Kenya: Ai Already Decides Who Gets a Loan in Kenya. Now Decide Who Governs It

Kenya: Ai Already Decides Who Gets a Loan in Kenya. Now Decide Who Governs It

Nairobi -- This week I moderate a panel at the National Credit Market Convention in Naivasha. The topic is AI in credit scoring. The room will hold banks, SACCOs, digital lenders, a rating agency and a credit bureau. Here is the fact the room has to start from: the machine is already making the decision. Kenya's 256 licensed digital credit providers have disbursed 8.37 million loans worth over KES 150 billion. No credit officer read 8.37 million…

AI already decides who gets a loan in Kenya, now decide who governs AI

This week I moderate a panel at the National Credit Market Convention in Naivasha. The topic is AI in credit scoring. The room will hold banks, SACCOs, digital lenders, a rating agency and a credit bureau. Here is the fact the room has to start from: the machine is already making the decision. Kenya’s 256 […]