However, there are developments in alternative data in the non-regulated part of our business. How does the use of social media data and SMS data help in credit profiling? Social media sort of comes into play—data like where have you checked in, the cities you visited, your travel profile. What has to be remembered is that though alternative data can be powerful, if it goes into the wrong hands, it can be misused. We also cannot ignore the fact that there is an alternative data revolution that is happening.

Source: Mint April 08, 2018 16:52 UTC