AI-Powered Credit Scoring Fintech Firm Tausi Africa, Poised to Revolutionize Tanzania’s Financial Landscape
Tausi Africa, a leading fintech firm, is poised to reshape Tanzania’s financial landscape with its innovative AI-powered credit scoring platform, Manka. This cutting-edge technology aims to make financial services more accessible, affordable, and inclusive for a wider range of individuals.
Dr. Said Baadel, Director of Research and Development at Tausi Africa, emphasized the company’s commitment to leveraging advanced technology to bridge the financial gap in Tanzania and beyond. By adopting a holistic AI approach, Manka analyzes user-consented data from various sources, including banks, mobile money services, and utility bills, to assess creditworthiness. This innovative approach empowers lenders to make informed decisions, even for individuals with limited or no traditional credit history.
Recently, Dr. Baadel presented a paper at the Future Technologies Conference in London, highlighting the potential of AI to improve financial inclusion for unbanked and underbanked populations. The paper emphasized the need to utilize informal data to create a sustainable micro-lending ecosystem in Africa.
Tausi Africa’s partnership with Credit Info, a global credit information provider, further strengthens its position in the market. This collaboration will enable microfinance institutions and lenders to adopt data-driven credit decisions and enhance operational efficiency.
Looking ahead, Tausi Africa envisions a future where technology plays a pivotal role in financial inclusion. The company plans to launch a “Credit SIM Card” within the next five years, which will expand credit access to millions of underserved individuals across Sub-Saharan Africa. This groundbreaking initiative will empower individuals who have traditionally been excluded from the formal financial system. By embracing AI and innovative solutions, Tausi Africa is driving economic growth and empowering individuals to achieve their financial goals.
Source: The Citizen
