AI, better data drive down fintech non-performing loans – Owuraku Asare

The growing use of artificial intelligence (AI) and improved access to data are helping reduce non-performing loans (NPLs) in Ghana's fintech sector, strengthening digital lending and expanding financial inclusion."As artificial intelligence continues to evolve and data quality improves, the FinTech sector will be better positioned to expand access to finance while maintaining prudent risk management and supporting economic growth," Mr Asare added.

This is according to Owuraku Asare, Head of the FinTech and Innovation Department, who spoke at the Ecobank JoyBusiness Financial Dialogue Series held under the theme, "Unlocking Access, Empowering Communities, Transforming Economies: Driving Financial Inclusion Through Digital Transformation.