Cambodian commercial bank Sathapana Bank has partnered with finbots.ai, an AI-powered credit scoring software provider backed by Accel, to bolster its credit risk management.
With finbots.ai’s AI- led credit modelling platform credit, Sathapana Bank will be able to better assess credit worthiness of applicants for personal, home, agriculture, and SME loans.
Additionally, the bank will be able to build high accuracy behaviour scorecards on demand, to manage their portfolios in real-time, allowing it to proactively reward good customers and take mitigating action for risky customers.
With this partnership, finbots.ai has expanded its footprint to now have a presence in 9 countries across Asia Pacific and Middle East markets.
finbots.ai has recently successfully completed A.I. Verify pilot, the world’s first AI governance testing framework and toolkit developed by Singapore Government’s Infocomm Media Development Authority (IMDA) and Personal Data Protection Commission (PDPC).
Fung Kai Jin, CEO of Sathapana Bank said,
“As a leading commercial bank, we recognise the value of partnering with innovative companies providing next-generation technologies to provide better credit access to our clients.
finbots.ai’s solution creditX is a transformative solution that will help us strengthen our credit risk management and enhance our operational efficiency and agility.”
Sanjay Uppal, Founder and CEO of finbots.ai said,
“We are proud to make our foray into an exciting market like Cambodia with Sathapana Bank. I am confident that our transformative AI platform will open new opportunities for the bank across their full credit lifecycle and enable them to profitably grow their lending business with adequate guardrails.
We are seeing creditX become a preferred option across markets for retail and SME banks as well as fintechs, and this deal is a further reinforcement of our platform’s capability to rewrite the credit decisioning playbook for lenders.”
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- Source: https://fintechnews.sg/74520/ai/finbots-ai-partners-sathapana-bank-to-make-foray-into-cambodia/