By Alix Langone in Money
What if a slip-up as small as typo could cost you the chance to get a loan? That may be the future of banking, according to a new study by U.S. and German researchers.
Until recently, companies have had a single straightforward way of deciding whether they would give you a mortgage or a loan to buy a car — your credit score.
But technology, including your “digital footprint” — the information most of us give away for free everyday by registering for websites or simply surfing the web — could soon change all that.
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About Radnor Reports
Ken Feltman is past-president of the International Association of Political Consultants and the American League of Lobbyists. He is retired chairman of Radnor Inc., an international political consulting and government relations firm in Washington, D.C.
Feltman founded the U.S. and European Conflict Indexes in 1988. The indexes have predicted the winner of every U.S. presidential election beginning in 1988, plus the outcome of several European elections.
In May of 2010, the Conflict Index was used by university students in Egypt. The Index predicted the fall of the Mubarak government within the next year.
