PEPPER GLOBAL
It ’ s an evolving process that is growing and improving as technology and more information is gathered . Indeed , it ’ s even possible that alternative credit checks could even become more of a reliable indicator of solvency and loan repayment reliability , than old-fashioned financial histories .
“ Inevitably , when you ' re starting with a blank sheet of paper without any borrowers , you have to hedge a little bit . You take some chances . You make some sensible decisions around the data you can get access to , and you create rules around who you should and shouldn ' t learn to lend to . Off the back of that , you lend some money and see what happens . It ' s a classic machine learning challenge .
“ As you start to gather data , performance data on loans , then you can start to work out what data genuinely enables you to score well in the broadest sense and make increasingly more reliable decisions .”
$ 68.1bn
Total Assets Under Management
$ 17.5bn
Lending Assets Under Management
1.7m
Customers
$ 50.5bn
Servicing Assets Under Management
3216 +
Employees
* All figures are in USD and correct as of 30 June 2021
Defining useful data sources Deciphering which data is the most useful in assessing customer reliability , is where Day ’ s former experience in telecommunications comes into its own .
“ Inevitably , when you ' re starting with a blank sheet of paper without any borrowers , you have to hedge a little bit . You take some chances . You make some sensible decisions around the data you can get access to ”
ANDREW DAY GROUP CHIEF DATA OFFICER , PEPPER GLOBAL
88 December 2021