View & need from Central Bank Source : Bank of Thailand 6
Hierarchy of Data in Credit Risk Management Think about “New data sets” Understand the creditworthiness Financial Inclusion for unbanked customer Social Behavioral Financial Account Big data .... Data Bill Payment Data Non-financial Data • Transaction level banking • Telco • Public record and property • Credit trade line* • Utility • Retail purchase information • Demand deposit account • Mobile device • Retailers • Psychometric survey • Rent • Social network 1 *Credit trade line = Data in Credit 2 bureau, account level 3
Banker say something about digital transformation…
Source : Oliver wyman
China: Sesame Credits (Alipay’s Credit scoring) • Sesame credit is a credit scoring system being Personal Identity • Education constructed by Ant Financial, an Alibaba- • Career affiliated company • Household registration • Sesame credit evaluate one’s score in 5 Shopping Habits categories • Shopping history • Shopping frequency • Personal Identify • Price of goods • • Payment Capability Purchase volume • Payment History Social Network • The more high credit friends you • Social Network have, the higher credit you are • Shopping Habits Payment Capability • Users can boost Sesame Credit Score by • Evaluate by users’ social insurance, • real estate, cars and other property Update more personal information information (Education, Occupation, Car information etc.,) • Pay bills on time Payment History • Have more high credit score friends • Evaluate whether pay all kinds of bills on time • Shopping more frequently
Korea : Telco score for thin file applicants Source : NICE, Korea 15
Consumer Credit scoring report, format & design by BoT
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