Articles by V. McIntyre
Most Influential Post Nominee: The Surprising Reason Why Savings Boosts Income – New Research Reveals an Unexpected Benefit of Financial Inclusion
Here's the third entrant in our Most Influential Post of 2016 contest. This article, the most-viewed post on NextBillion for March, discusses the concept that if you make it easier to save, people will not only save more, they'll earn more. We'll publish a new entrant in the contest every day through Jan. 2; check them out, and be sure to vote for your favorite.
The Hard Facts on ‘Soft Data’: Determining risk for loan applicants without credit scores is more than a numbers game
Research has shown that judging creditworthiness based on a single number can shortchange lenders as well as borrowers, and that a more comprehensive picture based on “soft information” as well as numbers can serve as a firmer basis for judging risk of default. This is good news for small borrowers – and it represents a promising new direction for those seeking to lend to them.
NexThought Monday – The (Financial) Wisdom of the Crowd: How a group of non-experts outperformed traditional credit ratings at identifying good and bad borrowers
Determining risk has always been a hurdle for lenders, and a barrier for small businesses looking to expand. Non-traditional credit scoring could help - but is it dependable? A new Harvard study on a crowdsourced credit scoring approach found it predicted defaults with 45 percent greater accuracy than standard credit scores.