AI-based credit scores will soon give one billion people access to banking services
AI-based credit scores will soon give one billion people access to banking services
- October 9, 2018
- Stephen Rea, IMTFI, via MarketWatch, Oct. 9, 2018
-----
“In the abstract, having access to credit is better than not having access to credit
and certainly better than having access to really predatory credit at extremely high
interest rates,” said Stephen Rea, a fellow at the Institute for Money, Technology,
and Financial Inclusion at the University of California, Irvine. Still, he cautions
that while increased credit access has the potential to meaningfully improve the standard
of living in emerging markets, companies and consumers must tread carefully.
For the full story, please visit https://www.marketwatch.com/story/ai-based-credit-scores-will-soon-give-one-billion-people-access-to-banking-services-2018-10-09.
-----
Would you like to get more involved with the social sciences? Email us at communications@socsci.uci.edu to connect.
Share on:
Related News Items
- Careet RightPicturing financial security
- Careet RightTelling financial stories through photovoice
- Careet RightWomen leading the blockchain revolution: "Jump in and don't hesitate" With Heidi Pease and Tyler Gallagher
- Careet Right"Capitalism is so much easier!" Learning savings through playing a board game
- Careet RightICA debunks link between cash and crime