Panel | Data Revolution: A New Hope for Fair Creditworthiness
summary
Panel argues lenders must decide in seconds not days, using open banking APIs that cut document processing from 2 hours OCR to 10 seconds via API, and machine learning models for risk rather than opaque black boxes; a 1,000‑person German survey shows 63% want digital experience and 51% want personalized offers; data consent and transparency are mandatory, gender is excluded from models, AI is used first for categorization and customer service, and uptake varies sharply by country.
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chapters (8)
- 0:00Panel introduction
- 1:34Data in lending today
- 5:51Future lending data sources
- 7:38Customer data sharing
- 13:38Fairer credit scoring
- 21:04Regulations for fair credit
- 26:40AI in credit scoring
- 31:43Challenges in data-driven lending
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