Technology is rapidly reshaping the financial sector, Dr. Victor Kiplagat, CEO of
@spin_mobile , shared powerful insights on the future of credit risk management and digital finance during North Rift Region Credit Community Workshop held at Boma Inn Eldoret..
In his presentation, Dr. Kiplagat explored how Artificial Intelligence, alternative data, and integrated verification systems are transforming the way SACCOs and financial institutions assess risk, enhance compliance, and make lending decisions.
He emphasized the growing need for institutions to move beyond slow and manual onboarding processes, noting that fragmented verification systems continue to create room for fraud, identity risks, and operational inefficiencies.
“Verification happens in seconds. Not overnight. Not queued. Now,” he remarked, highlighting the importance of real-time digital infrastructure in today’s financial ecosystem