CRIF talks about financial inclusion in the latest Fintech Committee organized by AMFE

CRIF LAC presented updated figures regarding the credit situation in Mexico, percentages of the population with credit access divided by municipality and by state, concentration of people with credit history in these locations, and percentages of people with no credit history at all, including ratios of people with history and bad history. All this information to highlight the importance to work towards a bigger and wider financial inclusion. CRIF also presented its latest BC No Hit Score development as a tool to start granting credit to all these population that has limited access to credit.

Online lenders are currently the only credit grantors in Mexico that are welcoming people with no history into their portfolio, but with a small and limited amount of credit, making no distinction among this population and scoring everyone the same. With the BC No Hit Score, they will have a better knowledge to predict probability of default by their prospects that fall in this category, and make better credit decisions.