Artificial Intelligence as a Catalyst to Accelerate Financial Inclusion - Fintech Singapore

The use of Artificial Intelligence (AI) in financial services is all over the news, with some reports estimating it to be a US$450 billion opportunity. But what's the real story around what AI can do? Beyond just automating certain processes, AI has the potential to improve accuracy in credit or risk decisioning workflows, encouraging financial inclusion and allowing the underbanked and unbanked access to financial services in ways that were previously unreachable. Over 3 billion people in Asia have no access to formal credit and three of the top ten'most unbanked' countries in the world happen to be located in APAC (Vietnam, the Philippines and Indonesia). Finding innovative ways to enable more access to financial services is critical.