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Fintech Forum: Digital Credit

Digital credit is the next great frontier for financial inclusion as mobile money coupled with big data analytics is offering unprecedented access to credit.

This round of the Fintech Forum looks at three recent articles that herald the scale, potential, and impact of digital credit but caution against the risks it poses to the consumer as well as the risk of unfettered growth leading us to another credit crisis and looming bubble.

There are numerous opportunities to leverage open standards and open platforms to enable more tailored product innovation, greater access and control of data to consumers, as well as better transparency. Already, a number of innovative fintech companies like Mines.io and RuPie are heeding our motto of Build Apps, Not Infrastructure using Mifos X and Apache Fineract as the banking core to power their digital credit solutions.

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Mifos wants to Hear your Voice

We’ve recently published our listing in the CGAP Software Listings Product Dashboard – the microfinance industry’s centralized place to learn about all the management information systems available for microfinance.Check out our listing for screenshots and an overview of the Mifos functionality. Our full review will be published in January 2010 as part of the second round of CGAP Software reviews.

We’ve also launched UserVoice for Mifos – a tool to collect feedback on our product and our community – send us your ideas now!

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