Investors want more alternatives to credit scoring methodologies

The survey containing the views of a sum aggregate of $47 trillion in assets under management (AUM) also revealed that 85% of investors want new methodologies that will enable the inclusion of the majority of the underserved communities across the US.

Meanwhile, another 58% believe it would be helpful to have greater transparency around how credit scores are calculated.

“This research shows that investors want credit scores to keep pace with demographic shifts and advances in technology and data innovation – without lowering risk standards,” Silvio Tavares, president and chief executive officer of VantageScore Solutions, said in a media release. “There is clear demand to move away from the status quo with an emphasis on increased inclusivity and transparency, which are two areas where VantageScore is best in class.”