Synapse - Africa’s 4IR Trade & Innovation Magazine - 2nd Quarter 2021 Issue 12

Page 6

INVESTMENT

INNOVATION

AFDB PROVIDES $1M GRANT for AI-

based national customer management systems in Ghana, Rwanda & Zambia

T

he African Development Bank (AfDB) announced in March that its Board of Directors had approved a $1.024-million grant for AI-enabled systems to process customer complaints on behalf of the national banks of Ghana, Rwanda, as well as for the Competition and Consumer Protection Commission of Zambia.

The grant was made from the Africa Digital Financial Inclusion Facility (ADFI), a special fund dedicated to accelerating digital financial inclusion across the continent. The AfDB said the project will establish a complaints-handling system for the financial regulators, using multilingual chatbots and artificial intelligence that will interface with key financial services providers in the three countries. The system will incorporate key local languages for ease-of-use, record customer complaints, including audio complaints from those unable to read and write, and track their resolution. The project is expected to improve the tracking of customer complaints made to financial services providers, strengthen the support for marginalised groups -- which will build confidence in the use of financial services -- and improve the collection

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SYNAPSE | 2ND QUARTER 2021

of consistent data to be used for the development or improvement of consumerprotection policies. ADFI co-ordinator Sheila Okiro pointed out that facilitation of sound policies and regulations, including those that enhance consumer protection and catalyse financial inclusion, is a key man-date for ADFI. “With the proliferation of digital financial services, the financial industry needs innovative mechanisms for customer recourse and tracking for regulators. The Sinitic project is one such solution,” added Okiro. The system will be developed by Sinitic Africa in collaboration with BFA, a consultancy firm specialising in humancentred design and DFS regulation. Sinitic Africa is a subsidiary of Sinitic Inc., a financial technology firm based in Canada. The two companies have already worked together to develop and successfully deploy a similar project for the Philippines’ central bank. The Sinitic solution will be deployed in the three target countries in the following languages: Kinyarwanda, Swahili, French and English in Rwanda; English and Nyanja/ Chewa in Zambia; and English and Twi in Ghana.

Grassroots NLP community Masakhane wins Wikimedia Foundation Research of the Year award Masakhane, a grassroots organisation which aims to strengthen and encourage Natural Language Processing (NLP) research in African languages for Africans by Africans was in April awarded the Wikimedia Research Award of the Year for its paper Participatory Research for Lowresourced Machine Translation: A Case Study in African Languages. Masakhane received the award together with Kay Zhu, Dylan Walker and Lev Muchnik for their paper Content Growth and Attention Contagion in Information Networks: Addressing Information Poverty on Wikipedia. The award was presented virtually to Masakhane by Wikipedia cofounder Jimmy Walles. Machine Translation (MT) is crucial for information accessibility and communication worldwide. Despite this, MT is still centred around a few highresources languages, widely excluding African languages.


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WizzPass Workspace Booking - Optimise & streamline your workspace management

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Invisio AI Scoops 3rd Place at 2020 SAB Foundation Social Innovation & Disability Empowerment Awards

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AI GONE GLOBAL: Why 20,000+ Developers from Emerging Markets Signed Up for GTC

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Nigerian insurtech startup Curacel raises $450k pre-seed round

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Clevva joins Blue Prism's Digital Exchange

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Smart Africa, Intel partner to build AI capacity building for African policymakers

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WITS, partners release AI-powered Algorithm To Detect SA’s Third COVID-19 Infection Wave

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UNESCO launches AI Needs Assessment Survey in Africa

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UMOJAHACK AFRICA 2021: Over 1 000 students participate in Africa’s largest inter-university hackathon

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ISHANGO, AIMS partnership to connect top African data scientists with international work experiences

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Liquid Telecom rebrands to Liquid Intelligent Technologies

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FROM GARAGE TO GLOBAL: How CompariSure’s conversational AI is driving digitisation within the Insurance industry

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5 Steps To Building A People Analytics Function From The Ground Up

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Willis Re Launches new South Africa Hail Catastrophe Risk Model

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PUTTING AI INTO THE ENGINE ROOM

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First Fon to French Neural Machine Translation Engine launched

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TunBERT: InstaDeep, iCompass announce partnership on 1st AI-based Tunisian Dialect System

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Grassroots NLP community Masakhane wins Wikimedia Foundation Research of the Year Award

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page 6

How IBM Wants to Accelerate DX With Latest Breakthroughs in Hybrid Cloud, AI Capabilities

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How the AU, Africa CDC will take On COVID-19 Through AI, Big Data

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DeepMind Establishes Scholarship for Wits Masters Students

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Innovation Factory (Africa) Challenge

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Machine Learning Sandcastles

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Automation 360: Automation Anywhere’s Cloud-Native Platform for Intelligent Automation

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4 Reasons Why You Should Care About AI Governance Now

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Wits Announces Team to Advance AI Research in Africa

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SANRAL explores Machine Learning Applications for Road Safety, Congestion

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Siemens, CSIR partner to boost SA 4IR skills

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Strathmore Study Lays Bare Gender Inequality in African AI Industry

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How Quantum Computing Could Propel Us Light Years Into The Future

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NVIDIA unveils its 1st Data Centre CPU

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NVIDIA Inception: Meet the African Startups Accepted Into the Programme

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How The Pandemic Gave Birth to SA’s latest 4IR SaaS platform

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Meet UCT’s 1st Google Research Scholar Program Recipients

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SA Team Places 2nd at 2021 Imagine Cup Junior Virtual AI Hackathon, Girls Edition

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These 3 African Startups Are Using AI, Data Science to Disrupt Fintech

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Why Kenya’s Ajua acquired AI/ ML fintech startup WayaWaya

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All You Need To Know About The EU’s DIGILOGIC initiative

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Lacuna Fund invests $1m in Datasets for Low Resource African Languages

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Human In The System: Understanding Customer Behaviours with ecosystem.Ai

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Hyperautomation: A Case Study

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AfDB provides $1m Grant for AI-based National Consumer Management Systems

1min
page 6
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