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Big Data for the Poor
ZestCash, founded in 2006, had a winning idea, in principle. It made loans to borrowers with poor credit scores by using complex data analysis to better determine their credit quality. But now it has decided to move out of the business of making loans and instead concentrate on selling its analysis to other lenders serving poorer and marginal borrowers.
Read more: http://bits.blogs.nytimes.com/2012/07/05/big-data-for-the-poor/
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Curated by the Tap the 90 team: Shankar Gopidas, Sam Kumarsamy, Louie Yan. Check us out on LinkedIn, Facebook and Twitter!
