Alternative Credit Scoring as a Game Changing Reality


Credit scoring underpins our financial system. Before any money is given out as a loan, banks need to perform some kind of risk assessment.

A credit score is formulated in order to reduce all the risk factors and provide decision makers with a single number.

Traditional credit scores work well for people who can be easily validated because they have accumulated a lot of financial transactions. But young people, such as those just out of college, have a real problem getting banks to loan them money because they have still not been validated as part of the local banking system. The same goes for new immigrants who may have had no problem getting access to loans in their home countries but face real difficulties in their newly adopted countries. This is because banks lean heavily on traditional financial data points when assessing the risk associated with a new loan applicant.

Our goal at ConfirmU is to change the way banks assess the risk associated with this population segment by taking into account a wider range of data points that include what we believe to be a more realistic psycholinguistic analysis of the loan applicant whenever the bank needs to evaluate a credit score.

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