However, many Filipino adults and MSMEs do not have or have very little credit history. The use of alternative data in credit scoring is an innovation that addresses the challenge of predicting the creditworthiness of the so called credit invisible. Unlike traditional data which is composed of bank transactional data and credit bureau information, alternative data come in many forms.
This includes social media, mobile data, 2/3  BIS central bankers' speeches  utilities data, behavioral data, online transactions, geolocation data, and browser data, among others. With alternative data, a more complete picture of the client is painted thus allowing for more individuals and businesses to be assessed.