On May 16, BFA launched the first-ever report on artificial intelligence as it relates to financial services in Africa and the low-income customer. “Artificial Intelligence: Practical Superpowers,” is relevant for fintech companies and FSPs in Africa who are interested in or looking to move into AI. The FIBR paper presents a practical and compelling case for companies to seriously consider AI in their business by:

• Identifying the main use cases in financial services through industry players in Africa
• Providing real examples of applied machine learning through BFA’s portfolio of work with low-income customers and inclusive fintech companies
• Covering the challenges and introducing an AI readiness framework for firms take next steps and test-driving AI demos from the MSME and PAYGo sectors

The SME Finance Forum, as advisor to FIBR project, supported also by our member MasterCard Foundation, helped to produce this new report.