Evolving Credit Data
The discussion highlights the shift towards utilizing diverse data sources beyond traditional credit metrics, such as cash flow and utility payment history, to better assess consumer suitability for financial products. Open banking emerges as a crucial concept, enabling consumers to share their financial data easily and securely with lenders, fostering a more transparent and efficient lending process. The current lack of open banking regulations in Canada poses challenges, making it difficult for consumers to leverage their data effectively.In this clip
From this podcast
The Hard Part with Evan McCann
Andrew Graham from Borrowell
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