Access to credit in emerging markets is impeded by issues around identity verification, risk assessment and monitoring, and the costs of underwriting and collections. At the core of it all is a lack of data. Amit Das explains how accessing alternate data, real-time risk monitoring and data access solutions, and smart analytics is changing the lending landscape in India.
As the share of digital payments increases so does payment fraud, which has almost tripled between 2013 and 2016. Markus Kirchberg explains how recent advances in AI and machine learning, decision sciences, and network sciences are driving the development of next-generation payment fraud capabilities for fraud scoring, deceptive merchant detection, and merchant compromise detection.