PFCT (CEO Soo-hwan Lee), an AI-based financial technology company, announced on the 10th that it has signed a supply contract with Australian financial institution Finance One to supply its AI risk management solution package, "AIRPACK." The contract is for three years, and through this contract, PFCT will supply "AIRLab" and "AIRStudio," core modules of AIRPACK.
With this agreement, PFCT expands its air pack supply to three countries, following Indonesia and Vietnam, by entering the Australian market. The company anticipates that this Australian expansion will serve as a bridgehead for expansion into Western markets and a crucial testing ground for its future global market expansion strategy.
AIRPAK is an integrated risk management solution comprised of the AI credit rating model "AIRModel," the data analysis and strategy design tool "AIRLab," and the strategy execution and performance monitoring tool "AIRStudio." AIRLAB analyzes large-scale data using AI to automatically design optimal risk strategies, while AIRStudio distributes and operates these strategies in real time, supporting ongoing performance monitoring and strategy improvement.
FinanceOne, a non-banking fintech company targeting customers with limited credit history, plans to apply PFCT's solutions to various financial products, including personal credit loans, auto loans, home mortgage loans, and small business loans.
Through this agreement, PFCT plans to validate its technology in the Australian market, where digital financial infrastructure is rapidly developing, and use this as a foundation for its full-scale expansion into advanced markets such as the United States.
CEO Lee Soo-hwan said, “This collaboration demonstrates the competitiveness of Korea’s AI financial technology in advanced financial markets,” and added, “PFCT will use Australia as a global testbed to further accelerate the overseas expansion of K-finance technology.”
- See more related articles
You must be logged in to post a comment.