NH Nonghyup Bank introduces alternative-data credit scoring for borrowers with limited financial histories
NH Nonghyup Bank announced an alternative-data credit assessment system for individuals and sole proprietors with limited financial histories. Its All One Bridge model draws on analysis of more than 10,000 alternative data items from nine institutions, adding utility bills and shopping patterns to telecommunications and small-payment data. The bank also revised loan-renewal reviews, strengthening risk assessment and follow-up management while automating and simplifying extensions for creditworthy customers with good repayment capacity.