-
Experian and FinScore to Raise Financial Inclusion in the Philippines via Alternative Credit Scoring
Experian, the world leader in information services, has partnered with FinScore, the pioneer in delivering telco data credit scoring to the unbanked and underbanked populations in the Philippines.
- Categories
- Finance
- Region
- South Asia
-
Indian Fintech Helps Millenials With Managing Credit Scores, Acquires $6 Million in Capital
Slice, a Fintech company that provides various card-based products to young people in India to help manage their credit scores, has secured $6 million in capital via a round led by Japanese venture capital firm, Gunosy.
- Categories
- Finance, Investing, Technology
- Region
- Asia Pacific
- Tags
- credit scoring, fintech
-
How Do Consumers React to Psychometric-Based Credit Scoring?
Nearly 50 million Americans and literally billions more around the world have limited access to affordable credit – primarily due to a lack of credit histories. What's worse, many of these underbanked individuals are actually in decent financial standing – they simply do not have sufficiently mature credit scores. Psychometric (ie: personality-based) credit scores can address this issue – but how do customers feel about it? Saul Fine at Innovative Assessments shares results from recent surveys that aim to answer that question.
- Categories
- Finance, Technology
-
Fintech Company CredoLab Set to Drive Financial Inclusion in South Africa
Using this non-traditional data and predictive analytics for credit scoring enables lenders to expand their pool of borrowers while keeping risks under control.
- Categories
- Finance
- Region
- Sub-Saharan Africa
-
Singapore’s CredoLab to Power Digital Financial Inclusion in Sub-Saharan Africa
CredoLab’s alternative credit scoring solution comes at a critical juncture in the region’s focus on financial inclusion.
- Categories
- Finance
- Region
- Asia Pacific
-
Don’t Fear the Algorithm: The Risks and Benefits Of Machine Learning in Finance
Billions of people around the world lack access to basic financial services, and far too many promising entrepreneurs are deprived of financial opportunities simply because they don’t have a credit history. As JUMO founder and CEO Andrew Watkins-Ball sees it, this lack of access is fundamentally a technology problem – and machine learning can help solve it. But algorithm-assisted banking is not without risks: Watkins-Ball discusses its benefits and downsides, and how it's powering JUMO's work in Africa and Asia.
- Categories
- Finance, Technology
-
The Promise of Psychometric-Based Credit Scoring in Financial Inclusion
Many lenders are using alternative data to improve their credit models and better serve the underbanked. But though this data is usually finance related, non-financial data can also be uniquely useful in reaching new customers, says Innovative Assessments CEO Saul Fine. He explores how psychometric testing can provide insights into the personal character traits that define reliable borrowers, and how this can help lenders maintain good loan performance – while serving customers whose traditional credit histories might otherwise exclude them.
- Categories
- Finance
-
A Peter Thiel-Backed Credit Card Company That Caters to People with Little to No Credit Just Raised $30 Million
Peter Thiel has doubled down on his investment in a credit card company geared towards people that might typically be turned down by traditional banks.
- Categories
- Finance, Technology