Provenir_2022_Fintech_Agenda_APAC

D a t a in t eg r a t i o n i s t he bigge st im p edimen t to us ing a l t e r n a t i v e d a t a .

W hile t he r e a so n s f or us ing a l t e r n a t i v e d a t a a r e cle a r , a m a j or i ty o f r e spo nden ts 60 % s a y t hi s d a t a i s n ot e a s il y in t eg r a t ed in to t hei r c urr en t so l ut i o n .

W h a t a r e your bigge st b a rr ie rs to a cce ss ing / us ing a l t e r n a t i v e d a t a ?

60 % A l t e r n a t i v e d a t a i s n ot e a s il y in t eg r a t ed in to our c urr en t deci s i o ning so l ut i o n

51 %

A l t e r n a t i v e d a t a i s n ot a cce ss ible to m y or g a ni z a t i o n 50 %

50 %

T he d a t a i s too u n stru c tur ed

N ot c o n v inced o f t he v a l u e

20 % T oo m a n y c o m p li a nce r i s k s

I m prov ing f r a u d de t ec t i o n a nd pr e v en t i o n i s t he top r e a so n r e spo nden ts us e a l t e r n a t i v e d a t a in c r edi t r i s k a n a l ys i s .

65 % o f r e spo nden ts us e a l t e r n a t i v e d a t a to im prov e f r a u d de t ec t i o n a nd pr e v en t i o n w hile 48 % h op e to r e a ch a bigge r a u dience o f pot en t i a l c usto me rs .

W h a t a r e your pr im a ry r e a so n s f or us ing a l t e r n a t i v e d a t a sour ce s in c r edi t r i s k a n a l ys i s ?

I m prov e f r a u d de t ec t i o n a nd pr e v en t i o n 65 %

M or e a cc ur a t e c r edi t s c or ing 42 %

A l t e r n a t i v e d a t a i s n ow a v a il a ble 36 %

R e a ch a bigge r a u dience 48 %

30 % O ur c o m p e t i tors a r e d o ing i t

21 %

W e d o n ’ t us e a l t e r n a t i v e d a t a

S e rv e t he u nde r b a nked / u nb a nked 46 %

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