Live Webinar Preview: Financial Inclusion Efforts to Reduce the World’s Underbanked Population

An estimated 2.6 billion people around the world live with out regular access to banking services, hindering their ability to plan for the future, obtain credit or start a business. Access to formal financial resources is also a major challenge for refugees and similar groups. Read more about Zilient.org’s webinar designed to help broaden financial inclusion for the world’s underbanked population. Continue reading Live Webinar Preview: Financial Inclusion Efforts to Reduce the World’s Underbanked Population

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