Since 2019, patients in the UK have been able to book GP appointments through the myGP app, which now has more than two million users. The company behind myGP, iPlato Healthcare, entered America’s much larger healthcare market seven years ago, but its US operations have struggled to grow, and account for less than 2 per cent of its overall revenue. The reason for this is that
How Data is Changing Credit Michael Schlein, President & CEO, Accion
Michael Schlein, President & CEO, Accion
Around the world, two billion people lack access to formal financial services. There’s no single cause for this widespread and significant problem, nor is there a single way to address it. But there are new trends in data, analytics, and mobile phones that we can use to remove some of the impediments preventing people from accessing and using formal financial services–particularly credit.
In many cases, the principal barrier preventing applicants from borrowing is a fundamental lack of information about the customers themselves. Lenders reject potentially creditworthy applicants because they don’t have the detailed financial profiles that banks rely on in underwriting. These “thin-file” applicants–including first-time borrowers, legal migrants, and young adults–might be excellent customers, but lenders typically pass on them because they�
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