Insight

Insight

Platform banking, more companies other financial services powered by C…

More and more non-financial companies will bring innovation through AI in the future. Many data platform companies need supply chain finance to quickly supply "finance" to their customers. In the process, AI core technology will develop into an essential competitive edge for companies. Companies will make decisions based on AI financial technology to provide their customers with more personalized and optimal services.AIZEN Global provides Banking-as-a-Service and CreditConnect by incorporating AI into the core technology required for the credit model and the value chain of credit provision, which are the most critical parts of banking.

CreditConnect, rapid implementation and a swift time to market are pri…

AIZEN Global provides Banking-as-a-Service and CreditConnect by incorporating AI into the core technology required for the credit model and the value chain of credit provision, which are the most critical parts of banking. It integrates AI models based on credit information from newly created data platforms to quickly produce risk-based decisions required for loan processing.Many data platform companies need supply chain finance to quickly supply "finance" to their customers. In the process, AI core technology will develop into an essential competitive edge for companies.

'EV-CreditConnect' can be used to analyze data on the battery to help …

AIZEN Global is providing core patented AI technology and data convergence solutions for AI-based financial services in the rapidly growing mobility market. In particular, the company is equipped with patented technology for providing credit services based on battery data, which is a key component of the e-mobility market, as well as operating a risk management system through a battery management system and providing its CreditConnect solution, which connects AI loan services.

AIZEN, the Data Big Bang, leads the AI Financial Innovation in Asia

We’re now living in the age of the ‘Data Big Bang’. Various companies have started using the significant influx of data to provide people with affordable financial services via AI Banking-as-a-Service (AI BaaS). Today, artificial intelligence (AI) uses the values of new data occurring from various data platforms to create new models that are linked to financial services. As more online businesses emerge and generate more data than ever, many innovative fintech services are now deeply integrated into the business’ value chain. Here, AIZEN is recognized as one of the leading AI financial technology platforms in Asia, most recently selected by the Monetary Authority of Singapore (MAS) as a top innovator for the ‘Responsible AI’ in Finance. The company was also the second-place winner at the MAS FinTech Awards; first place at the Hong Kong FinTech Week; and named Gartner Cool Vendors in AI for FinTech. AIZEN has been expanding its AI banking services in Vietnam, a country with a rapid fintech adoption and a booming data economy. We have secured more than 100 local data economy partners within several months since the launch of ‘CreditConnect’ and we are now connecting various Vietnamese data platforms to new financial opportunities. The key to financial innovation is the combination of the ‘Data Big Bang’ and various industrial data and specialized technologies that connect the financial industry with other stakeholders. AIZEN established the financial infrastructure to quickly provide financial services based on CreditConnect credit facilitating platform designed to connect business borrowers in the data economy with our bank partners. AIZEN applies sophisticated AI models to core financial decision-making processes, integrating its dynamic AI credit operating system with the end-to-end credit cycle.
AIZEN is expanding banking technologies to various industries and supp…

AIZEN completed designing the AI banking infrastructure based on the information obtained by integrating calculated accounts of 20 Korean commercial banks and the data gathered by analyzing the sales, including revenue trends of similar business types, sales statistics, and calculated expected payment (credit sales) of recent shopping transactions worth over KRW 2.3 trillion made on Gmarket, Coupang, SSG.com, 11st, auction, and KG Inicis, among others. We are focusing on sectors where finance is not connected to distribution to expand the financial services of individual online shopping business owners and are using elaborate AI models to support the owners’ decision-making. In the rapidly growing e-vehicle market, we are applying AI models based on vehicle battery performance data and operation data to develop a predicting model for managing optimal performance and build the financial infrastructure based on them. For e-vehicles, the cost of batteries accounts for about 40 percent of the total price, making performance management and maintenance crucial. Thus, providing financial services based on their predicted expected lifespan is possible. AIZEN Global is applying for patents related to e-vehicle batteries and continuously expanding financial services. Fully combining various data and connecting them to the financial industry leads to the globalization of “banking services.” “Credit Connect” has advanced into Vietnam and Indonesia, and we have secured 117 affiliated businesses to expand our credit-creating ecosystem in Southeast Asia. In particular, “Credit Connect” is being applied to the largest medical platform, delivery platform, and digital solution platform in the rapidly growing Vietnamese market. In addition, we have signed partnership agreements with local financial institutions, including the Vietnam Maritime Commercial Joint Stock Bank (MSB), to provide financial services to nonfinancial industries.

AI Finance “AIZEN Global” Fully Expands its “Banking Service” Ecosyste…

Artificial intelligence (AI) is applied to different fields in finance, and the transition to digital and Fintech is rapidly increasing. AIZEN Global uses AI banking technology to expand financial services to e-commerce and electric vehicle (e-vehicle) battery industries, thereby fully expanding the data economy. We developed “Credit Connect” connecting financial institutions and industries to possibly provide “banking services” to nonfinancial industries. Our calculating platform is based on online businesses that have applied “Credit Connect,” so we can speedily offer financial services to the businesses based on information gathered from up to 45 malls. In the e-vehicle battery industry, the clients’ credit decision-making, which used to be difficult to evaluate using the existing data, is meticulously analyzed using the AI of “Credit Connect.” We are now focusing on expanding our financial services. AIZEN Global has recently been ranked the top second among global companies by the Monetary Authority of Singapore (MAS) and one of the top 10 responsible AI companies. As such, we have expanded our financial technologies using “reinforcement learning.” We are changing our ecosystem to convert diverse nonfinancial data with credit technology using AI financial models and provide “banking services.” In particular, we are expanding the automated elemental technologies necessary for loaning processes, securing patents for them, combining various data, and strengthening the automation of decision-making based on AI finance models. So far, we have made it possible to supply credit by connecting data platforms and financial institutions with speedy financial decision-making based on the client information of the rapidly changing e-commerce, battery market, and other new data platforms.