4th Regional CIS Conference Report
The explosion of mobile lending is severely limiting human interaction, and causing social apprehensions (such as over-indebtedness) and data protection concerns. On the other hand, the emerging disruptions are successfully promoting a cashlight economy and challenging traditional approaches to KYC, probability of default, and changing the dynamics of access to finance. On their part, risk managers are inquisitive about effectiveness of emerging risk assessment models and their integration with traditional scoring methodologies while policy makers are concerned about implications on consumer protection and financial sector stability. The 4th CIS Regional Conference was organised to shed light on some of these issues in the context of complementarity between digital lending scorecards and credit bureau scoring models. It also gave practitioners from other parts of the world an opportunity to learn from Kenya the impact on financial access, risks and risk mitigants as well as policy responses to the fintech disruption in East Africa.