The Sinitic team presented its automated financial complaints solution for regulatory authorities at the 2019 Alliance for Financial Inclusion’s Global Policy Forum in Kigali, Rwanda. Sinitic was among 10 innovators chosen in the network’s first-ever fintech showcase for their potential to shape the future of financial inclusion.
In a special plenary session on September 12th, Sinitic CEO Curtis Matlock highlighted how Sinitic’s proprietary and multilingual AI technology extends access to the financial complaints process to all citizens via SMS and messaging apps, regardless of gender, ethnicity, geography, income-status and education — while reducing the central bank operational costs associated with delivering financial inclusion tech.
“As Africa’s central banks strive to empower women and youth with novel financial inclusion solutions, it’s essential that the central banks themselves are empowered with highly scalable and localized natural language processing technology,” said Matlock.
In 2018, Sinitic won a competition to deliver a first-of-its-kind, multilingual chatbot and financial complaints processing system for the Central Bank of the Philippines, administered by the RegTech for Regulators Accelerator and Rockefeller Philanthropy, and sponsored by Bill & Melinda Gates Foundation, Omidyar Network, and USAID. The case study can be read here.