Mexmovil and Intent HQ join forces to promote financial inclusion for women in emerging economies
Intent HQ is a privacy-first Customer Analytics Platform that generates uniquely human insights from complex behavioral data streams.
Sharifah Amirah, Chief Client Officer at Intent HQ
mexmovil logo
Mexmovil will utilize Intent HQ’s privacy-safe AI platform to derive insights and generate alternative credit scores for women in emerging economies
The pilot project, which is set to commence in June of this year, will benefit 20,000 women in Mexico. The project's goal is to provide these women with access to financial products and credit at more affordable rates. The results of the trial are expected in Q3 2023.
Mexmovil will utilize Intent HQ's Edge AI to extract privacy-safe behavioral insights from its telecommunications data. The insights gathered will be used to develop a more inclusive credit scoring system and address the lack of access to affordable credit for women in emerging economies, where interest rates are often extortionate.
Many women in Mexico subscribe to micro-loans at an annual interest rate of anywhere between 40-130%, highlighting the urgent need for a more inclusive credit scoring system. In addition, women are massively under-represented among both venture-backed entrepreneurs and VC investors. Women-founded companies receive less than 3% of all venture capital investments, while women account for less than 15% of check-writers.
“In a landscape where conversations around AI are often fear-based, we are excited to leverage this advanced technology and show all of the good that you can do with AI,” says Nadia Macicakova, CEO of mexmovil. “I am thrilled to have a partner like Intent HQ that will help us to fill those gaps in these women’s lives in a safe and ethical way.”
Sharifah Amirah, Chief Client Officer at Intent HQ, added, "We are very excited about the partnership with mexmovil and this unique opportunity to create positive social impact using Intent HQ's AI. By leveraging the power of data and advanced analytics, we can create fairer financial systems that work for everyone."
If you would like to learn more about the initiative, please watch the entire video discussion kicking off the partnership here. To inquire about getting involved in developing credit scores for women in emerging markets, please email mexmovil@mexmovil.com.
About Intent HQ
Intent HQ is a privacy-first Customer Analytics Platform. We ensure organizations truly understand their customers on an individual level to deliver real value in marketing, customer experience and monetization. To learn more, please visit https://intenthq.com/.
About mexmovil
Mexmovil™ is a virtual mobile operator and big data brand, owned by Pajal Telecomunicaciones, SA de CV, which offers the entire spectrum of mobile services with 95% coverage within Mexico. We provide innovative, transparent and affordable solutions so that our customers can stream, surf, talk and connect from anywhere thanks to a high-quality network. To learn more about Mexmovil, please visit https://www.mexmovil.com/.
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Colin White
Intent HQ
colin.white@intenthq.com
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