and the long-term implications

Technological advancements, particularly in AI and machine learning, will refine these alternative credit models even further, offering increasingly accurate risk assessments while streamlining the lending process. Finally, as fintech matures, a growing emphasis on financial literacy will become central to ensuring that the newly financially included understand their rights, responsibilities, and the long-term implications of borrowing. It is not just a technical revolution, but one that requires educating, informing, and empowering citizens For many individuals, these new avenues of financing provide the tools to overcome systemic barriers that have long constrained their financial aspirations. Traditional credit assessments often rely on rigid metrics that fail to capture the full picture ufabet