On March 2th, AFRICA FINANCIAL INDUSTRY SUMMIT – AFIS hosted a #webinar on the following topic : Alternative credit scoring in Africa : A new hope for financial inclusion ?
📝 The Key points were the following :
– Reliability: Which novel metrics based on mobile and web behaviours offer the most promise to determine creditworthiness and default risk?
– How should Africa’s regulators adapt to protect data privacy and confidentiality?
– What steps should traditional financial institutions take to incorporate alternative credit scoring?
🗣A panel of #fintechs, #banks and #regulators discussed whether personality tests, mobile wallet behaviors and social media connections can truly replace credit bureau scores where limited credit histories exist.
