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Lenders in India turn to bank statement analysis over credit scores
Original: A credit score tells a lender how a borrower has repaid credit in the past. It says very little... # backend # fintech #
Discussion in fintech circles is focusing on the limits of traditional credit scores, which only show how a borrower has repaid credit in the past. Bank statement analysis for lenders in India is being highlighted as an alternative, giving a fuller picture of cash flow and financial behaviour beyond the score itself.
Why now: Fintech developers and lenders are debating alternatives to credit scores as bank statement analysis tools gain traction in India.
Indiafintech lenderscredit scoresbank statement analysis
Evidence
- A credit score tells a lender how a borrower has repaid credit in the past. It says very little... # backend # fintech # software # coding # development # engineering # inclusive # community Bank Statement Analysis for Lenders: How It Works in India · hackaday@www.urbanmind.net · 2
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