Dar es Salaam: Tausi Africa has formally launched Manka, an AI-powered monetary analytics platform designed to enhance credit score assessments in Tanzania’s casual economic system.

The platform analyzes each financial institution and cellular cash statements, enabling monetary service suppliers to make quicker and extra correct lending selections. By decreasing credit score evaluation instances from roughly three hours per buyer to underneath two minutes, Manka goals to reinforce effectivity inside the monetary sector and help monetary inclusion.
The launch occasion happened on October 24, 2024, on the Hyatt Hotel in Dar es Salaam, bringing collectively stakeholders from throughout the banking and monetary sectors to debate the platform’s potential affect on lending practices.
Eric Massinda, CEO of the Financial Sector Deepening Tanzania (FSDT), delivered the keynote handle on the occasion, stating, “Manka represents a big development in Tanzania’s monetary panorama.

By leveraging different knowledge and know-how, the platform addresses key challenges in lending, significantly in underserved sectors. Manka’s capacity to streamline credit score danger assessments won’t solely enhance entry to finance however may also drive extra inclusive financial development and provides the shoppers the facility over their knowledge.

As Tanzania continues to embrace open finance, options like Manka are crucial to making sure that monetary establishments can higher serve their prospects and help the expansion of small and medium-sized enterprises (SMEs).”
At the launch, Tausi Africa additionally introduced its partnership with Credit Info Tanzania to develop the attain and affect of Manka inside the monetary sector.

This collaboration allows each corporations to supply Manka’s superior credit score analytics capabilities to a broader vary of economic service suppliers, empowering them to serve their prospects with improved monetary insights and options. The partnership represents a shared dedication to enhancing monetary providers and supporting financial development in Tanzania.

Edwin Urasa, Country Manager of Credit Info Tanzania, recommended the innovation, stating, ” Manka will considerably optimize how we assess credit score danger in underserved markets. Beyond simply danger evaluation, Manka will empower banks to reinforce buyer acquisition efforts whereas creating alternatives for extra customized monetary choices. By leveraging AI, monetary establishments will make extra assured, data-driven selections in report time, making certain broader entry to much-needed credit score.”

Speaking on the launch, Derick Kazimoto, CEO of Tausi Africa Technologies Limited, mentioned, “Manka is designed to enhance entry to credit score by enabling monetary service suppliers to serve their prospects extra successfully.

By optimizing credit score assessments and offering insights into buyer habits, Manka permits establishments to supply quicker, extra customized monetary options—not simply in credit score, however throughout a variety of merchandise.

Additionally, Manka helps match prospects with financing choices which might be higher aligned to their particular wants, growing entry to appropriate monetary options out there. Our focus is on empowering FSPs to fulfill the wants of their prospects, opening up alternatives for higher monetary inclusion.”

The platform makes use of AI to supply complete credit score danger analytics and pre-score shoppers throughout a number of monetary establishments with enhanced accuracy.

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Manka displays Tausi’s mission of “Unlocking access to finance for the African informal economy” by fostering monetary inclusion and driving higher entry to credit score for small and medium-sized enterprises (SMEs).

Manka symbolizes monetary duty and knowledge, attributes impressed by its namesake from the Chagga tribe.

These values are mirrored in Manka, delivering clear and insightful monetary evaluation that allows knowledgeable decision-making and paves the way in which for elevated monetary alternatives throughout Tanzania.

The effectivity Manka brings to credit score evaluation will assist monetary establishments higher serve prospects whereas decreasing the dangers related to lending, particularly in sectors which have historically been underserved.