Search


	Podcast:		Asia's Developing Future
	Episode:		Stronger credit data systems boost services
	Category:		Government & Organizations
	Duration:		00:03:14
	Publish Date:		2018-11-06 18:00:08
	Description:		Timely and accurate credit information is critical to a well-functioning financial industry and essential for any government to maintain financial stability. About a third of credit bureaus consider only negative data and provide an incomplete, and often inaccurate, assessment of a borrower’s risks. Governments should collect comprehensive data on each level of business in each sector. Data should also be made available to registries and bureaus to improve their abilities in providing public services, creating policy, and conducting statistical analysis, but individuals should be allowed to protect data from others. These comprehensive data, paired with those from other sources, can present an accurate and complete description of an individual so financial services can be better tailored to suit individual needs. Read the policy brief https://www.adb.org/publications/financial-inclusion-digital-age About the authors Shawn Hunter is manager of inclusive finance at the Foundation for Development Cooperation. Valdimir dela Cruz was an associate at ADBI at the time this policy brief was written. David Dole was senior economist at the Asian Development Bank Institute (ADBI). Know more about ADBI’s work https://bit.ly/2QnNCcj https://bit.ly/2SRd6A8
	Total Play:		0