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Note: The original version of this story was updated to correct that the integration with banks doesn't use Tez payment data to assess user creditworthiness. .
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Alibaba Group affiliate Ant Financial Services has unveiled a new credit-scoring system that uses data from the e-commerce giant's sites to gauge users' creditworthiness.
Refinance.com then ranks a user's creditworthiness; if it is below an "A," the site suggests ways to improve the credit profile.
With the startup's new financial ladder educational system, LendUp is trying to get users to improve their creditworthiness by completing online courses in credit, saving and more.
Affirm has integrated with a number of large databases of consumer finance information, and over time will be increasingly using its own data to confirm the creditworthiness of its users.
The company makes no secret of its interest in accessing the payment history of its four hundred million users, to make judgments about their creditworthiness and character.
Even though this is a crowded space, with almost 300 alternative finance and crowdfunding platforms across Europe, Facebook has a unique position in this space with its vast user base and ability to utilize user data, as well as account information for assessment of risk and creditworthiness.
No proof of creditworthiness.
This bolstered the twins' creditworthiness.
Its creditworthiness could then slip.
For companies, Equifax and Experian rate creditworthiness.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com