article thumbnail

Lune: Artificial Intelligence Key to Unlocking Financial Inclusion

The Fintech Times

Financial inclusion is a critical issue, but simply providing access to financial products isn’t enough. True inclusion requires financial literacy, empowering individuals to make informed decisions. per cent of US families netting between $35,000 to $49,999 annually.

article thumbnail

Ant International and Dock Are Improving Financial Inclusion in Brazil With AI-Driven Credit Tech

The Fintech Times

In a move to empower local partners and advance financial inclusions, Ant International will enhance the credit management capability and infrastructure efficiency for Dock clients, comprising of financial institutions, retailers, and fintech start-ups.

article thumbnail

Financial Inclusion and the Rise of QR Payments in Asia

The Fintech Times

Asia, a region known for its economic diversity, ranging from wealthy nations like Singapore, Japan, and South Korea to emerging powerhouses like China and India, has demonstrated notable unity in embracing financial inclusion. However, as of 2022, about 70 per cent of hawker food vendors have adopted digital payments.

article thumbnail

Payments Innovation in Indonesia to Drive Economic Growth and Financial Inclusion

Fintech News

The figure represents a 10% increase from US$286 billion GTV in 2022, the data show. This infrastructure, which was launched in 2019, has considerably helped boost digital payment usage, with Doku reporting a fourfold increase in e-money transactions on its platform in 2022, compared with 2021. year-over-year (YoY), reaching 10.3

article thumbnail

Financial Inclusion Using Analytics

FICO

Financial Inclusion Using Analytics. Mon, 02/21/2022 - 07:59. Fri, 07/15/2022 - 08:15. Plus, it means going beyond the FICO® Scores based on traditional data, so we've also developed scores utilizing new alternative data sources that are specifically designed for financial inclusion. Saxon Shirley.

article thumbnail

Skyro Partners with ADVANCE.AI to Boost Financial Inclusion in the Philippines

The Fintech Times

The partnership will focus on promoting financial inclusion and enhancing security measures not only in the Philippines but throughout the region. It will look to redefine the user onboarding experience and strengthen security measures, in response to significant fraud-related financial losses among Filipinos. .

article thumbnail

Pakistan Launches Payment System To Boost Financial Inclusion

PYMNTS

Pakistan has debuted a government-run instant digital payment system to help with financial inclusion and government revenue, Reuters reports. The new system is called "Raast," or "direct way," and will be rolled out in three phases culminating in early 2022, according to the news outlet.