Alt Data Sources Key to Improving Loan Access for the Financially Invisible

As many as 50 million individuals in the U.S. are credit invisibles, as estimated by the Office of the Comptroller of the Currency. Ravi Loganathan, chief analytics officer at Early Warning Services, tells PYMNTS that public/private sector initiatives, such as Project REACh, can expand access to credit and capital – by leveraging alternative data sources.