Digital payment provider Ant International will provide new artificial intelligence (AI) driven credit technology solutions for its local partners in Brazil in partnership with Dock.
Ant International’s strategic partnership with Dock, a Latin American payments and banking technology company, will focus on enhancing the credit management capability and infrastructure efficiency for Dock’s clients, which includes financial institutions, retailers, and fintech startups.
The shared vision is to make credit services more inclusive for market segments that are currently insufficiently served, such as micro, small and medium-sized enterprises.
Quan Yu, General Manager of Global Credit Tech of Ant International, said: “Brazil is leading the way in financial innovation and inclusion, and Ant International is excited to team with Dock in this dynamic market.
“The partnership underscores our commitment to broadening financial accessibility and availability by providing local institutions with AI-driven technologies to better support underserved businesses and communities.
“We believe in the power of collaboration in promoting financial inclusion and are exploring more partnerships with industry leaders in the region.”
In the initial phase of the collaboration, Ant International’s AI-driven credit tech solutions, including an automated and intelligent risk management engine, will be integrated into the Dock One platform.
The initiative aims to strengthen Dock’s offerings in credit operations and infrastructure. By adopting these solutions, clients are expected to optimise their credit decision processes, increase underwriting efficiency and reduce costs. In addition, the partnership will allow the refinement of risk models and credit policies, leading to more precise assessments in their credit operations.
In recent years, Brazil has made significant progress in financial inclusion. However, there are still opportunities to further support SMEs and financially constrained groups. In response, Brazil is actively encouraging the digital transformation and innovation of financial services to boost financial accessibility.
Antonio Soares, CEO of Dock, added: “Ant International is the partner we were looking for to materialise our financial inclusion goals. As we do on all our fronts of action, we seek partners who provide the most advanced technologies on the market and allow us to deliver this to our clients, integrating this technology on our platform Dock One.
“We will use technology to challenge the status quo in this sense and make credit more accessible. Our intention is, together with Ant International, to put solutions on the market that will significantly expand access to credit and take us to the next step of financial inclusion.”