SEOUL, South Korea, Aug. 19, 2021 /PRNewswire/ — AIZEN (AIZEN International), ranked first at Hong Kong FinTech Week’s Quick Observe Demo Present, has lately revealed its plan to increase its banking-as-a-service within the Southeast Asian market. As an organization, AIZEN has led innovation in monetary synthetic intelligence (AI) by way of Nobel Prize–profitable economics theories. The central piece of AIZEN’s management within the discipline of AI finance is its AutoML resolution “ABACUS,” which is a specialised resolution for monetary decision-making that’s serving as the premise for the corporate’s efforts in knowledge convergence. A few of the processes that AIZEN has efficiently utilized AI strategies to incorporate default prediction, digital technique, bank card commerce FDS (Credit score Card Fee Fraud Detection System with Deep Studying), insurance coverage underwriting, and declare sorting. These achievements signify how AIZEN is altering the finance business: by establishing an Autonomous Monetary Platform based mostly on billions of real-time algorithms. Its recognition because the second placer of Singaporean MAS International, belonging to the Gartner Cool Vendor listing, and one of many High 10 fintech companies chosen by Normal Chartered Hong Kong, is a testomony to its position as a gentle innovator of the Asian monetary market.

AIZEN’s “CreditConnect” service is a pioneer of banking-as-a-service for nonfinancial platforms in Southeast Asia, together with areas reminiscent of digital pockets, schooling, hospital operations, and e-commerce. CreditConnect hyperlinks prospects in nonfinancial knowledge platforms with monetary providers simply and shortly. It focuses notably on the “credit score cycle,” thereby offering well timed calculation of rates of interest and limits per buyer for credit score providers. CreditConnect “connects” typical monetary establishments by way of knowledge convergence, permitting knowledge platforms to launch monetary providers and monetary establishments to amass loyal prospects effectively. Its AI lending service has additionally been launched in Vietnam and Indonesia to extensive acclaim and use.

AIZEN is made up of consultants from world data know-how (IT) leaders and monetary establishments, such because the Worldwide Enterprise Machines Company (IBM), SAP, Citibank Hong Kong, Normal Chartered Financial institution, AXA, and Samsung. Their experience has allowed the corporate to use AI strategies to core monetary processes and has received continued belief and funding from buyers. The mannequin supplied by CreditConnect has additionally allowed the corporate to take care of its fast growth past the e-commerce market towards vehicle battery, logistics, and different fields requiring monetary providers. “Now we have a superlative monitor report in offering AI providers to the monetary sector utilizing our autonomous monetary platform,” AIZEN CEO Jung Seok Kang commented. “We try to supply a simple and fast choice for banking providers to quickly rising platform enterprises in Southeast Asia.”

SOURCE aizenglobal

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