AI offers hope as Mexico’s small businesses struggle for credit

World Today

AI offers hope as Mexico’s small businesses struggle for credit

In Mexico, artificial intelligence is helping streamline the financial sector and reduce costs by automating credit scoring, fraud detection and risk management. Introducing greater efficiency in lending should help small, and medium-sized businesses. They constitute the overwhelming majority of Mexican businesses but have had a much harder time getting business loans and other types of investment. CGTN’s Alasdair Baverstock reports.