Outdated system capabilities, limited access to data and outdated decisioning engines make it difficult for many financial institutions to implement advanced credit models to gain a holistic view of the consumer and help make more equitable credit decisions.

Financial institutions will increasingly depend on data as the go-to solution to accelerate innovation and create opportunities. In this article in Financial CIO, Bharath Vellore, General Manager of Asia-Pacific at Provenir, discussed the role Data-as-a-Service (DaaS) plays in opening doors to improve credit decisioning and ensure financial inclusivity, through efforts to bank the unbanked in Southeast Asia.