Papers by Swapnil Sagar Soren
SSRN Electronic Journal
Alternative lending platforms provide an end-to-end loan experience through digital delivery, fro... more Alternative lending platforms provide an end-to-end loan experience through digital delivery, from application and origination to underwriting and servicing. Alternative lenders perform the credit underwriting process and approve or decline a loan application based on the borrower’s risk score in near real-time, relying heavily on proprietary algorithms and the collection of different sources of data directly from the borrower or third parties. To understand the growing interest in alternative lending, it is important to first understand India’s demographic landscape. With digital footprints limited to a small size of the overall population, a majority of people still rely on primitive methods to procure funds, such as borrowing money from social groups and their families. Moreover, for a large percentage of individuals, past credit history is either incomplete or unavailable altogether. The traditional method of generating credit scores has prevailed through the years, with credit bureaus mainly relying on credit card and loan history details for generating scores. This reliance on past credit history poses a significant lending challenge for financial institutions. This research project aims to explore the potential of alternative credit lending platforms for the identification of client markets among adults. As many segments of the economy are underserved by formal financial institutions, this research is aiming to identify the gaps for alternative lending to capture a huge potential market among adults.
Alternative lending platforms provide an end-to-end loan experience through digital delivery, fro... more Alternative lending platforms provide an end-to-end loan experience through digital delivery, from application and origination to underwriting and servicing. Alternative lenders perform the credit underwriting process and approve or decline a loan application based on the borrower’s risk score in near real-time, relying heavily on proprietary
algorithms and the collection of different sources of data directly from the borrower or third parties.
To understand the growing interest in alternative lending, it is important to first understand India’s demographic landscape. With digital footprints limited to a small size of the overall population, a majority of people still rely on primitive methods to procure funds, such as borrowing money from social groups and their families. Moreover, for a large percentage of individuals, past credit history is either incomplete or unavailable altogether. The traditional method of generating credit scores has prevailed through the years, with credit bureaus mainly relying on credit card and loan history details for generating scores. This reliance on past credit history poses a significant lending challenge for financial institutions.
This research project aims to explore the potential of alternative credit lending platforms for the identification of client markets among adults. As many segments of the economy are underserved by formal financial institutions, this research is aiming to identify the gaps for alternative lending to capture a huge potential market among adults.
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Papers by Swapnil Sagar Soren
algorithms and the collection of different sources of data directly from the borrower or third parties.
To understand the growing interest in alternative lending, it is important to first understand India’s demographic landscape. With digital footprints limited to a small size of the overall population, a majority of people still rely on primitive methods to procure funds, such as borrowing money from social groups and their families. Moreover, for a large percentage of individuals, past credit history is either incomplete or unavailable altogether. The traditional method of generating credit scores has prevailed through the years, with credit bureaus mainly relying on credit card and loan history details for generating scores. This reliance on past credit history poses a significant lending challenge for financial institutions.
This research project aims to explore the potential of alternative credit lending platforms for the identification of client markets among adults. As many segments of the economy are underserved by formal financial institutions, this research is aiming to identify the gaps for alternative lending to capture a huge potential market among adults.
algorithms and the collection of different sources of data directly from the borrower or third parties.
To understand the growing interest in alternative lending, it is important to first understand India’s demographic landscape. With digital footprints limited to a small size of the overall population, a majority of people still rely on primitive methods to procure funds, such as borrowing money from social groups and their families. Moreover, for a large percentage of individuals, past credit history is either incomplete or unavailable altogether. The traditional method of generating credit scores has prevailed through the years, with credit bureaus mainly relying on credit card and loan history details for generating scores. This reliance on past credit history poses a significant lending challenge for financial institutions.
This research project aims to explore the potential of alternative credit lending platforms for the identification of client markets among adults. As many segments of the economy are underserved by formal financial institutions, this research is aiming to identify the gaps for alternative lending to capture a huge potential market among adults.