📢Day 7/100: Tackling Data Availability in Ethiopia
Building a credit scoring model in Ethiopia has challenges, especially regarding data. 📊
Key hurdles I’m exploring:
1️⃣ Data scarcity: Formal credit histories are rare, but eCommerce and mobile money data offer untapped potential.
2️⃣ Local partnerships: Collaborating with fintechs to access anonymized transaction data.
3️⃣ Privacy compliance: Ensuring data protection laws are adhered to while innovating responsibly.
💡 Question of the day: Are there alternative sources of financial data that have worked well in other emerging markets?
#DataChallenges #Ethiopia #FintechInnovation #AlternativeData #PrivacyByDesign
Building a credit scoring model in Ethiopia has challenges, especially regarding data. 📊
Key hurdles I’m exploring:
1️⃣ Data scarcity: Formal credit histories are rare, but eCommerce and mobile money data offer untapped potential.
2️⃣ Local partnerships: Collaborating with fintechs to access anonymized transaction data.
3️⃣ Privacy compliance: Ensuring data protection laws are adhered to while innovating responsibly.
💡 Question of the day: Are there alternative sources of financial data that have worked well in other emerging markets?
#DataChallenges #Ethiopia #FintechInnovation #AlternativeData #PrivacyByDesign