Girls’s World Banking’s Workshop in Cambodia on Leveraging the Energy of Knowledge for Efficient Credit score Danger Evaluation

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Phnom Penh – Dr. Sonja Kelly, International Vice President for Analysis and Advocacy at Girls’s World Banking, performed a workshop on “Leveraging the Energy of Knowledge for Efficient Credit score Danger Evaluation” for monetary companies suppliers in Cambodia, on the Hyatt Regency in Phnom Penh, on 11 August 2023. This workshop sought to construct the capability of taking part monetary companies suppliers to extend the accuracy of credit score danger assessments for thin-file and under-represented prospects, comparable to low-income ladies, leveraging new and various information. The workshop additionally highlighted the way to keep away from biases to extend inclusivity and attain new markets.

In response to the World Financial institution, two-thirds of Cambodian ladies and men haven’t borrowed from a monetary establishment previously 12 months. With out a formal credit score historical past or collateral, accessing funds for potential debtors might be tough. New information presents options for monetary establishments to foretell the credit score worthiness of those “skinny file” prospects.

Dr. Sonja Kelly, Global Vice President for Research and Advocacy at Women’s World Banking, delivered a workshop on “Leveraging the Power of Data for Effective Credit Risk Assessment” in Phnom Penh, Cambodia, 11 August 2023.
Dr. Sonja Kelly, International Vice President for Analysis and Advocacy at Girls’s World Banking, delivered a workshop on “Leveraging the Energy of Knowledge for Efficient Credit score Danger Evaluation” in Phnom Penh, Cambodia, 11 August 2023.

“Knowledge is the brand new gold. This actuality underscores the potential for lenders to create new alternatives in Cambodia. When well-used, information can get extra credit score to extra ladies extra effectively. The quantity of knowledge that exists on mortgage candidates is greater than it has ever been, and it’s rising. Harnessing the ability of this information for each enterprise and buyer goals means using artistic new information analytics methods and making certain the accuracy of those fashions for under-represented teams,” stated Dr. Kelly.

Dr. Kelly additional said that the subsequent frontier of lending shall be data-driven. Harnessing this information for correct, efficient, and honest credit score scoring means constructing sturdy information science foundations. “As the quantity of knowledge now we have on new buyer segments grows, so ought to our capability to make use of it,” she stated.

On this interactive workshop, Girls’s World Banking shared easy-to-use instruments and approaches for information evaluation to assist monetary companies suppliers establish new enterprise alternatives. At the least 30 executives from outstanding trade gamers, together with WING Financial institution, Acleda Financial institution, Cambodian Public Financial institution, AMK Microfinance Establishment, Phillip Financial institution Cambodia, Hattha Financial institution, and Credit score Bureau Cambodia, attended the workshop.

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