Ant International, a prominent player in digital payments and financial technology, has announced a strategic partnership with Dock, a leading provider of payments and banking technology in Latin America. This collaboration aims to leverage AI-driven technologies to improve credit services for underserved market segments in Brazil, particularly micro, small, and medium-sized enterprises (MSMEs).
The partnership, unveiled today, marks a significant step in advancing financial inclusion in Brazil. By integrating Ant International’s advanced credit technology solutions into Dock’s existing platform, Dock One, the collaboration seeks to enhance the efficiency and effectiveness of credit management for Dock’s clients, which include financial institutions, retailers, and fintech start-ups.
In the initial phase, Ant International’s AI-powered credit technology, including an automated risk management engine, will be integrated into Dock One. This technology is expected to optimise credit decision-making processes, improve underwriting efficiency, and reduce operational costs for Dock’s clients. The enhanced credit operations and refined risk models will enable more precise credit assessments, allowing financial institutions to better serve a broader audience, particularly those who have been historically underserved.
The partnership is timely, given Brazil’s recent strides in financial inclusion. Despite progress, significant gaps remain, particularly for MSMEs and financially constrained groups. The Brazilian government has been actively promoting digital transformation and innovation in financial services to increase accessibility. The collaboration between Ant International and Dock is poised to contribute significantly to these efforts.
Dock has been at the forefront of advocating for a new credit paradigm tailored to Brazil’s unique market needs since 2022. By joining forces with Ant International, Dock aims to challenge the status quo in the financial sector and make credit more accessible to a wider range of businesses and individuals. Antonio Soares, CEO of Dock, emphasised the importance of this partnership, stating, “Ant International is the partner we needed to achieve our financial inclusion goals. By integrating their cutting-edge technology into our Dock One platform, we aim to significantly expand access to credit and advance financial inclusion in Brazil.”
Quan Yu, General Manager of Global Credit Tech at Ant International, echoed this sentiment, highlighting Brazil’s leadership in financial innovation and inclusion. “We are excited to partner with Dock in this dynamic market,” Yu said. “This collaboration reinforces our commitment to broadening financial accessibility by providing local institutions with AI-driven technologies to better support underserved businesses and communities. We believe in the power of collaboration to promote financial inclusion and are exploring further partnerships with industry leaders in the region.”
As the partnership unfolds, it is expected to create new growth opportunities and contribute to broader economic development in Brazil, reinforcing the country’s position as a leader in financial innovation.