Intelligent CIO Africa Issue 72 - Page 12

NEWS

Periculum launches personal finance management platform in Kenya information asymmetry that has plagued the credit market and increased access to credit facilities for borrowers in Kenya .

Michael Collins , Periculum ’ s Founder and Chief Executive Officer , said : “ Africa needs domestic credit to stimulate real economic growth . This is not only bank-to-business credit but it can also be personalised lending for short-term credit as well as buy now , paylater merchants .

Utambuzi , a personal finance management product that leverages Machine Learning ( ML ) to track income , expenses and plan budgets while providing insights on financial behaviour , has launched in Kenya .

Translating to ‘ insights ’ or ‘ diagnosis ’ in Swahili , Utambuzi users have access to onboarded , verified and credible lenders , for loan uses that range from student loans , refinancing loans , personal loans , home loans , mortgage refinancing and insurance .
With a platform that offers users easy access to verified lenders , and provides lenders with full information into a borrower ’ s affordability with over 80 Artificial Intelligence-powered variables that prove creditworthiness , Utambuzi has reduced the institutional void of
“ The absence of tech-enabled credit assessment infrastructure has limited the quality and quantity of lending and may be behind the risk premiums borrowers have to pay , and the harassment practised by predatory lenders within the continent . The lenders and borrowers , on both sides , have to resolve information asymmetry ; lenders want to assess creditworthiness and borrowers want credit from credible , reputable lenders .”

Vertiv introduces water-efficient liquid cooling solution for high-density data centres

Vertiv has introduced the Liebert XDU , a new generation of thermal management systems that supports liquid-cooled servers and enables the control of liquid quality , flow and pressure .

As high-density computing applications , such as data analytics and Machine Learning increase , rack densities and temperatures are exceeding the cooling capabilities of traditional air-cooled units and require more efficient and sustainable solutions . The Liebert XDU coolant distribution system enables the deployment of liquid-cooled server applications into any data centre environment , from core to Edge Computing sites .
“ High-performance computing applications such as Artificial Intelligence and Augmented Reality are growing in popularity at the same time that data centres are working to reduce their energy consumption and pushing the industry to find new , more sustainable solutions ,” said Roberto Felisi , Senior Global Director and EMEA Business Leader for Thermal Management , Vertiv .
The Liebert XDU is an innovative liquid-toliquid cooling distribution unit available in two capacities , 450kW and a model capable of up to 1368kW , circulating water through liquid-cooled server racks and rejecting the heat from the returning warm water . The system uses a closed water loop to avoid any waste and is capable of capturing heat to utilise it to warm nearby offices , homes or farms , supporting the circular economy .
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