One of AI’s most transformative potentials is in fostering financial inclusion. For unbanked populations, traditional credit scoring systems don’t work. AI can leverage alternative data—like mobile money usage etc, community trust networks, or even social behaviors—to build accurate, inclusive credit models.
If you’ve not done it yourself, you’ve probably seen it in movies — someone swipe their card on a payment
Now, imagine this. Your mum is trying to save up for a grinding machine, and instead of sweating over account statements she can’t read, she asks the Ant voice agent in Yoruba:
“Ant, how much do I need to save monthly to buy my machine by Christmas?”
And Ant responds, breaking it down in a way that makes sense to her, and starts the savings for her.
