New age Fintech companies are using your mobile/internet trails to decide if you are worthy of getting a loan. Will you now think twice before hurling an abuse on Twitter or downloading a 'free' App? 1/12
So next time you wish to buy a TV on EMI, see what you've been asked to fill in an application form. It all starts from there. 2/12
a) Location of your residence and office addresses.
b) If you are paying your bills on time or have you been missing your payment dates (through SMS alerts). 3/12
d) If a Do-Not-Disturb has been activated on your phone.
e) Number of contacts, kind of apps used, frequency of using ecommerce website, etc.
Yes, phone operators sell these data points. 4/12
a) Your lifestyle- Spending/ travel details, club memberships etc.
b) Duration of your social media presence. 5/12
d) What kind of company you keep.
e) Your location details.
f) Whether the details given on loan form and/ or extracted from your phone, tally? 6/12