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The platform analyses payment histories and market trends to flag high-risk accounts. [Courtesy]
Kenyan commercial banks are in talks with US technology firm IronOne Technologies to deploy an artificial intelligence platform designed to predict borrower defaults up to six months in advance, allowing lenders to intervene before loans sour.
The proposed system, dubbed "Smart Delinquency Predictor", would enable banks and microfinance institutions to shift from reactive debt management to proactive risk prevention, industry executives said.
The platform analyses payment histories and market trends to flag high-risk accounts, giving bank managers time to restructure loans, initiate early recovery or redirect resources away from toxic portfolios.
