FinTech business in Africa makes use of A.I & credit technology

FinTech business in Africa makes use of A.I & credit technology. MyBucks, a German listed FinTech company that holds three brands GetBucks, GetSure and GetBanked, has said its partnership with NGO (non-governmental organisation) Opportunity International continues to take strides forward in their vision of bringing financial inclusion to the unbanked and underbanked in emerging markets – most specifically in Africa. In a move that is contrary to the current trend worldwide where banks are acquiring FinTech companies to add value and expand services, the partnership marks, according to the company, the first time a FinTech company has acquired banks to bridge the gap between the virtual and traditional worlds of banking. This is ultimately to enable faster, more efficient and less expensive access to financial services for clients. The conclusion of the acquisition of four banks and two microfinance institutions from Opportunity International will add Ghana, Tanzania and Mozambique to MyBucks' country portfolio and regulatory approval has already been granted in Kenya, Tanzania and Mozambique.