Data has always been an essential element of financial service delivery. There is a sharp increase in the data being generated and the speed with which it is made available. Digital channels help bring together data from different sources, analyze patterns across numerous and seemingly disparate variables, helping infer something useful about an individual’s financial habits, cash flows, and other aspects of behavior. This changes financial service delivery in several important ways.
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Hype or Hope? Implications of Big Data for Financial Inclusion
Sep 04, 2014