Fintech firms may see curbs on consumer credit data access: Experts

Various fintech firms have opted for credit scoring partnerships to facilitate lending in online marketplaces like Bankbazaar

Credit scoring companies may restrict access of fintech companies to consumer credit data till clear-cut regulations on data sharing for these entities emerge, said experts.

The Indian Banks' Association (IBA) held a meeting with the country’s top credit scoring companies on Friday to discuss the risks of allowing data access to fintech companies and possible solutions, said sources. 

An executive of a leading credit scoring company said discussions with the IBA and other stakeholders regarding access of fintech companies to data are on. “The restrictions on data sharing will remain till clear regulations and rules on data protection and privacy emerge. The