Business News Correspondent | Asharq Business with Bloomberg
With the increasing adoption and integration of digital wallets driving innovation in the financial sector, it is crucial to contemplate the potential for enhanced accessibility and connectivity across the global payments network.
As digital wallets become an integral part of the modern financial ecosystem, various providers are entering the market with unique approaches. From super apps and banks to telecom companies and supermarket chains, the diversity of digital wallet solutions is reshaping the way consumers manage their finances. This panel brings together executives from leading digital wallet providers to discuss the current landscape, innovative strategies, and the future implications for consumers and the financial industry.
Through the introduction of new API-based fintech tools capable of extracting alternative data like cash flow information and utility bills, lenders gain a more comprehensive understanding of a borrower’s financial well-being. This enables them to make quicker and more informed decisions when assessing and evaluating credit applications. In this session we will be examining alternative fintech tools and methods to credit scoring that can be used to determine a customer’s credit worthiness when applying for credit.
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