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Financial Authority Adds Behavioral Analysis to Consumer Loan Checks
The Financial Supervisory Authority issued a decision requiring consumer finance companies to assess customers through behavioral analysis using alternative data via "iScore" starting from April 1, 2027. The goal is to improve the efficiency of creditworthiness evaluation and reduce default risks, thereby ensuring the safety of financial disbursement operations and the stability of the non-banking financial market. This measure is part of efforts to develop the regulatory framework to keep pace with technological changes and to enhance supervisory and monitoring processes.
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