Cambodia's Sathapana Bank incorporates AI for credit risk management
It aims to power its credit risk management with Artificial Intelligence (AI).
Singapore-based financial technology company finbots.ai has been tapped by Cambodian commercial bank, Sathapana Bank, for credit risk management.
Through finbots.ai, Sathapana Bank would be one of the first institutions in Cambodia to incorporate AI-powered credit risk management.
Sathapana Bank will enhance its ability to evaluate creditworthiness for various loan types, such as personal, home, agriculture, and SME loans.
The bank will also develop precise Behavior Scorecards in real-time to proactively manage customer portfolios, rewarding reliable customers and taking necessary measures for higher-risk customers.
As a result, the bank's retail and SME business will benefit from reduced credit risks, increased approval rates, and improved operational efficiency.