Edited excerpts:Currently you work with over 20 banks and non-banking financial (NBFCs) who are looking to assess customers of small unsecured credit. Agarwal: We are under strict NDA (non-disclosure agreement) norms currently for fintech companies, so we can’t name them. I know of fintech companies that have tie-ups with NBFCs and don’t report credit behaviour to the credit bureaus. Why are the traditional credit bureaus not using alternative or digital data to assess customers? This is the same structure for digital data as well.

Source: Mint December 04, 2017 03:11 UTC