On October 19, at the 2026 Bund Annual Meeting co-hosted by the China Finance Forty People Forum and Tsinghua University, Zhang Wencai, Executive Vice President and Chief Executive Officer of the World Bank, said that AI can expand financial inclusiveness, but it needs to be achieved through reasonable design. Zhang Wencai further stated that in many emerging markets, a large number of micro, small and medium-sized enterprises are facing financing difficulties. Using digital technology such as AI can make them more connected and recognizable, and increase their chances of achieving financing goals. AI can use a variety of data to reduce the cost of serving small customers and accounts, and can provide services in local languages.
Zhitongcaijing · 4d ago
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On October 19, at the 2026 Bund Annual Meeting co-hosted by the China Finance Forty People Forum and Tsinghua University, Zhang Wencai, Executive Vice President and Chief Executive Officer of the World Bank, said that AI can expand financial inclusiveness, but it needs to be achieved through reasonable design. Zhang Wencai further stated that in many emerging markets, a large number of micro, small and medium-sized enterprises are facing financing difficulties. Using digital technology such as AI can make them more connected and recognizable, and increase their chances of achieving financing goals. AI can use a variety of data to reduce the cost of serving small customers and accounts, and can provide services in local languages.
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