How alternative credit scoring is transforming lending in the developing world

Article source
Devex

Tala, a data science and mobile technology company, is enabling its users in East Africa and Southeast Asia to download an Android application that provides them with a new kind of credit score. The app gathers 10,000 data points for each customer, forms a financial identity for them within five seconds, and then uses mobile money or other payment gateways to send capital their way. Please click here to continue reading this article.