Business · Companies · 16 hrs ago
NH Nonghyup Bank adds alternative data to assess borrowers
South Korea’s NH Nonghyup Bank is changing how it assesses borrowers with limited financial histories.
The change covers individuals and individual business owners who may have too little conventional credit information for a standard assessment.
The bank says its new model, called All One Bridge, analyzes alternative data from nine organizations, covering more than 10,000 types of information.
It adds utility bills and shopping patterns to telecom and small-payment data already used.
The bank also says it will simplify renewals for customers with strong repayment ability, while strengthening risk checks and follow-up for borrowers.
The changes are intended to expand access to financial support, but the bank has not given a timetable for their rollout.
NH Nonghyup Bank has introduced a credit assessment model using alternative data for individuals and sole proprietors with limited financial histories.
The bank said the move aims to expand inclusive finance and strengthen financial support.
The model, called the All One Bridge model, analyses alternative information from nine institutions.
It adds utility-bill and shopping and other consumption-pattern data to telecommunications and small-payment information already used.
The bank has also revised loan maturity-extension reviews, simplifying or automating the process for customers with strong repayment capacity.
- Who
- NH Nonghyup Bank.
- What
- It introduced an alternative-data credit assessment model and revised loan maturity-extension reviews.
- When
- November 9, 2026.
- Where
- South Korea. The announcement was reported from Seoul.
- Why
- The bank said it aims to expand inclusive finance and strengthen financial support for people with limited financial histories.
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- Model
- All One Bridge model
- Data sources
- Nine institutions
- Information analysed
- More than 10,000 items of alternative data
- New data types
- Utility-bill information and shopping and other consumption-pattern information