What is Big Data, Small Credit?
The Digital Revolution and its Impact on Emerging Market Consumers
In this Omidyar Network Learning Series video, we explain a new cadre of technology companies that are disrupting the credit scoring business in emerging markets. Using non-financial data — such as social media activity and mobile phone usage patterns — complex algorithms and big data analytics are forever changing the economics of how we identify, score, and underwrite credit to middle- and low-income consumers who have been invisible to lenders until now because they lack a formal credit history. “Big Data, Small Credit” looks into the challenges ahead of these new businesses and their potential impact in helping pave the way to full financial inclusion for hundreds of millions of people around the world.