Finbots.ai says its AI credit modelling solution creditX will enable Baiduri Bank to “develop and deploy high quality credit scorecards at a fraction of the time and cost”.
“This will result in reduced credit risk, improved efficiency and greater agility for retail and small and medium-sized enterprises (SMEs) and accelerate the bank’s financial inclusion drive for the underserved credit market,” Finbots.ai says.
The partnership makes Baiduri Bank the first bank in Brunei to migrate to an AI-powered credit risk management solution.
