Your social media behaviour can help you access loan; here’s how

By Sarbajeet K Sen

Can your social media behaviour, be it on Facebook or Twitter, help you access credit? It can, so it seems, especially if you are first-time borrower.

A relatively new entrant in the market – Lenddo, a Singapore-headquarterd entity – is using non-traditional data from Facebook, Twitter, mobile phones, and transactional data from e-commerce firms, payment gateways and wallets to develop credit scores for first-time borrowers of lending institutions.

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