The Prospects and Dangers of Algorithmic Credit Scoring in Vietnam: Regulating a Legal Blindspot

RES Working Paper Series 2021-1, ISEAS

Artificial intelligence (AI) and big data are transforming the credit market in Vietnam. Lenders increasingly use ‘algorithmic credit scoring’ to assess borrowers’ creditworthiness or likelihood and willingness to repay loan. This technology gleans non-traditional data from smartphones and analyses them through machine learning algorithms. Algorithmic credit scoring promises greater efficiency, accuracy, cost-effectiveness, and speed in […]

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