In countries that have large numbers of people who are "unbanked," financial innovation could help enhance financial inclusion, especially if they are paired with digital identifications systems. 15. With the use of alternative data, end-to-end digitalisation coupled with other technology interventions, FinTech can bridge the credit gap that exists due to various reasons such as absence of credit scores, cumbersome documentation, manual processes, etc.
16. The Reserve Bank Innovation Hub (RBIH) in association with RBI is piloting an endto-end digitalisation of Kisan Credit Card (KCC) lending. The project envisages automation of various processes within banks and integration of their systems with the service providers which will make granting of KCC loans more efficient and economical. Regulatory approaches 17.