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Originally published byThe Standard Business
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September 13, 2026
3w ago

CBK warns banks against use of AI to reject or approve loans

CBK warns banks against use of AI to reject or approve loans

In recent years, a majority of Kenyan banks have quietly embedded Artificial Intelligence (AI) into the core of their operations...

✨ Key Highlights

The Central Bank of Kenya (CBK) has issued a warning to Kenyan banks regarding the use of Artificial Intelligence (AI) in loan application processes.

  • Half of all licensed institutions had adopted AI solutions as of a 2025 survey.
  • The CBK is concerned about AI being used to unfairly reject or approve loans.
  • A tier-one lender reportedly uses AI to approve mobile loans totaling Sh1.5 billion daily.

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