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