How Data is Changing Credit
How Data is Changing Credit Michael Schlein, President & CEO, Accion Michael Schlein, President & CEO, Accion Around the world, two billion people lack access to formal financial services. There’s no single cause for this widespread and significant problem, nor is there a single way to address it. But there are new trends in data, analytics, and mobile phones that we can use to remove some of the impediments preventing people from accessing and using formal financial services–particularly credit. In many cases, the principal barrier preventing applicants from borrowing i...
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