This sounds an awful lot like China's social credit score to me and it’s something to pay very close attention to. If we're not careful the world will soon become a lot more dystopian in nature.
And mpaybe even much worse than the one in 1984. Some people used to say that reality is worse and more cruel than anything else, including our worst nightmares.
But I hope that the future will not be dark. Especially not that dark.
I hope people wake up before this change is instituted. They will be forcing people to hand over their privacy if they want to take part in the traditional financial system and have access to credit. This could be the final step that creates such a swell of outrage that people leave legacy finance altogether but the key will be they have to be awake enough to see the danger in it.