US mobile players finally enter the credit card business

As in much of the developing (or on this dimension more developed?) world, US telcos are exploring their options in the credit card space. Technology players are also developing related competencies.

Consider the implications not only for credit card originators and credit providers, but also for credit bureaus. No only do telcos already have a fully fledged credit department, they also have great insight in to consumer behaviour that can supplement the traditional credit score.

Many players (including Silne) are sourcing what is known as “alternative credit data” for this purpose. Telcos have some of this in-house. It takes significant modeling expertise to tease out the insight from this, but they will get there in time.

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