How to separate the wheat from the dangerous chaff in online lending? The good borrowers from the frightful fraudsters?
In the latest installment of Data Drivers, Karen Webster, Joe DeCosmo, chief analytics officer at Enova Decisions and Kevin King, director of Product Marketing at ID Analytics, told the story of why online lending and digital data analytics have to mesh well to weed out the bad apples — in only three data points, of course.
Data Point Number One: 66 percent