Hablando de datos alternativos

¿Cómo se pueden aprovechar los principios de la personalidad y de la economía conductual en el mundo de la evaluación del riesgo de crédito? Ese fue el tema de discusión en la conferencia Ciclo de Riesgo celebrada recientemente en Colombia. Vea la ponencia de Begini a través del Head para Latinoamérica – Rodrigo Rocha. https://youtu.be/a1eaunCYl14 […]

UK Focus: Shifting economic conditions demand new approaches to lending 

UK regulator, the FCA (Financial Conduct Authority) has this month written directly to more than 3,500 lenders in the UK to “remind them of the standards they should meet as consumers across the country are affected by the rising cost of living. With household bills expected to continue to rise into the autumn, it is […]

The future of lending is first-party data

In a data-rich world, it is increasingly important to know how to select the best data source for each process.   What is the difference between first-party and third-party data?   And why are some lenders moving to first-party data for risk assessment?  Let’s start with some definitions  First-party data is data that you create or […]

What is a psychometric assessment?

And how can it help your credit score? If we want to measure temperature, we use a thermometer. But how can we measure variables like knowledge and attitudes? We use a psychometric assessment. The term ‘Psychometrics’ sounds intimidating and complicated, but essentially it refers to the ability to measure psychological traits. Psychometric assessments can objectively […]

Regional Focus: Credit inclusion in Africa

Africa is one of the most diverse continents in the world. Home to more than a billion people and making up the largest free trade area on the planet. The continent is rich in natural and human resources and has the potential to build on these to drive inclusive growth. The diversity of the continent […]

A question of character for SME lending

Getting to know the ‘missing middle’? ?Micro, small and medium enterprises (MSMEs) are the lifeblood of economic growth; however, they need investment to thrive, and often face the same tough due diligence requirements as larger enterprises. Lenders often rely on limited data to make credit decisions, giving them little insight into who they are really […]

Does your personality change over time?

“People don’t change!” It’s a common expression, but is it true? Can our personalities change over time? How much? When we talk about personality, we are referring to individual differences in characteristic patterns of thinking, feeling and behaving. Psychologists have been studying and finding ways to measure personality for decades. Recent studies have looked at […]

Regional Focus: Credit inclusion in Latin America

Latin America and the Caribbean is a region of diversity and contrast. While it is home to hubs of innovation and technology, challenges to financial inclusion persist. Access to financial services varies widely between regions and segments of society. It is reported that 45% of the adult population do not hold a bank account and […]

Global Open Finance Challenge

The future of finance is open Begini has been accepted to take part in the Global Open Finance Challenge. This initiative is being driven by four of the world’s leading banks – NAB, Banco Itaú, NatWest Group, and CIBC – and we are looking forward to engaging with their innovation teams in the coming weeks. […]

Why lenders should consider alternative data in credit scores

Lenders have traditionally relied upon a limited set of data to make lending decisions. Typically a credit file contains information relating to a person’s financial history. It gives detailed information in relation to how people have historically handled their credit responsibilities and this has been used as a way for lenders to mitigate any risk […]