Generative AI is changing the BFSI industry by making it more efficient, improving customer service, and managing risks better. The market for generative AI is expected to exceed $10 billion by 2030. AI personalizes solutions, improves compliance, and increases operational agility.
There is huge potential for FinTech investments and growth in Africa. This is due to various economic and demographic factors, such as the lack of developed financial infrastructure, an unbanked population of over 65%, and a higher global population growth rate.