AI

FIBR.AI - An Experimental Gallery of AI Applications for MSMEs and PAYGo

The FIBR AI Gallery serves the goal of accelerating the introduction, adaptation and productization of AI tools in financial services in the PAYGo and MSME sectors. As a starting point we are actively exploring scenarios in which computer vision, predictive analytics and natural language processing can be used to produce gains and alleviate pains for PAYGo providers and merchants.

Our goal for the AI Gallery is to bridge the gap between the real needs of our partners and the cutting-edge AI developments that have the potential to address these needs. We are accomplishing this by first demonstrating to these partners some of these technologies in their raw, non-productized form and openly discussing whether and how they see these technologies being useful in their day-to-day life. 

"Artificial Intelligence: Practical Superpowers," a New Report

With knowledge comes power. Artificial intelligence (AI) is a powerful way to harness data into knowledge and into action.  For financial services providers in Africa, the real value of AI and its forms, such as machine learning, lies in practical applications that can reduce the cost to serve and acquire customers -- creating more viable business models for broader segments of the market. Several financial services providers are already using AI to eliminate business inefficiencies, manage business and customer risk and create more seamless customer experiences. More and more providers, not just the large players, have the opportunity to do the same.

On May 16th, 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:

  1. Identifying the main use cases in financial services through industry players in Africa

  2. Providing real examples of applied machine learning through BFA’s portfolio of work with low-income customers and inclusive fintech companies

  3. 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

 

Join Us for the Report Launch Reception

Date: Wednesday, May 16th, 2018

Time: 6:00 - 9:00 PM

Venue: VILLA ROSA KEMPINSKI, Nairobi

With remarks from: 

Amolo Ng'weno - FIBR Program Director, East Africa director, BFA

Matt Gamser -  CEO of the SME Finance Forum