Alternative data key to unlocking financial conundrums

Martin Endjala Access to alternative data is the key to unlocking a lot of problems facing the financial sector at the moment. The Head of Africa Regions, TransUnion Africa Thabo Molefe says that the bottom line is that data is the future. “But we must seize the opportunity now If we are able to access a bigger pool of consumer data,” he said. Molefe was of the opinion that access to better data will go a long way towards combating the plague of loan stacking, and even allow institutions to work together to fight the rising tide of digital fraud.…