Financial Consumer Protection and New Forms of Data Processing Beyond Credit Reporting

New sources of data, as well as new ways of processing such data, have contributed to an ongoing expansion in the availability of digital financial services (DFS) to served, underserved, and unserved consumers. Such data is being used to design and...

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Bibliographic Details
Main Author:	World Bank Group
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2018
Subjects:	CONSUMER PROTECTION DATA PRIVACY DATA PROTECTION FINANCIAL SERVICES BIG DATA E-SECURITY DISCRIMINATION
Online Access:	http://documents.worldbank.org/curated/en/677281542207403561/Financial-Consumer-Protection-and-New-Forms-of-Data-Processing-Beyond-Credit-Reporting http://hdl.handle.net/10986/31009

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recordtype	oai_dc
spelling	okr-10986-310092021-05-25T09:20:16Z Financial Consumer Protection and New Forms of Data Processing Beyond Credit Reporting World Bank Group CONSUMER PROTECTION DATA PRIVACY DATA PROTECTION FINANCIAL SERVICES BIG DATA E-SECURITY DISCRIMINATION New sources of data, as well as new ways of processing such data, have contributed to an ongoing expansion in the availability of digital financial services (DFS) to served, underserved, and unserved consumers. Such data is being used to design and market customer-centric digital financial services, create credit scores for consumers with limited credit histories, meet and facilitate know-your-customer requirements, and minimize the risk of fraud. Yet a great variety of personal information may be used and processed in this context. This discussion note provides an overview of consumer-related benefits and risks arising from the usage of new types of data, beyond traditional credit-reporting frameworks. The note also identifies areas for further research. 2018-12-18T20:20:45Z 2018-12-18T20:20:45Z 2018-11 Working Paper http://documents.worldbank.org/curated/en/677281542207403561/Financial-Consumer-Protection-and-New-Forms-of-Data-Processing-Beyond-Credit-Reporting http://hdl.handle.net/10986/31009 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research :: Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	CONSUMER PROTECTION DATA PRIVACY DATA PROTECTION FINANCIAL SERVICES BIG DATA E-SECURITY DISCRIMINATION
spellingShingle	CONSUMER PROTECTION DATA PRIVACY DATA PROTECTION FINANCIAL SERVICES BIG DATA E-SECURITY DISCRIMINATION World Bank Group Financial Consumer Protection and New Forms of Data Processing Beyond Credit Reporting
description	New sources of data, as well as new ways of processing such data, have contributed to an ongoing expansion in the availability of digital financial services (DFS) to served, underserved, and unserved consumers. Such data is being used to design and market customer-centric digital financial services, create credit scores for consumers with limited credit histories, meet and facilitate know-your-customer requirements, and minimize the risk of fraud. Yet a great variety of personal information may be used and processed in this context. This discussion note provides an overview of consumer-related benefits and risks arising from the usage of new types of data, beyond traditional credit-reporting frameworks. The note also identifies areas for further research.
format	Working Paper
author	World Bank Group
author_facet	World Bank Group
author_sort	World Bank Group
title	Financial Consumer Protection and New Forms of Data Processing Beyond Credit Reporting
title_short	Financial Consumer Protection and New Forms of Data Processing Beyond Credit Reporting
title_full	Financial Consumer Protection and New Forms of Data Processing Beyond Credit Reporting
title_fullStr	Financial Consumer Protection and New Forms of Data Processing Beyond Credit Reporting
title_full_unstemmed	Financial Consumer Protection and New Forms of Data Processing Beyond Credit Reporting
title_sort	financial consumer protection and new forms of data processing beyond credit reporting
publisher	World Bank, Washington, DC
publishDate	2018
url	http://documents.worldbank.org/curated/en/677281542207403561/Financial-Consumer-Protection-and-New-Forms-of-Data-Processing-Beyond-Credit-Reporting http://hdl.handle.net/10986/31009
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Financial Consumer Protection and New Forms of Data Processing Beyond Credit Reporting

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