Global Problem 100 out of 196 countries in the world serve as home to 2,000,000,000 unbanked people, who use cash only, do not have any credit history, and do not have access to any financial services. It is essential to note that most of these people use their smartphones and social networks on a regular basis. This provides a tremendous amount of a new data and a substantial number of new potential clients. Financial institutions lack information about these clients and their creditworthiness; thus they do not want to take the risk to serve these people. However, these individuals still need funds and surely businesses would enjoy having new customers to survive during competition. Banking the over 2 billion unbanked worldwide The solution AMM has implemented is an open source and meta data bureau that can connect these “fiat only” markets to existing financial services. AMM has a platform that utilizes A.I and can help these people apply and receive their very first loans from a smartphone. This platform allowsContinue reading »