Tackling the Data Deficit Holding Back the Gig Economy – Bankuish

Bankuish is tapping data captured by gig platforms to enable more workers to access credit.

Globally, the gig economy continues to expand as individuals and employers use digital platforms to give themselves greater flexibility. But the benefits of gig work can come with a major downside: exclusion from the traditional financial system.

To address this issue, fintech Bankuish has built a sophisticated system that can analyse the detailed data produced by ride sharing, food delivery, freelance and creator platforms to assess an individual worker’s creditworthiness. In each case, Bankuish is taking advantage of regulatory requirements that oblige these platforms to share the data they generate with the subjects of that data, whether they be drivers, freelancers or creators.