Part of the Credit Research Centre Seminar Series.

Thursday 29 April 2021
Tobias Berg, Professor of Finance, Frankfurt School of Finance & Management


We analyse the information content of a digital footprint — that is, information that users leave online simply by accessing or registering on a website; for predicting consumer default.

We show that even simple, easily accessible variables from a digital footprint match the information content of credit bureau scores. A digital footprint complements rather than substitutes for credit bureau information and affects access to credit and reduces default rates. We discuss the implications for financial intermediaries’ business models, access to credit for the unbanked, and the behaviour of consumers, firms, and regulators in the digital sphere.

About the Speaker

Tobias Berg is Professor of Finance at Frankfurt School of Finance & Management. He was previously Assistant Professor of Finance at the University of Bonn and a visiting scholar at the Stern School of Business, New York University (NYU), as well as the European Central Bank.

Tobias Berg works in the area of financial intermediation and corporate finance, and focusses on risk management, bank regulation, and real effects of financial intermediation. His research was published in leading international journals such as the Journal of Finance, Review of Financial Studies, Journal of Financial and Quantitative Analysis, and he has presented at conferences hosted by the American Finance Association (AFA), Western Finance Association (WFA), and European Finance Association (EFA).

He has won several best paper awards for his work, was ranked among the Top 10 economists in Germany in 2019, and has received the Review of Financial Studies Distinguished Referee Award in 2019. He teaches financial intermediation, corporate finance, and asset pricing and has won a best teaching award for a master course in corporate finance.