The FinTech Revolution Will Likely be Missed Out by Those With Debt Problems

Those with debt problems may miss out on FinTech innovations, according to new research. Credit scores can significantly impact one's ability to engage with these innovations.

The Research

Analysis shows people in debt recovery use fewer digital financial services. This is concerning, as the impact of a bad credit score can further entrench financial difficulties.

Digital Divide

Credit scores and financial history can limit access to innovative FinTech services. Understanding why identity checking is important can help individuals navigate these challenges.

Conclusion

Ensuring financial inclusion in the FinTech revolution requires addressing access barriers.