PRESS RELEASE
FOR IMMEDIATE RELEASE
AI in credit scoring and lending: paving the way for financial inclusion
Date: December 18, 2024
Time: 3:00 PM GMT / 10:00 AM EST
Delivery: Online
Duration: 2 hours
The transformative potential of Artificial Intelligence (AI) in credit scoring and lending will be the focus of a special online event on December 18, 2024, aimed at educating participants about its applications, benefits, and challenges. The event will explore how AI technologies and machine learning algorithms are revolutionizing traditional credit assessment by utilizing alternative data sources such as transaction histories, digital footprints, and behavioral analytics. This innovative approach surpasses conventional credit scoring methods, unlocking financial opportunities for underserved populations while addressing financial inequities.
Dr. Kwami Ahiabenu, a leading expert in financial technology, emphasized the profound impact of AI in fostering financial inclusion. He stated, “The use of AI in credit scoring has the potential to transform lives by providing millions of people with access to credit. By leveraging diverse data points and innovative algorithms, AI can bridge the gap for those excluded from traditional financial systems, driving economic growth and inclusion.”
The event will include an introduction to AI in financial technology and an in-depth discussion of how AI enhances credit scoring through innovative techniques and alternative data sources. Practical demonstrations and case studies will showcase its application in real-world scenarios. Participants will also examine the benefits of AI, such as improved risk assessment, increased efficiency, and enhanced financial inclusion, alongside challenges like transparency, data privacy, and ethical concerns.
The regulatory and ethical landscape will be another critical topic, highlighting the frameworks and safeguards needed to ensure responsible AI implementation in credit scoring. Additionally, the event will explore future trends and innovations, emphasizing how emerging technologies can create new opportunities in the financial sector.
This seminar promises to provide engaging discussions, practical insights, and an interactive platform for exploring how AI can address financial inequities while ensuring fairness and transparency. The event is a must-attend for professionals, policymakers, and industry stakeholders interested in shaping the future of credit and lending systems.
Register now at https://globalfintechinnovations.com/creditscore/ to secure your place and join the conversation shaping the future of credit and lending.
About the Event:
The online seminar, “AI in Credit Scoring and Lending: Prospects and Challenges,” is hosted by Global Centre for Fintech Innovations, Canada to bridge knowledge gaps and inspire innovation in financial technology. It will bring together industry experts, policymakers, and financial professionals to explore AI’s transformative role in creating inclusive and dynamic credit systems.
