These are chat archives for fairydust-agency/project-wasl-grants
I fixed the names to :-)
Otherwise - not all of our issues were adressed regarding the project in general...
As already mentioned, we see the following issues:
- ISSUE - lots of refugees in short time that need to be processed,
- ISSUE - refugees often start with just a fingerprint and picture (lost passports etc.)
- ISSUE - often have no credit history that can be accessed (no data),
- ISSUE - no existing longterm relationships between WASL and local CMs,
- ISSUE - CMs and NCs don't know each other, not from the same country, different language, culture.
I will try to elaborate on the "issues" we identified in context of your answers.
Please remember that WASL will only provide its services to the New-Comers who are legally eligible for work. The ones who have the official documents that allows them to work.
Yes, that's what we assumed already. According to what we know it approximately takes 1 year before new comers get a work permit, but they can already work in similar ways that students can work before they have a work permit to work full time. Students can register to work self employed, so this might be an option for new comers too.
We should not start with something very complicated but we can build it over time.
WASL platform should be designed from day one to be able to integrate / add new features all the time and grow to serve many people and many purposes as they emerge.
The only point is to set priorities. What are the main basic features to start with to launch the platform and what to be added at a later stage after to test the basic features with the beneficiaries?
What do you think of this?
Yes, we totally agree to follow an agile and lean approach of developing the WASL product/service over time, but in order to maximize the benefits of each iteration it is important, that there is guidance from a long term vision/concept that is as detailed as possible before starting development. Creating a detailed concept is relatively cheap and the benefits from the aid provided by it when making decisions about the priority of features to develop in each iteration is huge.
We need a very detailed concept, thus we need to break down a very detailed vision of the future into features of the platform in order to be able to prioritize features that steer the WASL project in the right direction in each iteration.
WASL will exist to specifically serve newcomers with no credit history
Yes, this is already our understanding, see [Issue 3]
(we will build it for them),
Yes, this is what we think is vital.
are not integrated in the local community
Yes, this is already our understanding, see [Issue 5]
(we will link them with the supporters/change makers and help both build the relationship for a purpose)
Yes, this is what we think is vital.
Our first patch of CMs/supporters will be people and organizations that we should already know. It will start with a trust network...
Individuals: could be scored through referral system (WASL shall trust someone referred to it by you for example)
That "outsources" the problem [Issue 4] from WASL to find many partners, to WASL finding a few partners that will find more partners.
We believe, even though it might be possible to find CMs that are trustworthy, whether they will disappoint or not is strongly connected to transparency that will slowly replace trust based on
and other social parameters/criteria. To be developed.
This is what should be developed now - even though it can be implemented later, we believe it's vital to work out a fully featured concept that allows to derive the
MVP (Minimum Viable Product) that lays the best possible foundation on which to grow.
Organizations: also could be scored through referral and reputation
So finding initial Change Makers (Individuals and Organizations) is basically a random shot in the dark guided but nothing else but human guts, which seems ok to us if we can develop a solid concept about how to ...
and history of successful support to new comers.
... continuously measure and evaluate the relationship with Change Makers.
I think of partnering with universities and research centers to help us in developing this scoring system. I think it is very much possible.
What do you think?
research centers if they are willing to help, are good initial candidates for
CMs and can also provide a lot of aid when developing a
BUT: we also think, that the critical problem is not to build a scoring system - this is actually the easy part and the knowledge how to do that is relatively easy accessible, see:
One of the reasons widely mentioned by global financial institutions reporting financial inclusion issues is related to financial identity. Poor population in the developing world often doesn’t have a formal financial history, or even financial identity (not mentioning that some don’t even have identity documents).
digital identityfor new comers to which a credit score can be assigned?
opening a bank account,
registering a business,
showing registration papersto CMs in a face2face meeting will make it practically impossible for newcomers to create "fake identities".
NCs(=newcomers) in germany can easily get a bank account now.
solid high quality datacontinuously in order to feed them into whatever
scoring systemwe might use?
WASL will derive trustworthiness scoring from social data.
But social data not only derived from the interaction with the platform but also from other social media channels like Facebook, tweeter, LinkedIn, etc.
I know it may not be clear how. It is even not clear for me. But some banks are already making credit decisions based on the big data analysis and scoring of the applicant social data.
We are familiar with this practice. Kreditech is one of many startups that ride that wave. We have no doubt, that the techniques used by Kreditech are able to provide very meaningful insights given the underlying data is of high quality.
Our recommendation is to be careful and not believe the hype.
Kreditech is only 4 years old and other similar companies face the same problems.
Despite their "modern approach", they:
Please read criticism https://en.wikipedia.org/wiki/Kreditech#cite_note-3
CTO is now
CEO and we can recommend this presentation of him:
So, to sum up:
WASL's key value proposition is core competency is to develop and provide a reliable credit score to its potential investors/creditors/partners.
We believe that modern statistics and algorithms can be used to create a high quality credit score, but for that we need high quality data. We think the reliable data needs to be the essential part of WASL's core value proposition.
Therefore, because reliable data about newcomers doesn't exist, we have to generate it.
How? By providing them with business software in which all data is transparent.
So, we think, even for MVP, we would need to build the platform around this business software...
Our suggestion is to start with a TODO app where you can:
What do you think would be the most essential features to start with? And to understand the whole project more in details it would be great to know what is the budget, who are the stakeholders involved, what are the interests of people and organisation(s) behind it? Is it just your personal pet project? What else in your opinion would help us understand the project better?
TODO Appsimilar to
invoice todo. It's easy to use as
any.doand continuously turns financial projections and the business plan into operations and actual financial results that can be compared to what was planned
credit scoresare not enough for them
business processessimilar to how large organizations do it using languages like
BPMN 2.0and measuring to a fine grained degree whats going on and how to optimize.