Using Algorithms to Determine Character - The New York Times - 0 views
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Increasingly, they judge our character.
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Upstart has over the last 15 months lent $135 million to people with mostly negligible credit ratings. Typically, they are recent graduates without mortgages, car payments or credit card settlements.
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ZestFinance, is a former Google executive whose company writes loans to subprime borrowers through nonstandard data signals.
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blog post by Quentin Hardy, NYT, on how new companies developing algorithms are using them to loan money to people who are better risks than their financial circumstances might suggest, track high performers in sales jobs to find the indicators of their success for export and use by other employees, etc. July 26, 2015