CHEQUING OUT
Supporting a healthy global economy
With the abundance of data available , its crucial for credit bureaus to work with FinTechs to enable wider access to finance for disadvantaged groups . On an individual level , having a strong credit score is crucial for many reasons but above all it enables individuals to secure housing , financing , utilities and even phone plans . Closing the gender lending gap will allow more women in particular to have access to capital to do all of these basic things as well as launch and grow businesses , creating jobs and boosting the local economy .
Financial inclusion also goes beyond empowering individuals ; it is the bedrock of a healthy economy . In today ’ s climate , with rising inflation and global economic uncertainty , countries need strong foundations to protect their economies . By expanding access to finance governments , banks and lenders can support and encourage local participation in the economy which in turn fuels broader and more resilient economic growth , benefitting entire regions and nations . � www . intelligentfin . tech
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