Automated Loan Underwriting: Trust Science Scoring Explained
Want better predictions on bad loans, higher originations, and accelerated lending cycles to impact your bottom line? Automated loan underwriting can help you achieve these goals. In this post, I’ll walk you through our Trust Science credit scoring mechanism using a sample customer loan performance with anonymized test data. The example will not only demonstrate […]
How to Build a Credit Scoring Model – Part 2
You can be using credit score algorithm models but if you don’t have the right data, it’s all for naught. This is the second of a two-part blog series aims to provide you with the insights so you can: define key business objectives around scoring credit for existing and new customers assess what if any […]
How to Build a Credit Scoring Model – Part 1
You can be using credit score algorithm models but if you don’t have the right data, it’s all for naught. This first of a two-part blog series aims to provide you with the insights so you can: define key business objectives around scoring credit for existing and new customers assess what if any data you […]
Trust Science: Why Do We Talk About Patents?
Technology companies around the world are investing in artificial intelligence (AI) and machine learning (ML) at a breakneck speed. From health to telecommunications and transportation to finance, both technologies are becoming table stakes in a data-driven world. Unsurprisingly, AI is also the fastest growing section of patent requests in the world, with universities and tech […]
Disrupting Credit Scoring with Credit Bureau 2.0™: Mobile or Nothing
In October, as a part of the Money 20/20 show in Las Vegas, Evan Chrapko, CEO & Founder of Trust Science® had the opportunity to speak to the audience about Breaking News & Fintech Views. Watch the talk here.
How Alternative Data Increases Accuracy in Credit Assessment
An estimated 45 million1 Americans are either “credit invisible”, or “unscorable”. These individuals have credit score that would generally be perceived as subprime and thus, considered by traditional lenders to be less desirable candidates for new credit. And while lenders need to pay careful attention to mitigating the risk of delinquency, the fact remains that there […]
Rethinking Trust: The Next Generation of Credit Scoring
Humans are biologically programmed to develop a sense of who is trustworthy. But in a rapidly evolving digital economy, what role does trust play? Trust is, and always has been, at the core of the economy. We recognize factors like ability, benevolence, reputation, credibility and integrity as natural components of trustworthiness. However, in commerce, and […]
