Credit Beyond Credit Scores: How Digital-First Lending Redefines Trust
Read the whitepaper to know how to:
- Make credit assessment more comprehensive
- Enable faster, significantly more accurate underwriting decisions
- Stem delinquencies with preemptive collection measures
- Smoothen the customer experience
Executive Summary
The meteoric rise of buy-now-pay-later (BNPL) transactions during the lockdown set the stage for a credit revolution. The time is ripe for a new model of credit assessment - one that goes beyond credit scores to bring thin-file borrowers into the formal financial fold.
Our whitepaper argues that credit offerings, such as BNPL, redefine trust in a lending context. These credit offerings focus on cash flow-based inputs instead of historical transactions. This brings alternative data sources into the purview of credit assessment, transforming the way credit is accessed and disbursed.