2025-04-08
The Future of Credit Union Services in Ecuador Through Hub C’s Algorithm-Based Scoring Model Pilot
In Ecuador, where more than 5 million individuals and small businesses lack access to traditional financial services, algorithm-based scoring models are becoming increasingly important for credit unions. These models use advanced algorithms and a wider range of data to assess creditworthiness, offering a more accurate and inclusive approach to lending. This is crucial in a country like Ecuador, where a significant portion of the population, especially youth, women, migrants and rural families, is underbanked or lacks an established credit history.
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The Ongoing Journey of Hub C Toward Digital Innovation
At FinConecta, driving financial inclusion has always been our primary goal. Through Hub C marketplace—developed in strategic partnership with WOCCU—we support credit unions in adopting digital innovation and fintech solutions. We believe that technology not only broadens access to essential services, but also fuels a more inclusive financial ecosystem, regardless of each cooperative’s size or location.
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