Big Data Scoring (BDS), based in Helsinki, Southern Finland, is the leading provider of big data-based credit scoring solutions globally. The company’s unique selling point lies in its ability to collect 5,000-15,000 additional data points per each consumer from a wide variety of alternative data sources that have so far been ignored by lenders. This allows BDS to build the most accurate scorecards on the market, which, in turn, helps lenders operate in the thin file segments as well as increase credit approval rates and better manage credit quality.
Revolutionizing Credit Scoring with Alternative Data Sources
Traditionally, lenders have relied on a limited set of data sources such as credit bureau data to determine the creditworthiness of borrowers. However, BDS is changing the game by incorporating alternative data sources such as social media profiles, mobile device usage patterns, and utility bills, among others. By collecting additional data points, BDS can create more accurate and comprehensive scorecards, enabling lenders to better assess the risk of potential borrowers.
The Benefits of Using BDS’s Solutions
BDS’s solutions offer several benefits to lenders. By using alternative data sources, BDS can help lenders identify creditworthy borrowers who may have been overlooked by traditional scoring methods. This can lead to increased credit approval rates and higher-quality credit portfolios. Additionally, BDS’s solutions can help lenders operate in the thin file segments, allowing them to offer loans to consumers who may have limited credit history.
BDS’s solutions have already delivered over 0.7 billion scores, providing access to their first loan to millions of people, including the unbanked population and SMEs. This has helped many people break the poverty cycle by allowing them to gain access to fair funding.
Tailored Solutions to Meet Customer Needs
BDS understands that every customer has unique requirements when it comes to credit scoring. As a result, the company offers customized solutions to meet the specific needs of each customer. BDS has a 100% success rate in enriching hundreds of thin file predictive models for banking, online lenders, and the telco industry in Asia, Africa, Europe, and America. The company holds unique tools and technology to raise descriptive and behavioral data from every person on the planet.
Conclusion
Big Data Scoring is a leading provider of big data-based credit scoring solutions globally. By incorporating alternative data sources into its scorecards, BDS is revolutionizing the way lenders assess the creditworthiness of borrowers. The company’s solutions have already helped millions of people gain access to fair funding, and with its unique tools and technology, BDS is poised to continue making a positive impact in the industry.
If you are a lender looking for innovative solutions to improve your credit scoring methods, BDS is the go-to company. With a proven track record of success and a dedication to meeting the unique needs of each customer, you can be sure that you are getting the best solution for your needs.
Website: http://www.bigdatascoring.com
Twitter: http://twitter.com/BigData_Scoring
Facebook: http://www.facebook.com/BigDataScoring
LinkedIn: http://www.linkedin.com/company/3646332
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