Empowering Emerging Economies: AI’s Role in Latin American Financial Inclusion

AI is making a significant impact in Latin America, spurring an exciting era of financial inclusion. With the help of AI, innovative lenders are able to quickly and accurately analyze incredible amounts of data, including non-traditional financial indicators rarely examined by traditional financial institutions. Equipped with enhanced customer insights and speed, lenders are now able to make faster decisions and issue loans to individuals with little to no traditional credit histories — without increasing risk. AI brings greater accuracy to fraud and risk pattern detection to protect lenders’ businesses, while AI-powered chatbots and virtual assistants make financial services more approachable and accessible for all.

When Kueski and other companies use AI to enhance their services, they foster greater participation in the financial system and help bridge critical gaps in emerging markets. It’s a transformative development for underbanked and underserved communities that connects many consumers to the formal economy — many for the first time.