Costing Convenience: A Game of Trade-Offs

[ UUID ] a52684f9-fe7c-4831-b374-9e8973aa4c69

[ Session Name ] Costing Convenience: A Game of Trade-Offs [ Primary Space ] Privacy and Security [ Secondary Space ] Digital Inclusion

[ Submitter's Name ] Okari Omariba [ Submitter's Affiliated Organisation ] Tagelmust.com

What will happen in your session?

In Kenya, mobile phone history, including mobile money transactions data, when combined with what was traditionally considered non-financial information, can be used to generate a "financial identity" even for people without a traditional bank account and banking history which is used to cultivate credit scores. However, according to a survey by Central Bank of Kenya, FSD Kenya and the Kenya National Bureau of Statistics, more than half of the 6 million Kenyans using these platforms are not aware of the privacy trade offs involved. We invite you to re-imagine what this lender-borrower relationship would look like in a mutually beneficial arrangement.

What is the goal or outcome of your session?

Participants will share and learn about emerging trends in digital lending and how it is being shaped by current user behaviours. The hope is the session will catalyze a conversation around this area and help shape its future developments.

In addition to that, from an interactive design session we will call “a game of trade-offs”, we hope the participants will come up with a hypothetical outline of what a mutually beneficial relationship between digital lenders and digital borrowers would look like.

Time needed

60 mins