Role of AI in developing countries’ Banking Sector

In this article, we are going to address what role can current AI in developing countries’ banking sectors. This is my expression of grief over my country’s banking system's current situation.

Artificial Intelligence (AI) is here to stay and it is all around us. We use it every day and sometimes without knowing — it has been embedded in our favourite apps & services, whether it's Google, Facebook, Youtube and etc. But the use cases don’t end or don’t need to end there, there are a lot of life-saving and improving solutions that can be developed with this technology.

The impact of using this technology to develop humanitarian areas can have a multiplier effect in developing countries; some of these countries possess abundant reserves of natural resources but lack the equipment and tools to explore them. By leveraging the power of AI, businesses, nongovernmental organizations (NGOs) and governments can solve life-threatening, economical and technological problems to improve the wealth and livelihood of local communities in the developing world.

“Good, better, best. Never let it rest. ’Til your good is better and your better is best.” — St. Jerome