In today’s rapidly evolving lending landscape, financial institutions (FIs) face unprecedented challenges in accurately assessing creditworthiness, expanding access to credit, and managing risk. While traditional credit data is still a cornerstone of lending decisions, lenders are increasingly recognizing that it does not fully capture the complexities of modern consumer financial behavior.

This report delves into alternative credit data’s current state and future potential in lending decisions, drawing on a proprietary survey sponsored by LexisNexis Risk Solutions of 150 U.S. consumer lending institutions.

Clients of Datos Insights’ Retail Banking & Payments service can download this report.

This report mentions Lexis Nexis Risk Solutions.