conventional banking practices

and sharing of data, but as alternative credit scoring models evolve, there may be a need for more tailored regulations. Such regulations would ensure transparency, ethical practices, and better consumer protection in the growing digital lending landscape A key trend moving forward could be increased collaboration between fintech companies and traditional banks. However, a potential first step may involve banks experimenting with these models internally. For instance, Axis Bank has already begun testing this approach to improve its underwriting models. By combining innovative strategies with conventional banking practices, these efforts could better address the needs of unbanked populations. ufabet