The Vital Role of Financial Inclusion Financial inclusion is the key to building a strong and growing economy. Ensuring everyone has access to financial services and products, no matter who they are or where they come from is crucial for building a strong and thriving economy. There are a ton of people out there who… Continue reading Alternative Data: Building a More Inclusive Financial System
Tag: alternative data
Lending without a credit history: Empowering borrowers.
In the realm of credit history, traditional data often overlooks credit invisibles, underserved individuals, and new borrowers who are in dire need of financial products. Additionally, the extraction of traditional credit data poses challenges, making it arduous for financial institutions to extend credit to the unbanked population. This raises a crucial question: How can we… Continue reading Lending without a credit history: Empowering borrowers.
How Alternative data can help lenders in reducing financial risk?
Over the years, an individual’s or even an organization’s creditworthiness is defined by their credit score.