AI transforms credit in Brazil by reducing costs.

Artificial Intelligence revolutionizes the Brazilian credit sector.

Artificial intelligence is already structurally transforming the credit market in Brazil. According to the National Association of Credit Banks (ANBC), the technology has generated concrete results that impact both financial institutions and consumers.

Numbers that prove the transformation.

The efficiency gains are significant. Process automation can reduce operational costs by up to 66%, while the speed of developing predictive models has increased dramatically. Models that used to take weeks to complete are now finished in just a few days.

At one of the leading companies in the sector, more than 70% of the new models created in 2023 incorporated machine learning and deep learning, increasing data processing speed by 20 times.

Direct impacts for the consumer

One of the most significant advances is the instant removal of negative credit reports. This allows for updating credit scores in seconds, structurally changing the market. "Consumers who pay off their debt regain access to credit almost in real time," explains Elias Sfeir, CEO of ANBC.

The inclusion of data from electricity, telephone, and social program bills in predictive models has also helped reduce delinquency by up to 151%, without affecting approval rates.

Practical applications in credit bureaus.

In Brazilian credit bureaus, AI is already being used in processes such as:

• Instant credit score update
• Real-time fraud detection
• Automation of statistical models

The way forward: technology with humanity.

For Sfeir, the future lies in the combination of technology and humanity. "Artificial Intelligence should be seen as an Expanded Intelligence, a tool that amplifies human and institutional capabilities, provided it is used ethically, transparently, and responsibly.".

ANBC emphasizes that the responsible application of AI leads to reduced operational costs, increased accuracy in analyses, improved consumer experience, and expanded access to credit in a secure manner.

Global context

The topic has been on the agenda at international events discussing the ethical and responsible use of technology, reinforcing Brazil's role as an active participant in this global dialogue on AI and finance.

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