The Big Data Credit Revolution in Frontier Markets

              Startup-driven development In frontier markets, gaining access to finance has traditionally been a hindrance for most consumers. Perceived as not being credit-worthy, they are ignored by formal lending institutions and have to rely on other, non-formal, sources of credit. A rapid change is underway, however, due to technological advances that allow credit firms to analyze non-financial data to identify credit-worthy consumers that were previously invisible in the system.¬†Interestingly, startups are driving the development of big data models and algorithms for mobile banking. By mining data on mobile networks, they are able to drive … Continue reading The Big Data Credit Revolution in Frontier Markets