BIG DATA IN INCLUSIVE FINANCE AND FINANCIAL ECOSYSTEMS CHALLENGES AND FUTURE DIRECTIONS
Keywords:
Big data, Inclusive finance, Fintech, Alternative credit assessment, Identity verificationAbstract
With the explosive growth of data volume in the financial sector, big data technologies are transforming the accessibility and inclusiveness of financial services, particularly for populations traditionally excluded from formal financial systems. This paper analyzes how big data facilitates financial inclusion through alternative credit assessment, identity verification innovation, and customized products, while exploring from a financial ecosystem perspective the challenges faced by multi-stakeholder collaboration (banks, fintech companies, regulatory authorities) in technical infrastructure, data governance, regulatory compliance, and ethics. Through systematic analysis of current research, this paper proposes future pathways including the integration of big data technologies with emerging technologies such as artificial intelligence and blockchain, expansion of real-time analytical capabilities, and evolution of platform-based business models, providing reference for researchers, policymakers, and financial practitioners.References
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