finbots.ai’s Artificial Intelligence (AI) credit modelling solution, finbots creditX, will enable M bank to rapidly develop and deploy high accuracy Application and Behaviour Scorecards with superior predictive power and stability. This will help M bank accelerate new customer acquisition as well as effectively manage the risk levels of existing customers.
This will also help M bank overcome limitations faced with legacy credit modelling methods in quickly recalibrating credit models in line with rapid market developments. finbots creditX will allow M bank to recalibrate existing models or develop and deploy new credit models within hours, a process that used to take M bank three to six months previously.
This deal with M bank follows finbots.ai’s recent announcement of signing their first client in Indonesia.