15 Aug 2015

Cellphone credit check

From This Way Up, 12:50 pm on 15 August 2015

What's your credit rating like?  

Daniel Bjorkegren of Brown University is running a trial in the Caribbean to see how mobile phone data can be used to assess someone's credit worthiness. He's showing the method can be as accurate as a conventional credit check in predicting whether people will default on their loans or not.