Fijians will soon benefit from faster, fairer, and more convenient access to finance, thanks to a new AI-assisted credit assessment tool developed by Third Roc and launched today by the Fiji Development Bank in Suva.
The pilot project, which forms part of FDB’s digital transformation journey, is designed to modernise loan processing by reducing turnaround times, improving accuracy, and simplifying credit access, particularly for women, youth, entrepreneurs, and small businesses.
FDB Chief Executive Officer Filimoni Waqabaca says the project represents the bank’s first stride in testing and refining an AI-driven approach that will transform how FDB supports its customers.
He says that for customers, this means shorter turnaround times, better communication, and a simpler process for assessing credit.
He says the new AI-assisted tool will be available through the FDB mobile app and web platform, providing customers with a faster and smarter way to have their loan applications preliminarily assessed.
The CEO says that during the first 12 months of the pilot, the system will be offered to existing customers with established credit histories.
He says the platform will assess loans of up to $100,000, including unsecured loans of up to $10,000, provided customers meet key eligibility requirements.
Director of Third Roc, Shivnil Maharaj says the project is more than just a digital upgrade; it is about humanising access to credit and redefining how financial institutions assess potential.
He says Third Roc was responsible for developing this tool and their credit intelligence system analyses real-life behavioural data such as sales patterns and digital interactions to assess true performance.
He adds that the partnership with FDB marks the beginning of a movement to make financial inclusion measurable, scalable and unstoppable across the Pacific.
Minister for Finance Esrom Immanuel says this pilot is more than a technological milestone; it signifies Fiji’s transition into a digital, knowledge-driven economy where smart policy and innovation intersect to deliver real benefits for people.
He says the AI-driven platform will help remove long-standing barriers that have kept many capable Fijians from accessing credit due to a lack of collateral or data.
The Minister emphasised that while AI enhances speed and accuracy, final lending decisions will remain with FDB’s experienced credit officers.
He adds that with the right safeguards, training and collaboration, AI can become a bridge to opportunity for every Fijian.
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