Can artificial intelligence turn invisible data into financial identity?
For many entrepreneurs in Latin America, a lack of traditional credit history means being rejected by banks. This video explores how Mercedes Bidart is using AI to transform mobile phone data into a way for informal business owners to access fair loans.
Traditional banking systems often overlook individuals who lack a formal credit history. Mercedes Bidut demonstrates how AI technology can bridge this gap by analyzing 'invisible data' stored on mobile devices. By repurposing this digital footprint, the technology helps informal entrepreneurs establish a verifiable financial identity, allowing them to secure credit and scale their businesses on their own terms.
Source: Mercedes Bidart: Can AI uplift entrepreneurs that traditional banks reject?
