On the Rise of the FinTechs—Credit Scoring using Digital Footprints
This paper evaluates users’ digital footprints or the information that people leave online by accessing or registering a website to predict consumers’ likelihood of default. Using more than 250,000 observations, the authors show that information gleaned from people’s digital footprint can be equal to or even exceed the information content of credit bureau scores.
FDIC Center for Financial Research Working Paper No. 2018-04
Tobias Berg, Valentin Burg, Ana Gombovic and Manju Puri