Wing Bank selects Scienaptic to enhance financial access in Cambodia
By Leandra Monteiro
Scienaptic Systems Inc., an AI-powered credit decisioning platform, announced that Wing Bank (Cambodia) Plc will deploy its service across its extensive digital financial ecosystem.
“We are very excited to use Scienaptic’s AI-based credit decisioning platform to support our loan customers and improve their lives financially,” commented Han Peng Kwang, Chief Executive Officer at Wing Bank. “Scienaptic’s domain expertise in using AI-powered lending models and tailored along with their proven credit decisioning engine platform will help us analyse the eligibility of loan customers to qualify for loans almost instantly based on the customer’s 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 improvement of their daily life. Wing Bank intends to expand its services by allowing 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 of interested customers. This process will speed up the loan approval and contribute to community development.
Joydip Gupta, Head of APAC Business at Scienaptic, said, “We are very fortunate to be a part of Wing’s vision of greater financial inclusion for Cambodians. We are excited to help Wing build a profitable lending business while helping its users improve lives. Our platform and smart use of AI model allows us to experiment and continuously 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 honours its vision of providing the community with convenient access to financial services for the improvement of their daily lives.
IBSi Daily News Analysis
December 01, 2023
UAE consumers turn to banks for advice on sustainable financeRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage