KUALA LUMPUR, FinbotsAI, an Accel portfolio fintech, has collaborated with Worldline, a global payments leader, to put artificial intelligence (AI) credit modelling in the hands of financial institutions.
The collaboration will bring an AI-powered solution to help financial institutions level up their lending business through a no-code software as a service (SaaS) model that puts the ownership of credit modelling in the hands of Worldline’s clients of all sizes globally.
In a statement, FinbotsAI Chief Executive Officer (CEO) and Founder, Sanjay Uppal said the company is delighted to partner with Worldline to take its AI innovation to the world.
‘Backed by over six years of research and accreditation from Monetary Authority of Singapore regulators and Infocomm Media Development Authority towards building trustworthy AI, CreditX’s human-centred design enables lenders to confidently harness the power of AI in their transformation journey,’ he said.
Meanwhile, Worldline Financial Services, APAC CEO and Chief
Operating Officer, Noel Chow said the company believed that the collaboration would help its clients enhance their credit assessment processes and capitalise on new opportunities.
The FinbotsAI solution will enable financial institutions to develop and deploy credit scorecards with powerful AI and machine learning (ML) algorithms that are embedded across the value chain; from data to decisioning, for both individual and business lending.
CreditX blends the best of traditional and AI/ML modelling enabling credit risk modellers to quantum-build scorecards that are based on the modeller’s choice of data and parameters.
The human-centred AI design enables credit modellers to develop scorecards rapidly, leveraging AI to enhance the accuracy of each scorecard, all at a fraction of today’s costs.
Source: BERNAMA News Agency