Economics, Econometrics and Finance
6 years ago

New data processing shapes digital financial services for all consumers.

World Bank, Washington, DC eBooks
Financial Consumer Protection and New Forms of Data Processing Beyond Credit Reporting

Paper Summary

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New types of data and processing methods are expanding digital financial services for consumers. This includes creating credit scores for those with limited credit history and preventing fraud. However, using various personal information poses both benefits and risks. Further research is needed to understand these implications.