AI Revolutionizing Fintech in India

AI in fintech is revolutionizing decision-making by analyzing diverse data sets accurately, transforming credit scoring and inclusive financing. In India, AI-driven credit appraisal tools are extending loans to previously unbanked populations. Globally, AI technologies like chatbots are enhancing customer experiences, saving banks billions and increasing productivity. Meanwhile, consumers in South Africa are warned against loan sharks exploiting vulnerable individuals during economic hardships. Additionally, Zest AI's CEO aims to promote fair lending and financial equity, reporting significant increases in loan approvals for historically underrepresented groups using their underwriting technology.