Embracing Data for Credit Assessment

The article argues that traditional credit assessment methods in Nigeria often unfairly label informal workers as high-risk. It suggests that lenders should leverage AI and alternative data to better evaluate the creditworthiness of individuals outside the formal banking sector.
Why it matters
Improving credit access for informal workers can significantly boost financial inclusion and economic growth in developing markets.
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The article presents a professional thesis on financial technology without taking a partisan political stance.
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