What was the last innovation in banking?

Hi, the idea seems interesting. A few questions that popped up -

  1. Which demographic do you plan to target exactly? The article seemed a bit vague regarding this.
  2. What sort of data have you thought about using if it’s a fragmented demographic like rural, since official paperwork, as you rightly mentioned, would be lacking there?
  3. The targets of the credit scoring algos also seem to include typical Microfinance customers (eg. Kirana store owners), so is the plan to cater more to MFIs or banks?
  4. Would credit scoring, in your opinion, be a good complement/value addition to the Microfinance business models?

Would be interesting to have another perspective on this.


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