In order to better tell the story of alternative data, LexisNexis Risk Solutions developed a 4-part lecture series that explores what alternative is, what it does, how it works, and how it can give you better insight into various segments of the population.
In the first installment of the series, Alternative Data expert Solomon Semere explores the following topics in order to explain what it is and how it works. For example, Semere explains that alternative data is “information not found on a traditional credit report, but can reasonably and rationally be used for credit risk decisioning” that is compliant with the Fair Credit Reporting Act (FCRA) and Equal Credit Opportunity Act (ECOA).
But what does it include? How does it work? And what value does it drive?
The Alternative Data Series covers these questions and more. Watch the first part of the “Alternative Data Series” to learn how alternative data can provide you with the insight you need for better credit risk decisioning.
