The former American Express chief Ken Chenault is backing a start-up company that provides credit scores for immigrants who struggle to rent apartments and access other basic services upon their arrival in the US. Workers on overseas postings, international students and other newcomers have long struggled to secure credit cards and other loans because American institutions hold no records on them. Even high-income foreigners with strong credit histories in their home countries can find it difficult to deal with mobile phone providers and landlords, who typically demand several months’ rent up front.

https://www.ft.com/content/0971c376-635d-11e8-a39d-4df188287fff