The past few years have seen considerable interest in developing
credit models to include new data sources. This is particualrly valuable
in developing economies where most people have no relevant data
associated with them, which means they cannot currently access credit
and other financial services.
The scope of use of people's scores
is also expanding, and nowhere more so than in China, where the state
and private enterprises are attempting to introduce 'social credit
systems' in to support the economic and political system.
What is
the truth about these systems and these practices? What can we learn
from recent experiments, and what are the benefits and risks of using
data-based metrics in calculating social risk and entitlement.