Techdirt: Crowdfunded OpenSCHUFA Project Wants To Reverse-Engineer Germany’s Main Credit-Scoring Algorithm

Techdirt: Crowdfunded OpenSCHUFA Project Wants To Reverse-Engineer Germany’s Main Credit-Scoring Algorithm. “As well as asking people for monetary support, OpenSCHUFA wants German citizens to request a copy of their credit record, which they can obtain free of charge from SCHUFA. People can then send the main results — not the full record, and with identifiers removed — to OpenSCHUFA. The project will use the data to try to understand what real-life variables produce good and bad credit scores when fed into the SCHUFA system. Ultimately, the hope is that it will be possible to model, perhaps even reverse-engineer, the underlying algorithm.”