Bangalore-based payments startup Simpl is sharing a risk score it developed from looking at its users’ online shopping habits with its financial partners for clues on their credit risk. Datasigns Technologies, another Bangalore startup, is working with IDFC Bank and triangulates family and friend connections on Facebook to ensure loan applicants are telling the truth. Singapore-based Lenddo, which is working with FICO as well as banks in India, looks at the number of contacts a person has in their phone book and how often they interact with them, among 12,000 other data points. Regular interaction with the same group of people is a sign of a good borrower.

https://www.wsj.com/articles/are-you-a-credit-risk-indian-banks-dig-deep-in-your-phone-to-find-out-1511433007