GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending
PYMNTS
JANUARY 7, 2019
The GAO said it had seen — through interviews with 11 FinTech firms — loan volume grow by sevenfold, while collaborative efforts with banks continued to grow from 2013 to 2017. Such alternative data, said the GAO, could pose risk to such lending decisions. “The Sandboxes, Gathering Steam.
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