MicroMoney-credit bureau and Big Data-platform based on the block
Despite the fact that banking services are an integral part of everyone's life, up to the present day, people refuse to use formal financial services to accumulate funds or obtain a loan. According to statistics, in 2017 the number of people who do not use banking services amounted to 2 billion people, in turn, in 2010 2.5 billion. The decline is certainly noticeable, but, it does not particularly affect the situation in the market. https://www.micromoney.io/
People because of the lack of credit history, are forced to abandon banking services, tk banks according to their internal rules, refuse to accept applications from these people. What are they left to do, how to take loans from their relatives or become involved in cash.
Most residents of developing countries do not have access to banking services, but they are distinguished by a high level of penetration of the Internet and mobile services. For example, in Africa with a population of 1.1 billion people, 80% of the total population do not have bank accounts, but 63 out of 100 people use mobile phones. India is by far the fastest growing Internet market. Growth in 2015 in India reached 51.9%, in spite of this in terms of the number of banking services, India occupies the 7th place.
The company MicroMoney, strives to make banking services available to everyone. To address the current problems of this market, the company offers an alternative to existing banking services. The main idea is to implement the crypto economy.
MicroMoney, is an open credit bureau and a big data platform that can help find customers for banks and other financial institutions. To access the services of MicroMoney, the client will need only the Internet and a smartphone. The check of the client's solvency is carried out at the expense of the scoring system.
With the help of the MicroMoney platform, the company plans to solve the problems of overcoming poverty by providing individuals with access to banking services. The platform can also help entrepreneurs who have been denied banking services.
The company MicroMoney was founded in 2015 and for two years of its existence, developers of the platform have created a unique technology for assessing creditworthiness and expanded the number of partners. MicroMoney already has 95,000 registered customers, 90% of whom have borrowed for the first time.
For more detailed information about the project and the terms of participation, I recommend to visit the links below:
WEB page: https: //www.micromoney.io/
White paper: https://www.micromoney.io/wp/Micromoney_whitepaper_EN.pdf
Author: https://bitcointalk.org/index.php?action=profile;u=1047035
