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Wing Bank to Deploy Scienaptic’s AI-Based Credit Decision Platform to Utilize State-of-the-Art Digital Credit Decision Process to Improve Financial Access in Cambodia
NEW YORK–(BUSINESS WIRE)–
Scienaptic Systems Inc.an innovative AI-based credit decision platform, announced that Wing Bank (Cambodia) Plc will deploy its service in its vast digital financial ecosystem.
“We are excited to use Scienaptic’s AI-powered credit decision platform to support our lending customers and improve their lives financially,” commented Han Peng Kwang, Managing Director of Wing Bank. “Sciaptic’s expertise in the use of AI-powered and tailored loan models with their proven credit decision engine platform will help us analyze the eligibility of loan customers to qualify. for loans almost instantly based on customer data.”
Operating in Cambodia for 13 years, Wing Bank has worked diligently towards its vision of providing every Cambodian with convenient access to relevant financial services for the betterment of their daily lives. Wing Bank intends to expand its services by enabling customers across Cambodia, even in the most remote areas, to apply for loans. Scienaptic’s AI-powered credit underwriting platform will allow Wing Bank to pre-approve eligible users for loans and automatically process applications from interested customers. This process will expedite loan approval and contribute to community development.
Joydip Gupta, Head of APAC Affairs at Scienaptic, said, “We are very fortunate to be part of Wing’s vision of greater financial inclusion for Cambodians. We’re excited to help Wing build a profitable lending business while helping its users improve lives. Our platform and clever use of the AI model allows us to continuously experiment and learn as we refine building a scalable business while providing the right amount of credit to customers. »
Scienaptic shares the same financial inclusion aspirations with Wing Bank and honors its vision to provide the community with convenient access to financial services for the betterment of their daily lives.
Scienaptic is on a mission to increase the availability of credit by transforming the technology used in credit decision making. Over 150 years of credit experience is integrated into Scienaptic’s AI-powered native credit decision platform. Our clients from banks, credit unions, fintech and other lenders use the platform to constantly improve the quality of underwriting decisions. This allows them to say “yes” to borrowers more often and faster. The platform is used by lenders with assets exceeding $100 billion, enabling them to process more than $22 billion in credit decisions, benefiting more than two million credit union members and million borrowers at banks, car lenders and online. For more information, visit http://www.sciaptic.ai.
About Wing Bank (Cambodia) Plc
Wing Bank (Cambodia) Plc – the bank for every Cambodian – is driven by the vision of providing every Cambodian with convenient access to relevant financial services and for the betterment of their daily lives.
Wing Bank has revolutionized the way Cambodians access financial services by introducing instant, secure and convenient mobile financial services since August 18, 2008.
Today, Wing Bank serves the entire Cambodian population with 100% coverage of Cambodia’s districts through the innovative Wing app and partnerships with industry giants such as Mastercard, MoneyGram, AliPay, WeChat Pay, Western Union, Visa and Ria.
Wing Bank offers a range of advanced financial products for both individuals and businesses. These include loans, deposits, micro-savings, credit referral services, money transfers, utility and insurance payments, supply chain payments, payroll services and even phone top-ups. In addition, Wing offers retail payments through “WingPay”, and also introduced “WingMall” e-commerce platform.
Businesses large and small now use Wing’s payroll and disbursement services, which speeds up payments.
Wing Bank is committed to providing financial, gender and digital inclusion to the unbanked and underbanked, enabling every Cambodian to enjoy convenience and security in financial services.
For more information, please visit www.wingmoney.com
For media, please contact Mr Soratha Chan on 012 726 117 or [email protected]