New Fintech Solutions Unveiled to Expand Financial Services for Kenyans.
Kenyans are set to gain greater access to financial services following the launch of new fintech solutions by Experian MicroAnalytics. The platform, which utilizes Creditinfo’s scoring models and local market expertise, aims to provide innovative financial services to help businesses and individuals secure financing.
Sammy Hamoudi, General Manager of Experian MicroAnalytics, expressed enthusiasm about the partnership, noting that it would allow the company to introduce advanced mobile financial services, including mobile money loans, analytics, and machine learning. These services are particularly targeted at underserved populations who currently lack access to traditional banking services.
“Experian is committed to promoting financial inclusion on a global scale, and our collaboration with Creditinfo significantly enhances our ability to deliver impactful solutions,” Hamoudi said. “Together, we aim to empower telecommunications operators and fintechs to extend their services to previously underserved communities.”
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Kamau Kunyiha, Regional Manager for East and Southern Africa at Creditinfo, echoed this sentiment, highlighting the opportunity the partnership presents for Creditinfo to solidify its position as a leading credit bureau in Africa. The collaboration will also enable the company to improve its business risk assessment capabilities and customer insights.
“At Creditinfo, we understand the transformative potential of data-driven solutions in fostering financial inclusion,” Kunyiha said. “Our partnership with Experian will provide individuals and businesses across Africa with greater access to finance, aligning with our shared vision of driving positive change and enhancing credit assessment standards.”
The two companies recently showcased their joint efforts at the Africa Fintech Festival 2024, where they sponsored the event. The festival served as a platform for discussions on how collaboration can further advance financial inclusion across the continent.
