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Venue

InterContinental Miami
100 Chopin Plaza
Miami, FL 33131
Tel: 1-800-327-3005

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Thursday, June 6, 2013

12:00 p.m. - 1:30 p.m.

INDUSTRY INNOVATION SESSION LUNCHEON: EMBRACE INCLUSION WITH ALTERNATIVE DATA - HOW ALTERNATIVE DATA EXPANDS ACCESS TO CREDIT FOR UNDERSERVED MINORITIES

Jeffrey Feinstein, PhD, Senior Director of Analytic Strategy, Business Services, Credit Risk and Analytics, LEXISNEXIS

During this session, we will discuss a research project that demonstrates how alternative data can help lenders underwrite credit for historically disadvantaged minority populations. It is common for minority underbanked consumers to lack a sufficient data footprint at one of the three national credit bureaus, and be excluded from credit products as a result. Alternative data available on these consumers can be used in the underwriting process, potentially increasing access and approval rates.

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