Watch Kaushal Sampat, Founder of Rubix Data Sciences participate in a panel discussion on “𝗣𝘂𝗯𝗹𝗶𝗰 𝗗𝗮𝘁𝗮, 𝗘𝗦𝗚 & 𝗖𝗿𝗲𝗱𝗶𝘁 𝗥𝗶𝘀𝗸 – 𝗚𝗹𝗼𝗯𝗮𝗹” at the 𝟱𝘁𝗵 𝗙𝗘𝗖𝗠𝗔 𝗣𝗮𝗻-𝗘𝘂𝗿𝗼𝗽𝗲𝗮𝗻 𝗖𝗿𝗲𝗱𝗶𝘁 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗖𝗼𝗻𝗴𝗿𝗲𝘀𝘀 in Athens moderated by Ingrid Riehl of BIIA with very knowledgeable co-panelists Antoun Massaad, Gertjan Kaart, Georgios Oikonomou and Giorgio Baldassarri Höger von Högersthal.
Kaushal shared about how Rubix is using data analytics and alternative data to assess the creditworthiness of companies in India, especially that of Small and Medium Enterprises that form a major chunk of India’s businesses and whose data is not easily available on public databases. He also spoke about how the incorporation of Environmental, Social, and Corporate Governance (ESG) risk in assessing credit worthiness of companies requires some regulatory standardisation.
Some key takeaways from the panel discussion:
- The quality and accuracy of the data can be questionable, as it may not always reflect the current financial situation of individuals or businesses. Moreover, the data may be limited in scope, providing only a partial view of an entity’s creditworthiness.
- There is a lack of standardisation and consistency in data formats and reporting across different sources, making it difficult to compare and analyse information effectively.
- Privacy concerns and data protection regulations may restrict access to certain types of data, further limiting the availability of comprehensive and reliable information for credit assessment.
- Against the backdrop of the above challenges, leveraging reliable alternative data sources is the need of the hour to ensure accurate and comprehensive credit evaluations.
- There is a lack of standardised ESG metrics and reporting frameworks, which makes it challenging to obtain consistent and comparable data across companies. Additionally, ESG factors can be subjective and open to interpretation, leading to discrepancies in evaluating their impact on credit risk.
- There is growing recognition of the importance of ESG risk and efforts are underway to improve data availability, standardization, and methodologies for incorporating ESG considerations into creditworthiness assessments.
Watch the entire panel discussion here to delve into this interesting topic.
Kaushal Sampat, Founder, Rubix spoke in a panel discussion on 𝗣𝘂𝗯𝗹𝗶𝗰 𝗗𝗮𝘁𝗮, 𝗘𝗦𝗚 & 𝗖𝗿𝗲𝗱𝗶𝘁 𝗥𝗶𝘀𝗸 – 𝗚𝗹𝗼𝗯𝗮𝗹 at the 𝟱𝘁𝗵 𝗙𝗘𝗖𝗠𝗔 𝗣𝗮𝗻-𝗘𝘂𝗿𝗼𝗽𝗲𝗮𝗻 𝗖𝗿𝗲𝗱𝗶𝘁 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗖𝗼𝗻𝗴𝗿𝗲𝘀𝘀. He explained Rubix’s use of Alternative Data to assess the creditworthiness of Indian entities, especially SMEs.