Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024)

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The Application of Alternative Data in Credit Scoring

Authors
Xuanrui Zhang1, *
1College of Liberal Arts, University of Minnesota, MN, 55455, Minneapolis, USA
*Corresponding author. Email: zhan9719@umn.edu
Corresponding Author
Xuanrui Zhang
Available Online 24 February 2025.
DOI
10.2991/978-94-6463-652-9_84How to use a DOI?
Keywords
Alternative data; Credit score; Digital footprint
Abstract

This paper mainly combs the ideas and methods of various researches on the application of alternative data in credit scoring and classifies, summarizes and summarizes the research results, so as to provide more comprehensive information for the current researches on this subject and clearer research direction in the future. Using the literature review method, this paper mainly summarizes the relevant researches on the application of alternative data in credit scoring into three aspects: Application of digital footprint, Application of telecommunications data source, and Assessing credit through social networks data, and the important role and feasibility of alternative data in credit scoring. In addition, by sorting out relevant literature, the advantages and disadvantages of each study and the model itself are found, hoping to provide scholars with a more comprehensive understanding of this topic, and provide ideas and research directions for subsequent research by pointing out the shortcomings of current research and application.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
24 February 2025
ISBN
978-94-6463-652-9
ISSN
2352-5428
DOI
10.2991/978-94-6463-652-9_84How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Xuanrui Zhang
PY  - 2025
DA  - 2025/02/24
TI  - The Application of Alternative Data in Credit Scoring
BT  - Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024)
PB  - Atlantis Press
SP  - 789
EP  - 794
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-652-9_84
DO  - 10.2991/978-94-6463-652-9_84
ID  - Zhang2025
ER  -