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Results for "Financial Inclusion"

UAE Etihad Credit Bureau expands credit reports to add non-banking data - Gulf News

Gulf News · Mar 30

The UAE's Etihad Credit Bureau (ECB) has announced an expansion of its credit reports to include non-banking data. This initiative aims to provide a more comprehensive view of an individual's financial behavior beyond traditional banking transactions. The additional data points are expected to enhance creditworthiness assessments for financial institutions. Why it matters: This move is significant for strengthening the UAE's financial infrastructure, promoting financial inclusion for individuals with limited traditional credit histories, and improving risk assessment for lenders across the country.

AI in fintech: Bridging the financial divide, not widening it - Gulf Business

The National · Apr 9

The article discusses the transformative potential of Artificial Intelligence in the fintech sector across the Middle East. It highlights how AI can bridge the financial divide by enhancing accessibility, personalization, and efficiency in financial services. Key applications include improved credit scoring, fraud detection, personalized financial advice, and automated customer service. Why it matters: This trend is crucial for fostering financial inclusion and economic growth in a region with diverse economic landscapes and varying access to traditional banking services.