Remove Assessments Remove Participant Remove Underserved
article thumbnail

Qist Bazaar Raises US$3.2 Million Series A from Indus Valley Capital and Gobi Partners to Revolutionize BNPL in Pakistan

Fintech Finance

The round was led by Indus Valley Capital, with participation from Gobi Partners, a prominent Asia-focused venture capital firm with US$1.6 With a clear path to scale by serving historically underserved users in Pakistan, Qist Bazaar is well-positioned to replicate the growth stories we’ve witnessed across the region.”

BNPL 104
article thumbnail

A New Way to Score Credit Risk – Psychometric Assessments

FICO

What they’re doing is participating in a new type of psychometric credit scoring that could expand credit in markets worldwide. The EFL credit risk score is created through a dynamic behavioral design and psychometric assessment that analyzes character traits with a proven relationship to credit risk.

article thumbnail

Fintech Solutions for Financial Inclusion in Emerging Markets

Fintech Review

Fintech companies are now focusing on these underserved populations, aiming to break down financial barriers with innovative digital solutions. Companies like Tala and Kiva use alternative data sources to assess creditworthiness. This can trap entire communities in cycles of poverty.

article thumbnail

Home Credit China Cuts Risk by 25 Percent on Thin File Loans

FICO

“By overcoming the information limitations of traditional scoring and utilizing the FICO Score to optimize risk assessment, Home Credit has created a successful credit scoring model and, in the process, provided lending to underserved consumers.”. They are one of our most sophisticated clients in terms of advanced analytics.”.

Risk 97
article thumbnail

Fast-Growing Neobank Lupiya Partners with Network International to Launch Card Product

Fintech Finance

Offering microloans to underserved populations, Lupiya has played a pioneering role in bridging this gap. There’s also a prevailing gender finance gap, with women struggling to access financial products and services from regulated providers.

Product 98
article thumbnail

SFF 2024 Awards Highlights Fintech Innovation with Updated Categories, New AI Focus

Fintech News

Finalists in the corporate categories were evaluated based on impact, sustainability, practicality, interoperability, and creativity, while individual submissions were assessed on contributions to the Singapore fintech sector. Four finalists were shortlisted in each category.

AI 91
article thumbnail

HSBC Now Accepts Overseas Credit History, But Why is Financial Inclusion Seeing so few Advancements?

The Fintech Times

“With over 20 million underserved adults in the UK, it’s time to rethink access barriers. Through collaboration with policymakers, we can build a financial ecosystem that empowers all consumers, ensuring they can access financial solutions that allow them to participate fully in the economy.”