AI revolutionizes credit in Brazil and advances

Artificial intelligence is transforming the credit market in Brazil.

In recent days, artificial intelligence (AI) has emerged as a strategic tool for the Brazilian financial sector, especially in the area of credit. According to the National Association of Credit Bureaus (ANBC), AI is already applied in processes such as instant credit score updates, real-time fraud detection, and automation of statistical models, reducing costs by up to 66% and accelerating the creation of models that previously took weeks, now completed in a few days.

Elias Sfeir, CEO of ANBC, highlights that more than 70% of the new credit models in 2023 incorporated advanced techniques such as machine learning and deep learning, increasing processing speed by 20 times and ensuring greater security and agility in decision-making. Furthermore, the instant removal of negative credit reports allows consumers who settle debts to regain access to credit almost in real time, representing a structural change in the market.

Another important advance is the inclusion of alternative data, such as electricity and telephone bills and social programs, in predictive models, which has contributed to reducing default rates by up to 151% without compromising approval levels. For Sfeir, AI should be seen as an expanded intelligence that amplifies human and institutional capabilities, provided it is used ethically and responsibly.

Brazil and China establish partnership for advancements in radiopharmaceuticals.

On Thursday (13), Brazil and China aligned a new era of technological cooperation in the area of radiopharmaceuticals, essential for diagnoses and treatments of cancer and other diseases. The Minister of Science, Technology and Innovation (MCTI), Luciana Santos, met with the President of the Council of the China Isotope and Radiation Corporation (Circ), Xiao Yafei, to strengthen the partnership aimed at expanding national production by the Institute of Energy and Nuclear Research (Ipen) and transferring technology between the countries.

The agreement foresees the creation of a Circ subsidiary in Brazil in 2026 and the formation of a specialized team to enable the operation, focusing on technological autonomy and direct benefits for public health. The cooperation also addresses technical, commercial, legal aspects and intellectual property protection.

Innovation and sustainability take center stage at COP30.

During COP30, held in Belém (PA), Finep, an agency linked to MCTI, highlighted the importance of technological innovation and sustainable financing for the bioeconomy and regional development. Investments of R$150 million were announced for research infrastructure in the Legal Amazon, along with calls for proposals aimed at bioeconomy startups and scientific and cultural collections.

The president of Finep, Luiz Antonio Elias, emphasized that Amazonian science, integrated with local knowledge and supported by adequate resources, represents a strategic advantage for Brazil and the planet. Since 2023, more than 400 startups have been supported by programs such as Tecnova, Centelha, and Inovacred, highlighting the advancement of climate innovation and the bioindustry in the country.

Photo by Marvin Meyer on Unsplash