Financial inclusion refers to the process of providing access to relevant financial services for all, in particular to those at the edge of the financial system. Increased financial inclusion for a greater number of people is important for economic growth and poverty alleviation within a country. Traditional methods for credit scoring often miss large populations, … Continue reading Importance of Alternative Credit Scoring within Financial Inclusion
Tag: Financial Institutions
China’s financial institutions report 8.5% growth in total assets
A clerk counts cash at a bank in Nantong, East China’s Jiangsu province. [Photo/IC] BEIJING – Total assets of China’s financial institutions rose to 476.49 trillion yuan ($66.93 trillion) as of the end of March this year, according to data released by the country’s central bank on Thursday. The figure represented a year-on-year increase of … Continue reading China’s financial institutions report 8.5% growth in total assets