eKYC for Microfinance Microfinance plays a crucial role in fostering financial inclusion by providing small loans and banking services to underserved communities. However, traditional onboarding processes often involve lengthy paperwork, high administrative costs, and security concerns, making it difficult for…
Big Data and Credit Scoring: Enhancing Financial Inclusion in Indonesia
Financial inclusion remains a significant challenge in Indonesia, with nearly 50% of the population lacking access to banking services or loans. Many individuals and small businesses in Indonesia do not have a credit history that can be evaluated by traditional…
The Future of Credit Scoring in Financial Inclusion
Access to credit is a cornerstone of financial empowerment, enabling individuals to start businesses, invest in education, and achieve personal goals. However, for many, especially in underserved communities, traditional credit scoring systems remain a significant barrier. Credit scoring plays a…