Consumer Utility and Telecom Payments Can Help Lenders Reach Underserved Population, Report Says

A person’s utility bill can reveal a lot about their financial profile. And many banks and alternative lenders are using this data to underwrite loans, Sanjoy Malik, CEO and co-founder of utility data provider Urjanet, told Bank Innovation.  “A consumer’s utility payment history reveals obvious things like does the person pay bills on time? How ...Read More

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