AEON Credit is partnering with Japan based Global AI Innovations Laboratory Co., Ltd. to provide AI-based credit scoring services, in efforts to enhance the motorcycle loan application processes.
GAILABO AI Credit Scoring Service is a Software as a Service. The AI learns customer information of financial institutions (not including Personal Identifiable Information) and visualizes the applicant’s payment capability.
The service enables immediate response to changes in the environment through timely updates and enhancement of the accuracy of AI model through the use of tremendous data (credit bureau data, alternative data, etc.).
AEON Credit is aiming to facilitate the increased motorcycle demands which are supported by the consistent Gross Domestic Product (GDP) growth and increased lifestyle demands. In view of this, the company said the AI-based credit scoring service provided by GAILABO will optimise and enhance the application process by accessing the data to allow AEON Credit in providing a seamless experience and instant approval to the eligible applicants.
