SINGAPORE (July 29): When Peter Barcak, co-founder and CEO of CredoLab, thought about his next move after selling off his stake in Platinum Bank in Ukraine, his attention turned to an issue he had faced as a banker. How does one address the problem of lack of data when assessing new customers for credit facilities?

“How [do you] improve the way banks do [the] underwriting, their ability to judge who is going to be a good customer or bad? That was an inspiration to look at alternative data,” Barcak tells The Edge Singapore.

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