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Tausi Africa has launched Manka, an AI-powered financial analytics platform aimed at improving credit assessments in Tanzania's informal economy. This innovative platform significantly reduces credit assessment times from three hours to under two minutes, enhancing efficiency for financial service providers. The launch event in Dar es Salaam highlighted the platform's potential to drive financial inclusion and support small and medium-sized enterprises (SMEs).
Manka utilizes AI to analyze bank and mobile money statements, enabling faster and more accurate lending decisions. The collaboration with Credit Info Tanzania aims to expand Manka's reach, providing advanced credit analytics to a wider range of financial institutions. This initiative is expected to empower financial service providers to offer personalized financial solutions, ultimately fostering economic growth in underserved markets.
• Manka reduces credit assessment times to under two minutes.
• Partnership with Credit Info Tanzania expands Manka's impact in financial services.
AI-powered financial analytics refers to the use of artificial intelligence to analyze financial data for better decision-making.
Credit risk assessment involves evaluating the likelihood of a borrower defaulting on a loan, which Manka optimizes using AI.
Financial inclusion aims to provide access to financial services for underserved populations, a goal supported by Manka's capabilities.
Tausi Afrika Technologies Limited develops AI solutions like Manka to enhance credit assessments in Tanzania's informal economy.
Credit Info Tanzania partners with Tausi Africa to leverage Manka's analytics for improved credit risk assessments.
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