Digital-identity push opens new market for lenders
Better verification could finally make small-ticket lending economic at scale.
Advances in digital identity verification are lowering the cost of reaching customers who were previously uneconomic to serve.
Lenders say the technology improves both fraud detection and the speed of onboarding.
From pilot to scale
The test will be whether the economics hold once the products move from pilot programmes to mass-market distribution.
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Chinedu Nwosu
Technology Editor
Chinedu Nwosu writes for BusinessPress.
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