artificial intelligence - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Kenya’s financial sector urged to embrace AI and modern credit scoring to expand access to credit

Sacco ReviewMay 23, 202605 mins

Kenya’s financial institutions have been urged to adopt emerging technologies such as artificial intelligence (AI) and modern credit scoring systems to strengthen lending processes and widen access to credit as the country’s financial sector undergoes rapid transformation. The call was made during a financial sector engagement forum held in the North Rift region on May…

Insurance sector urged to adopt AI to speed claims and combat fraud

Sacco ReviewMarch 29, 202605 mins

Players in Kenya’s insurance industry are being urged to embrace artificial intelligence (AI) to accelerate claims processing and curb fraud, amid growing concerns over delayed settlements and rising cases of fraudulent claims. The call comes at a time when customer trust and operational efficiency are being tested by persistent challenges in the sector. Data from…