Global data and technology company Experian has introduced its latest AI, machine learning, and alternative data advancements to transform credit risk assessment in South Africa.
Many South African adults remain outside the formal credit system, making access to loans, business funding, and financial security a challenge. However, AI-driven tools can assess and serve these previously underserved consumers, promoting broader economic participation.
“South Africa’s financial services sector is evolving at an incredible pace, driven by new data sources and advanced analytical capabilities,”
says Ferdie Pieterse, CEO of Experian.
Author's summary: Experian introduces AI-powered credit solutions.