Experian Expands Innovation Lab to Tackle Financial Inclusion

Experian, a consumer financial data service provider is currently expanding its Experian X Labs, an innovation lab looking into becoming an Asia Pacific incubator and collaboration center. The goal is partly to address the gaps in financial inclusion well-known amongst Asia Pacific nations.

One of the solutions currently in development is the Experian X Score, a credit-scoring system based on alternative data. The solution targets more than 200 million consumers across Asia Pacific that could strengthen their financial identities and progressively grant access to a wider set of financial services.