Stained in Red: Credit Data
Rachel O’Dwyer, 4 April 2019
When the Chinese e-commerce platform Alibaba, the biggest retailer in the world, launched an app allowing its customers to buy products and transfer money instantaneously, it understood that the resulting data – who buys what and who sends money to whom – could also be used to underwrite credit. In a society where grandmothers use smartphones to pay for groceries and beggars...
