Surveying the Landscape of Alternative Credit Data
In the current uncertain economic environment — where consumers’ ability and willingness to repay debt has been complicated by a wide range of external factors, — financial institutions and service providers are faced with a daunting set of challenges. To continue lending effectively without overexposing the organization to risk, lenders are increasingly looking to alternative data sources to regain their understanding of consumer credit worthiness. But the ever-shifting landscape of credit data can make utilizing these insights feel like a moving target.
New research by Aite Group and LexisNexis® Risk Solutions seeks to map out the landscape of alternative data, demystifying a solution set increasingly critical to lending success. Obtain a current picture of the ever-evolving set of insights available to risk managers in 2021, including details on the latest alternative credit scores to hit the marketplace.
In this informative webinar, our credit experts discuss:
- Emerging 2021 trends in consumer credit behavior
- Impacts of current and proposed legislation on credit data
- The forms of FCRA credit data available to lenders
- Use cases for leveraging alternative data across the credit spectrum
- Best practices for utilizing these insights in existing underwriting strategies
- New innovations in alternative credit scoring from LexisNexis® Risk Solutions.