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flag Report highlights AI's role in African banking's digital shift to reach more customers, despite challenges.

flag Backbase and African Banker released a report on the digital transformation of African banking, based on a survey of over 200 senior executives. flag The report highlights retail banking's key role in this shift, focusing on AI for reaching unbanked populations, improving operational efficiency, and expanding market share. flag It also notes challenges like digital literacy and cybersecurity. flag A case study of Mauritius Commercial Bank shows how digital platforms can launch new services rapidly.

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