The digital revolution has had a significant impact on credit bureaus. Here are some ways in which it has influenced them:Faster credit decisions: Digital credit has enabled faster credit decisions, which is a significant advantage for both banks and customers. By digitizing credit proposal papers and automating annual reviews, banks have been able to improve both the time to approve credit and the quality of the approval. Improved customer experience: Digitizing credit processes has vastly improved the customer experience. Customers can now make financial transactions and money transfers from the comfort of their homes, which has made the process more convenient and accessible. Furthermore, digital footprints can facilitate access to credit when credit bureau scores do not exist, thereby fostering financial inclusion and lowering barriers to entry. Lower costs: The lower cost of digital credit has left customers with more disposable income. This has made credit more accessible to people who may not have been able to afford it before. Increased financial inclusion: The digital revolution has catalyzed increases in access to and use of financial services in developing economies, transforming how people make payments and access other services. This has helped build the digital financial ecosystem, making it easier for people to access credit and other financial services. Shift toward digital banking: Covid-19 has accelerated the pace of digitalization in Asia, as more central banks embrace digital banking to drive higher financial inclusion in their countries. This has brought about a "hyper-acceleration of digital adoption" among banks and financial service providers, and a shift toward digital banking. Customer experience is the key differentiator that will determine the success of a digital banking service.