ITWeb spoke with our Group CEO Salvador Anglada about Optasia’s push into South Africa’s underbanked market — one of the country’s biggest untapped opportunities. Despite having some of Africa’s most developed banks, Anglada noted, “there are still between 15 million and 20 million people who are either unbanked or nearly banked.” The piece details how Optasia’s AI replaces traditional credit checks with alternative data — airtime, wallets, digital payments — analyzing up to 100,000 features per customer to assess affordability in real time. Globally, we now serve customers across 38 countries, processing over 30 million credit decisions daily and expecting to distribute $6 billion in annual credit. ITWeb also covered our expansion into utility finance following the Finergi Global acquisition, and how generative AI is reshaping our internal operations.
You can find the article here and it is a great read on where we’re headed next!