On the Rise of FinTechs: Credit Scoring Using Digital Footprints
Tobias Berg,
Valentin Burg,
Ana Gombović and
Manju Puri
The Review of Financial Studies, 2020, vol. 33, issue 7, 2845-2897
Abstract:
We analyze the information content of a digital footprint—that is, information that users leave online simply by accessing or registering on a Web site—for predicting consumer default. We show that even simple, easily accessible variables from a digital footprint match the information content of credit bureau scores. A digital footprint complements rather than substitutes for credit bureau information and affects access to credit and reduces default rates. We discuss the implications for financial intermediaries’ business models, access to credit for the unbanked, and the behavior of consumers, firms, and regulators in the digital sphere. (JEL G20, G21, G29)
Date: 2020
References: Add references at CitEc
Citations: View citations in EconPapers (140)
Downloads: (external link)
http://hdl.handle.net/10.1093/rfs/hhz099 (application/pdf)
Access to full text is restricted to subscribers.
Related works:
Working Paper: On the Rise of FinTechs – Credit Scoring using Digital Footprints (2018) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:oup:rfinst:v:33:y:2020:i:7:p:2845-2897.
Ordering information: This journal article can be ordered from
https://academic.oup.com/journals
Access Statistics for this article
The Review of Financial Studies is currently edited by Itay Goldstein
More articles in The Review of Financial Studies from Society for Financial Studies Oxford University Press, Journals Department, 2001 Evans Road, Cary, NC 27513 USA.. Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().