Thought Leaders in Financial Technology: Jeff Zhou, CEO of Fig (Part 3)

Sramana Mitra: Given the situation that there’s 30 million people unemployed in America, it will take them a while to find their way back into the workforce. What would your risk model do when you apply that to this category of people? Are they not going to qualify for credit or is there a way?

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Thought Leaders in Financial Technology: Jeff Zhou, CEO of Fig (Part 2)

Sramana Mitra: Tell me a bit about what kind of heuristics you are using in doing the credit scoring for subprime. Jeff Zhou: One area that people are interested in is alternative data sources like social media. This is an area that I think is very difficult to tie to credit behavior when you’re comparing

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Thought Leaders in Financial Technology: Jeff Zhou, CEO of Fig (Part 1)

Jeff discusses subprime lending as the number of consumers needing loans escalate exponentially in this post-COVID world. Sramana Mitra: Let’s start by having you introduce yourself as well as the company.