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How we change the finance industry with AI

Aug. 23. 2021

How we change the finance industry with AI

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We live in a world where management can be more effective with artificial intelligence (AI). Using real-time enterprise data, AI solutions, data analysts, and algorithm professionals analyze customers’ status, predict which product is recommendable, and carry out demand-based inventory management by sharing relevant information with distribution centers. With the expansion of this trend, AI liberates humans from basic labor and provides a scientific foundation for various decision-making processes by cooperating with humans rather than replacing them.

AI has automated the process in many areas, such as disease diagnosis, translation, and call center functions. It is changing industries and expanding its fields further. Innovating finance through core modules necessary for decision-making processes in the finance industry, AIZEN Global continues to focus on “finance.” AIZEN established an AI overdue prediction platform, which is a first in the industry, detected abnormal transactions of card companies through deep learning, and produced an AI platform with 99% accuracy that performs an attribute analysis of insurance claims. It also developed an AI prediction model to calculate interest rates and credit limits, launched banking services in Southeast Asian markets, and completed an AI-based anti–money laundering model. All these attempts are new in the finance industry, and AIZEN has succeeded in making these products more sophisticated.

Technologies making it possible to apply and study numerous core functions of finance and quickly process a large amount of data, automatically learn and update models, and allow for real-time processes to remain at par with financial companies are AIZEN’s core assets. AIZEN’s AI-based financial solution “ABACUS” incorporates the core expertise of its team, which consists of members from global financial and IT companies. Unlike general-purpose US AutoML solutions, ABACUS, with “AutoML specialized in the financial sector,” became the foundation of speedy financial innovation. For all projects, ABACUS performs real-time predictions based on data analysis, modeling, and modeling results. Ultimately, future financial services will be provided based on real-time decision-making using AI solutions.

AIZEN also launched “CreditConnect,” a banking-as-a-service, in the Vietnamese market to resolve credit gaps in response to the needs and demands of financial institutions and data platforms. This will be developed into an AI platform that can provide finance in the data economy based on AIZEN’s “AI-based finance” technologies. With its AI automated credit decision-making processes, AIZEN established a system that can grow in Asian and global markets, as well as domestic ones. Based on its proven AI technologies, AIZEN has formulated a design to operate global businesses, and “CreditConnect” has become a platform to “connect” financial and nonfinancial sectors.