Current Affairs - Technology - Discussion
Discussion Forum : Technology - Latest Current Affairs (Q.No. 874)
874.
Which of the following makes use of the extensive data generated by a user on social media platforms to judge their creditworthiness in order to extend loans?
Answer: Option
Explanation:
CASHe is an app-only platform available at Google Play Store and Apple store which dispenses loans in a simple five-stage process. The loans are made available through an NBFC called One Capital. After you download the app on your mobile phone, you need to register through your social profiles on Facebook, Google+, or LinkedIn, fill your application form which requires four basic documents, pick your loan amount depending on your eligibility, and receive the amount in your bank account.
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