Alternative Credit Scoring: Concept, Practice and Global Developments

The Indian Banker, Indian Bank Association, ISSN 2349-7483. Volume V, Issue 10, May 2018. pp 12-18, https://www.theindianbanker.co.in/

14 Pages Posted: 6 May 2021

Date Written: April 1, 2018

Abstract

A large quantum of technical work is underway in the area of alternative credit scoring to better understand and put in place an effective process of the credit risk measurement and management. However, the traditional and new approaches have their complementarities and inter-dependence. Use of the alternative data and application of the behavioural sciences have added to the scope and utility of the alternative credit analysis and scoring. The alternative credit scoring can act as a very useful bridge between digital footprints and financial footprints and thereby can help both the potential borrowers and financial institutions to achieve their respective goals.

Keywords: Alternative Finance, Credit Scoring, Data

JEL Classification: G21

Suggested Citation

Srivastava, Ashish, Alternative Credit Scoring: Concept, Practice and Global Developments (April 1, 2018). The Indian Banker, Indian Bank Association, ISSN 2349-7483. Volume V, Issue 10, May 2018. pp 12-18, https://www.theindianbanker.co.in/ , Available at SSRN: https://ssrn.com/abstract=3837233

Ashish Srivastava (Contact Author)

Reserve Bank of India ( email )

University Road
Pune 411016, Maharashtra
India

CAB, RBI, Pune ( email )

University Road, Pune
Maharashtra
India

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