AIZEN GLOBALCreditConnect

AIZEN Global has developed a business evaluation model by integrating the financial and nonfinancial data of small- and medium-sized enterprises (SMEs), ventures, and startups and using its big data–based AI analysis service. It has established a foundation for growth potential evaluation and risk-based evaluation of SMEs, which have fewer data, by developing default rate and preemptive risk response models with its AI financial solution, ABACUS. AIZEN Global has successfully modeled fine and risk business indices through AI analysis using superior technology to predict behavioral patterns based on the credit cycle.

The company will improve its value to evaluate businesses from diverse angles through machine learning–based business evaluation and provide information to financial institutions, public organizations, investors, and VCs in cooperation with a financial data–based AI model. In particular, it offers a risk management–based business AI model to customers facing difficulties in evaluating businesses with fewer data to discover fine enterprises and respond preemptively to companies at risk.

The potential of machine learning–based business evaluation has been proven with the high accuracy of the business evaluation model using nonfinancial data, such as employment, patent, and online information, as well as financial data. It will be applied as a risk-based evaluation model for evaluating the credit worthiness of businesses such as SME Loan. Specifically, AIZEN Global has supplied the financial AI solution ABACUS to Woori Bank, Hyundai Card, Woori Card, and Korea Social Security Information Service and has been leading the AI finance innovation in the Asian market as the best business selected by Samsung Finance. It also placed second at FinTech Awards by the Monetary Authority of Singapore (MAS), became part of the Top 10 Fintech finalists, by Standard Chartered Hong Kong Bank, and took first place at Hong Kong FinTech Week (as evaluated by Morgan Stanley and Goldman Sachs).

Based on the widely used solution in the top financial area, this business evaluation model will provide financial analysis service to several potential customers in need of evaluation of SME businesses.