Alternative Credit Data

Definition

Alternative Credit Data are new sources of credit relevant information that has become possible with increased digitalization of the economy. They complement traditional Credit Data that have been used in the primarily paper based financial systems and e.g. Credit Bureau Scoring data

List of Alternative Credit Data

The following table enumerates various source of alternative data as they currently develop, with an emphasis in SME Lending

Data Source	Type	Description / Examples
E-Commerce Sales and Purchasing Data	Online B2B and Commerce Data
Supply Chain Digitized Document Data	Online B2B and Commerce Data
Logistics and Shipping Data	Online B2B and Commerce Data
Performance Data of SME Business customers	Online B2B and Commerce Data
Loan and Credit Card Data	Banking, Finance, and Industry Data
Current Account/Transactional Account Data	Banking, Finance, and Industry Data
Investment Account Data	Banking, Finance, and Industry Data
Insurance Data	Banking, Finance, and Industry Data
Online Accounting Data	Banking, Finance, and Industry Data
Online SME Billing and Payment Data	Banking, Finance, and Industry Data
Merchant POS and Sales Data	Banking, Finance, and Industry Data
SME Business Intelligence & Marketing Data	Banking, Finance, and Industry Data
Inventory Tracking Data	Banking, Finance, and Industry Data
Economic and Industry Data	Banking, Finance, and Industry Data
Social Media Data	Online Ranking and Social Data
Search History	Online Ranking and Social Data
Website History	Online Ranking and Social Data
Online Rankings and Reviews	Online Ranking and Social Data
Mobile Call Pattern Data	Mobile Data
Mobile Business and Expense Data	Mobile Data
Mobile Recharge History	Mobile Data
Mobile E-Money Transactions	Mobile Data
Smartphone Mobile App Analysis	Mobile Data
Mobile Geo-Locational Data	Mobile Data
Psychometric testing	Individual Data

Issues and Challenges

• Many alternative data sources are unproven in terms of long term usefulness
• Significant Data Privacy issues associated with some sources of Personal Data