A credit bureau for emerging markets, with Burak Kilicoglu (CreditInfo)

How to Lend Money to Strangers

Brendan le Grange

Credit, Fintech, Management, Lending, Banking, Business, Careers

5 • 2.6K Ratings

🗓️ 15 December 2022

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

When I was living in Denmark and working at Experian, my boss’s boss was a rockstar, you would never hear Burak Kilicoglu ’s name mentioned without an associated compliment. And I wasn’t the only one to notice, so he was soon snapped up by Creditinfo to be their Director of Global Markets - a perfect-sounding guest for this show, right? Unfortunately, though I tried, I never managed to get Burak on…

That’s how I introduced my episode with Paul Randall, CEO of Creditinfo but I’m pleased to say, it is no longer true. Because in this episode of HTLMTS, I’m sitting down with Burak himself to chat about data as a route to improved access to credit in emerging markets, about lending to SMEs, and about what it means to react quickly in volatile markets.

Creditinfo can be found at https://creditinfo.com/ or, as Burak mentioned, if you want to start a conversation with one of the team, their contact info is here https://creditinfo.com/about-us/our-group-management/

They are also on LinkedIn https://www.linkedin.com/company/creditinfo-group/ (from which you’ll find links to the individual country pages)

The ESG data project he mentioned is explained in more detail here: https://chronicle.creditinfo.com/2022/10/24/creditinfo-launches-esg-data-platform/

You can learn more about myself, Brendan le Grange, on my LinkedIn page (feel free to connect). The show has its own page there, too, and is also present, but less active, on Instagram and Twitter using the @HTLMTS handle. My action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is at https://confirmu.com/ and on episode 24 of this very show https://www.howtolendmoneytostrangers.show/episodes/episode-24

If you have any feedback, questions, or if you would like to participate in the show, please feel free to reach out to me via https://www.howtolendmoneytostrangers.show/contact-us

Oh, and if you’re in need of more banking podcasts, you can find related content at https://blog.feedspot.com/banking_podcasts/

Regards,

Brendan

Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0	From West Africa to East Africa to South Eastern Asia, the way the evolution goes is quite impressive.
0:06.4	You start with a loan that's 4-5 euros, 6 euros, paid off twice, 3 times, and then,
0:12.7	instead of getting a 5-year-old loan, I get a 10-year-old loan.
0:15.2	I get a 20-year-old loan.
0:16.2	That evolution is very quick in emerging markets.
0:24.4	In a recent study, researchers at the University of Pennsylvania found that they could bring
0:29.4	about significant genomic changes in populations of fruit flies, simply by adding different
0:35.0	species of microbes to their food.
0:37.7	Now they weren't doing this because they wanted to engineer a better fruit fly.
0:41.9	I assume their webpage includes lots of fancy words like environmental heterogeneity,
0:47.9	identified molecular polymorphism, and differential fitness of genotypes.
0:52.8	So maybe they do, but it's much more likely that they experimented on fruit flies because
0:57.6	they have such short generations.
0:59.8	In the study, the changes were identified after just 5 generations.
1:04.1	Still, in human terms, 5 generations would take 135 years to play out.
1:10.3	It's the span from your great-grandparents to your children.
1:13.9	With fruit flies on the other hand, Google tells me it's easy to breed more than 20 generations
1:18.8	in a single year.
1:20.2	This is a tangent, but it speaks to a concept I've previously appreciated, but maybe never
1:25.2	quite articulated, that we can create more data simply by designing strategies with
1:30.7	faster iterations.
1:32.7	Welcome to How To Learn Money to Strangers with Brendan Lagrange.
	...

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