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Some media outlets have compared the social credit system to credit scoring systems in the United States. [ 141 ] [ 142 ] [ 143 ] According to Mike Elgan of Fast Company , "an increasing number of societal "privileges" related to transportation, accommodations, communications and the rates US citizens pay for services (like insurance) are ...
Credit scoring systems are seen as scheme to classify individuals creditworthiness necessitated by the loss of these collective social services. [11] [13] The credit scoring system in the United States has been compared to, and was the inspiration for, the Social Credit System in China. [14] [15]
The scoring system has also been studied as a form of classification to shape an individual's life-chances—a form of economic inequality. [62] The classification scheme is necessitated by the loss of collective social services and risk. [63] The credit scoring system in the United States is similar to the Social Credit System in China. [64]
"Nosedive" was widely compared to China's Social Credit System, a government initiative which began pilot projects in 2014, [35] initially using private systems such as Sesame Credit. [36] [37] The state projects were implemented differently by local governments, but each collected data on citizens in order to assign them an overall score. [35]
GM's CFO told investors the company has changed its business strategy to withstand market volatility and a new presidential administration.
In Australia, credit scoring is widely accepted as the primary method of assessing creditworthiness. Credit scoring is used not only to determine whether credit should be approved to an applicant, but for credit scoring in the setting of credit limits on credit or store cards, in behavioral modelling such as collections scoring, and also in the pre-approval of additional credit to a company's ...
Lead scoring is a methodology used to rank prospects against a scale that represents the perceived value each lead represents to the organization. [1] The resulting score is used to determine which leads a receiving function (e.g. sales, partners, teleprospecting) will engage, in order of priority.
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