Tag: alternative data

Experian explains how alternative data, otherwise known as non-traditional data is currently used for the purpose of business credit decisions.

Experian has introduced Social Media Insight, breakthrough social media data for managing risk. Use social media data to mitigate risk.

The Consumer Financial Protection Bureau (CFPB) is engaged in increasing its understanding of the opportunities and potential challenges associated with consumer permissioned account data. The agency launched a request for information on the topic in November 2016 and is currently analyzing information it received prior to the February 2017 comment deadline. In remarksat a field hearing in conjunction with the launch of the RFI, CFPB Director Cordray stated, that "access to digital financial records is critical. As with your student records or medical records, your financial records tell an important story about you. With health care, for example, if you can see your records, it is easier to participate.”