Regaining Confidence: Assessing the role of alternative data in a changing credit landscape
The sudden and unexpected economic crisis which began in March 2020 has introduced historical uncertainty into today’s credit environment. The challenge created by this rapid and inconsistent shift in consumer behaviors has been compounded by new regulations temporarily impeding traditional credit insights and shaking lenders’ confidence in assessing consumers’ creditworthiness.
Research by ID Analytics and LexisNexis® Risk Solutions evaluated the role of specific alternative credit insights and non-credit events in re-establishing a clear view of consumer behavior following the recent economic turmoil. Learn how various alternative data signals reacted following the initial Spring lockdown, and the subsequent ability to help lenders regain confidence in their underwriting strategies heading into the second half of 2020
Join our credit experts as they discuss:
· Impacts of new regulations and shifting consumer behaviors on traditional scoring models
· The role of specific alternative credit inquires in identifying consumer instability missed by traditional models
· How insight into non-credit life events can help identify consumers overestimated or underestimated by traditional models
· Best practices for gaining a more complete picture of consumer creditworthiness across the customer lifecycle