DemystData was part of the key fintech players featured in the latest report from the Center for Financial Inclusion (CFI) at Accion and the Institute of International Finance (IIF) entitled “How Financial Institutions and Fintechs Are Partnering for Inclusion”.
This report examines how partnerships between mainstream financial institutions (e.g., banks, insurers, and payment companies) and fintechs are addressing financial inclusion challenges and harnessing innovation to accelerate inclusive finance. It incorporates insights from 24 in-depth interviews with people at the frontlines of this innovation and highlights 14 partnerships focused on financial inclusion that exemplify best-case scenarios and good practice.
The study showcases DemystData’s work with a large Philippines-based bank to expand credit products to customers with little to no formal credit history. This partnership has helped the bank verify customers in real-time and assess credit risk, all while learning more about how to tap online, social, and external data to make better decisions.
The full report can be found here.
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