Ai Is Gaining Traction In Many Fintechs Across The African Region

African Fintechs are leveraging Artificial Intelligence (AI) technologies to excel across the digital banking, digital payments, personal finance, and investment sectors. AI technology is being used for machine learning algorithms, customer behavior analysis, demographics, and data to create more personalized experiences for consumers. AI is also being used for fraud detection and prevention, customer service and chatbots, and regulatory compliance. A combination of digital-only customer interactions and very large consumer bases allows Fintechs in Africa to create and train algorithms faster than other regions.