IMF Calls for Credit Score to be Tied to Internet Search History

In a blog post courtesy of the International Monetary Fund, IMF researchers Arnoud Boot,Peter Hoffmann, Luc Laeven, and Lev Ratnovski called for internet search history to be tied to credit score. Presenting their findings from a paper they wrote, the researchers argue that by using non-financial data, specifically “the history of online searches and purchases,” we can solve the problem of “certain kinds of people not having enough hard data (income, employment time, assets and debts) available.”  The authors of the piece claim that this move is a necessary innovation in order to compete with the rise of corporate cryptocurrencies such as the one in development by Facebook, who hope to launch next year. While Facebook is a monopoly that has engaged in political censorship, their power pales in comparison to that of the IMF . The International Monetary Fund is a veritable superpower with ties to the World Bank, and they oversee the entire global economy. …..Read More



Categories: Media, Media - Internet - Social Media, News, Social Media, Technology

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