AI for Financial Inclusion: Banking the Unbanked


But AI is laying the foundations to change that. Pioneers and FinTechs, followed now by some banks, are using AI to bring financial services to the unbanked, starting from "branchless banking" models, which are one hundred percent based on digital channels and with new business models leveraged in economies of scale. These companies are using AI to improve (and also create new) processes related to communication, fraud prevention, credit scoring and financial education.