“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.

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