ITU INTERVIEWS: Narayan Jaesingh, Chief Business Officer, VSERV
Channel: ITU
Date: 2021-04-13

Bridging the financial inclusion gap using alternative data and AI

This video provides an insight on how Artificial intelligence allows fintech companies to use alternative data sources, such as information on a person’s phone for the purposes of obtaining access to finance such as digital loans. Features that describe a person’s behaviour can be extracted from the phone, and AI is capable of relating these seemingly unrelated features to a single credit score based on examples of past behaviour. This power allows fintechs the ability to unleash the potential of previously ignored communities.