Assessing creditworthiness in a time of radical uncertainty

Industry News | 27/04/20

To minimise the uncertainty caused by the crisis and keep capital flowing to an economy that needs it the market will inevitably be driven faster towards the automated and data-driven credit assessment models fintech offers. But how can fintech help the market adapt and assess creditworthiness at a time of uncertainty?

The Government’s aggressive interventions in the economy are suspending normal fiscal conventions. The commitments made by a government to underwrite huge loans to struggling businesses and to pick up the tab for furloughed employees has prompted some to wonder if the economy will ever be the same again.

Source: ALTFI