OWI Report

Building Better Credit: How Alternative Data and Partnerships Can Reshape Banking


In April 2020, Fidelity National Information Services reported a 200% increase in new mobile banking registrations – which included new users of all generations. This particular multi-generational shift also altered the information and data that financial institutions can use to understand a customers’ credit risk. In a new OWI Whitepaper in partnership with TMT Analysis, we explore the potential in alternative credit and how banking could benefit from moving past the standard financial identity system.

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While the potential for alternative data is great, utilizing it will require a change in how institutions connect and evaluate potential customers, which includes combining previously disparate identity data sets into a holistic view of the user. By doing so, the amount of data that organizations can use to understand a risk profile expands exponentially. 


This report takes a present look at the different tools and systems needed to bring alternative credit solutions to life, including digital identity and artificial intelligence, and identifies the necessity of building the right partnerships.

The report includes

  • Deep dive analysis into the problems traditional credit scores pose 
  • Overview of solutions to building a true, and verified credit history 
  • Insight into the importance of partnerships to execute on alternative data solutions
  • Case Study on Klarna’s potential 
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