Where did you get the source about selling data to NBFC's for credit scoring. It's quite possible.
If you search for "credit-risk models for the unbanked telecom repayment data india" or something similar to that , you will find enough links to this practice.
Excerpt from one of the sites .
"....using increased computing power and new sources of information and data (including mobile-phone usage patterns, utility-bill payment history, and others) to build better risk models. With these assets, and with scrupulous attention to privacy laws and customer consent and preferences, banks, retailers, utilities, and telecommunications providers can make responsible lending decisions in low-touch and low-cost ways."
I know people who have worked for an NBFC in the past making risk models who have used such data in their credit-risk models. Airtel was one of their prominent data partners. Cant give you more details though.
Take away - Next time you take a mobile connection, read the fine print. - especially about data sharing.
Nice points there. What exactly do you mean by the Point no. 3 there?? If you order something through, say, purse.io, you do need an address. Or are you suggesting this in terms of p2p trades??
Any direct transaction of bitcoin to get gift coupons (* like the few we have in US ( egifter.com , gyft.com , jmbullion.com ) and the ones in india *site removed* ) and the numerous other e-com sites which allow btc payments are direct pointers to link your physical address to the fact that you used bitcoins for transaction ( and also to your bitcoin address and therefore your transaction history - if you dont shuffle your BTC address ( point #1 ). If amazon buys this data from the third party ( and surely they have the money to do so ) , they can easily build a network of well ascertained data streams to point to all ( or atleast most of the btc transactions )
purse.io is more indirect since amazon cannot know if the amazon gift card used ( by buyer A ) to send the consignment to ( spender B) was acquired by a bitcoin or not ( unless purse sells the data to amazon or their kinds )
I have been interested for quite sometime about the IRA trying to traceback all the bitcoin transactions - and link to people - for taxation of their hoildings. Iam pretty sure the RBI and the IT department would definitely get the ecom sites in india to divulge the data to them for the purposes of linking all transactions to people - under the guise of Anti-Money Laundering act ( 2002) . And there would be no commercial organization ( or ecom site ) that would hesitate in sharing the data.
Take away - There fore, in a nut shell , if you link your purchases to a physical address, they can get you.
This is interesting. I got this old link where Airtel planned to get into insurance and mutual funds. Where did you get the source about selling data to NBFC's for credit scoring. It's quite possible.
It's funny how the poorest have to struggle for loan of a few thousand rupees while the rich get huge loans on the basis of simply their connections. The recent exposes, especially the one with Chanda Kochar are damning and shameful.
Nice points there. What exactly do you mean by the Point no. 3 there?? If you order something through, say, purse.io, you do need an address. Or are you suggesting this in terms of p2p trades??
It's funny how the poorest have to struggle for loan of a few thousand rupees while the rich get huge loans on the basis of simply their connections. The recent exposes, especially the one with Chanda Kochar are damning and shameful.
Nice points there. What exactly do you mean by the Point no. 3 there?? If you order something through, say, purse.io, you do need an address. Or are you suggesting this in terms of p2p trades??