The AI governance Kenya needs for fair credit access

A system that cannot give justifications to its decisions is not only unethical but is also legally vulnerable and reputationally dangerous.

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The recent Survey on Artificial Intelligence in the Banking Sector by the Central Bank of Kenya (CBK) provides an honest and sobering account of where the country’s financial sector stands amid the AI revolution.

This survey comes at a time when the country is taking bold steps in positioning itself for the global digital economy, and the launch of the National AI Strategy early this year gives credence to this.

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Note: The results are not exact but very close to the actual.