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Press release: Experian: 78 percent of lenders believe alternative credit data improves financial inclusion
First-ever State of Alternative Credit Data report says lenders believe factoring in alternative credit data allows greater access to credit, consumers willing to provide additional information if it increases chances of approval or better terms
- Region
- North America
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Behavioural Nudges: Mildly Paternalistic or a Threat to Economic Justice for the Poor?
"Nudges” – ie: the use of behavioral science insights to steer human behavior – are increasingly seen as a cheap and effective way to achieve social goals. But according to social researcher Sally Brooks, there are some troubling questions about whether the use of nudges for business purposes is good for the poor. She explores the issue through the prism of digital financial inclusion in the era of fintech and big data.
- Categories
- Inclusive Fintech, Investing
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Vikram Pandit’s PE firm invests $100 million into financial inclusion credit card
Fair Square Financial has received a $100 million equity investment from the Orogen Group to fund a credit card designed for underserved U.S. consumer segments.
- Categories
- Inclusive Fintech
- Region
- North America
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Visa and FICO rewrite their playbooks to go after global unbanked
Across the globe, many different populations have distinct reasons for being unbanked. To reach these audiences, mainstream financial companies are discovering approaches that wouldn't be possible in the U.S.
- Categories
- Inclusive Fintech
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How mobile loan platforms have lured Kenyans into debt trap
Just as a sluggish economy in which exports have underperformed has forced Kenya to arrange for another credit to settle a loan that was maturing, tough economic times such as poor business performance, lay-offs, or delayed salary have seen digital borrowers struggle to repay their loans.
- Categories
- Inclusive Fintech
- Region
- Sub-Saharan Africa
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Extending access to credit: Are alternate finance platforms creating tangible impact in India?
Having recently been brought under the regulatory ambit by the Reserve Bank of India (RBI), the thought was that the nascent online P2P lending sector can play a significant contribution towards furthering the cause of financial inclusion.
- Categories
- Inclusive Fintech
- Region
- South Asia
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Press release: Financial Solutions Lab Launches $3 Million Year-Four Competition to Support the Financial Health of Underrepresented Communities
Given the diversity of Americans who struggle with financial health, in this year’s Challenge, the Lab is particularly interested in products developed by entrepreneurs of color, women and people with disabilities, and designed to meet the financial needs of often overlooked populations.
- Categories
- Entrepreneurship, Inclusive Fintech
- Region
- North America
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From Haiti to China: 5 Pilots Begin to Reveal Digital Credit’s Uneven Impact
Demand for digital credit is growing in emerging markets, sparking opportunities for providers – and critical questions about its impact on low-income borrowers. CEGA's Digital Credit Observatory awarded five short-term pilot grants to studies in Haiti, the Dominican Republic, India and China, which provided some intriguing answers. Alexandra Wall, Natasha Beale and Carson Christiano of CEGA explore some of the studies' takeaways.
- Categories
- Impact Assessment, Inclusive Fintech
- Tags
- banking, Base of the Pyramid, credit, digital finance, digital payments, entrepreneurship, financial inclusion, financial innovation, financial services, fintech, healthcare technology, lending, microcredit, microfinance, mobile banking, mobile finance, mobile money, mobile phones, poverty alleviation, Women
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