Many individuals around the globe lack a traditional credit history. It’s estimated that nearly 80 percent of adults worldwide are either underbanked or unbanked. Without acknowledging this and taking the requisite action, the industry will remain prejudicial and oppressive by default. But a desire to change must be paired with the capacity to push credit decisioning to the edge.

In this Financial IT article, Kathy Stares, Executive Vice President, North America for Provenir, shares her observations on how lenders can overcome bias, ensure equal access to credit – even for those without formal credit histories – without sacrificing their risk strategy.