In today’s global economic climate, financial inclusion is more critical than ever. Economic uncertainties and the digital transformation of financial services underscore the importance of inclusive financial systems. Financial Inclusion Score addresses this need by opening new doors for those previously underserved by traditional financial systems, fostering growth and opportunity.
“Financial inclusion is not just about access to credit, it’s about creating opportunities and enabling economic participation for everyone. Our Financial Inclusion Score is a pivotal step towards achieving this goal,” said Carey Anderson, CEO and Founder at 1datapipe.
Since its inception in 2023, he added, this innovative solution has transformed the financial landscape in Brazil and Indonesia, empowering individuals and businesses by driving financial inclusion and democratizing access to financial services.
“Building on this success, we are now expanding our reach to Thailand, Mexico, the Philippines, Malaysia, and Vietnam.”
The Financial Inclusion Score is an advanced solution designed to offer a comprehensive assessment of financial inclusion, tailored to the unique dynamics of each market. This score leverages an extensive array of data sources, including alternative data such as mobile phone usage, utility payments, and social media activity.
“By incorporating these diverse data points, we create a holistic view of an individual’s financial behavior and potential, providing a more accurate risk assessment for those often overlooked by traditional credit scoring systems. Our score is particularly beneficial for underserved and informal worker populations who lack formal credit histories.”
Globally, 1.7 billion people remain unbanked, with a significant portion in emerging markets such as Africa, Latin America, and parts of Asia. Additionally, many individuals are underbanked, having limited access to financial services. In the Asia-Pacific region alone, financial inclusion efforts have identified a $79 billion opportunity for personal banking services. Financial Inclusion Score aims to integrate these individuals into the financial system, offering them access to credit and other financial services that were previously out of reach.
“Our Financial Inclusion Score brings financial services to those who have been excluded for too long. By leveraging alternative data, we are unlocking opportunities for millions and driving economic growth in emerging markets.”
The key benefits include empowering millions of traditionally underserved individuals by providing access to financial services, driving economic growth in emerging markets by including informal workers and underserved populations, and setting new standards in financial technology through data-driven insights to enhance financial inclusion.
By partnering with 1datapipe to offer the Financial Inclusion Score, said Carey, can significantly benefit the business.
“By integrating our innovative score with your current solutions, you can drive more bottom-line revenue, diversify your offerings, and add additional revenue streams to your business model. This partnership allows you to provide comprehensive and inclusive financial services, helping to serve informal workers and underserved populations more effectively.”
By leveraging advanced AI technologies, 1datapipe delivers unparalleled insights and drive strategic growth for financial institutions worldwide.
“Together, we can enhance financial services, making them more inclusive and accessible across global markets.”
