Brazil: Big data and automation help credit industry democratize access

Granting credit is no longer an investigation of the past, but an assessment of the future.

RIO DE JANEIRO, BRAZIL - The financial system and the credit industry have been undergoing constant transformations, notably with respect to the analysis of credit concessions to borrowers.

With so many innovations in platforms such as Pix, Open Banking and Cadastro Positivo giving access to new customers and markets, it is expected that the data generated by these systems will enable the creation of new services and products, for instance.

In this context, granting credit transcends the analogical method of data verification, based on social capital: the main problem to be solved to reach a diagnosis is no longer investigating the . . .

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