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HomeFinTechFinbots.ai credit modelling platform to power Argenic’s SME lending

Finbots.ai credit modelling platform to power Argenic’s SME lending

Date:

Singapore-based Finbots.ai has partnered with Australian SME financial solutions provider Argenic to expand financing options for small and medium-sized enterprises (SMEs) in Australia. The partnership will leverage Finbots’ AI-powered credit modelling platform creditX and Argenic’s open banking capabilities to develop accurate credit scores and monitor portfolio risk against changing macroeconomic conditions.

Facts

  • Finbots.ai partners with Argenic to expand financing options for Australian SMEs.
  • Finbots’ credit modelling platform creditX uses AI to develop accurate credit scores.
  • Argenic’s open banking capabilities will be leveraged to develop these credit scores.
  • Argenic will monitor portfolio risk against changing macroeconomic conditions.
  • The partnership will “open new opportunities” for Argenic to democratise credit access for SMEs.
  • Finbots operates in eight countries across Asia Pacific, Middle East and Africa regions.
  • 98% of Australia’s 2.6 million businesses are SMEs, and Argenic’s financial inclusion drive aims to support these underserved businesses.

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