Monoova, an Australian fintech company, has significantly expanded its business operations, growing from 200,000 to 6 million accounts in five years and processing over $100 billion in payments. The company emphasizes data security and compliance, especially amidst increasing cloud reliance and regulatory demands. Monoova's CTO, Nicholas Tan, advocates for a true multi-cloud strategy to enhance resilience against data security threats, exemplified by their partnership with MongoDB Atlas, allowing seamless data distribution and protection. Meanwhile, the document also explores the evolution of credit scoring, highlighting the integration of alternative data and AI to address biases and inefficiencies inherent in traditional systems. It discusses the potential of AI and generative AI in creating a more inclusive and adaptive credit evaluation system, despite challenges like data bias and transparency. This innovation in credit scoring is further exemplified by institutions like Amar Bank and Slice, which use MongoDB to improve credit accessibility and streamline processes. As AI continues to evolve, its role in transforming credit scoring and financial assessments appears pivotal, marking a significant shift towards more nuanced and equitable financial solutions.