Informed Consent: How Do We Make It Work for Mobile Credit Scoring

This paper seeks to determine what consumers understand about their mobile data, and how it is being used by financial service providers. It emphasizes on developing consumer-friendly approaches to any rules on data storing and usage that promote protection while enabling innovations that hold promise of expanding access to appropriate financial services for the unbanked. The research methods and findings of this paper have important implications for the appropriate and responsible use of consumer’s mobile records for financial inclusion globally.