Data is key to revolutionising the credit market
Thursday, June 29, 2023 | 90 Views |
Sharing wisdom: Molefe
Gone are the days of one-size-fits-all approaches, as the abundance of data offers opportunity for consumers and the credit market to thrive.
This transformative shift empowers individuals with tailored financial solutions, while enabling lenders to make more informed and accurate decisions.
That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...