PR Newswire
19 Apr 2023, 06:00 GMT+10
SINGAPORE, April 19, 2023 /PRNewswire/ -- Accel-backed finbots.ai, a Singapore headquartered B2B SaaS FinTech today announced signing Argenic - a growth stage Australian FinTech providing a suite of financial solutions for SMEs - as their latest client. With this, finbots.ai's fast growing customer base has extended to 8 countries across APAC and MEA markets.
Argenic, a Brisbane based FinTech, provides a decentralised banking platform offering local SMEs with a comprehensive suite of financial management services including payments, lending, and investment solutions.
finbots.ai's AI credit modelling platform creditX will leverage Argenic's rich Open Banking and historical data to develop high accuracy and agile credit scorecards at a fraction of the time and cost. This will result in improved efficiency and accelerate Argenic's financial inclusion drive for the underserved local SME market. Additionally, Argenic will be able to monitor portfolio risk by refreshing scorecards on demand amongst frequently changing macroeconomic indicators such as interest rate and inflation pressures.
Argenic selected creditX after a thorough evaluation for its ability to generate high quality scorecards on demand, ease of integration and fast time-to-value.
Sanjay Uppal, Founder and CEO of finbots.ai said, "We are proud to make our foray into Australia with a growth stage FinTech like Argenic. I am confident that our transformative AI platform will open new opportunities for Argenic to democratise credit access for SMEs, at scale and speed and with adequate guardrails. We are seeing a strong global demand for creditX from Retail and SME banks and FinTechs, and this deal is a further testament to our platform's capability rewrite the credit decisioning playbook for lenders."
Nick Holmes, Chief Operations Officer of Argenic Pty Ltd commented, "finbots.ai's advanced AI technology will enable Argenic's operations management to strengthen our capabilities in providing innovative solutions to our clients, improving their business processes, and increasing efficiency. We are excited to leverage finbots.ai's cutting-edge technology to add value to our clients and propel our company forward."
finbots.ai has recently successfully completed A.I. Verify pilot, the world's first AI governance testing framework and toolkit developed by Singapore Government's IMDA (Infocomm Media Development Authority) and PDPC (Personal Data Protection Commission). This validated the performance of creditX solution on principles of fair, explainable and trustworthy AI, in an objective and verifiable manner.
Get a daily dose of Asia Pacific Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Asia Pacific Star.
More InformationNew Delhi [India], July 14 (ANI): President Droupadi Murmu, graced the fifth convocation ceremony of AIIMS, Bhubaneswar, at Bhubaneswar,...
Dubai [UAE], July 14 (ANI): Madhya Pradesh Chief Minister Mohan Yadav, currently on an official visit to the UAE as part of the MP...
Dubai [UAE], July 14 (ANI): Madhya Pradesh Chief Minister Dr Mohan Yadav met industry leaders in the UAE's trade sector during his...
(250714) -- SHENZHEN, July 14, 2025 (Xinhua) -- Tanaka Kokoro (R) of Japan competes during the Group B match between Japan and the...
New Delhi [India], July 14 (ANI): Minister of State for External Affairs Pabitra Margherita, during his recent Malaysia visit, emphasised...
Dubai [UAE], July 14 (ANI): Madhya Pradesh Chief Minister Mohan Yadav, currently on an official visit to the UAE as part of the MP...
NEW YORK CITY, New York: Bitcoin surged to a new all-time high this week, buoyed by growing institutional interest and a wave of pro-crypto...
SHENZHEN, China: As global chip competition intensifies, Huawei Technologies is exploring new markets in the Middle East and Southeast...
LONDON/NEW YORK CITY: American grocery bills may be headed higher as coffee and orange juice prices face upward pressure from new tariffs...
BATTLE CREEK, Michigan: In a major consolidation of iconic food brands, WK Kellogg has agreed to be acquired by the owner of Ferrero...
WASHINGTON, D.C.: Filmmaker Peter Jackson's lifelong fascination with the extinct giant New Zealand flightless bird called the moa...
NEW DELHI, India: India has submitted a revised proposal to the World Trade Organization (WTO) in Geneva to implement retaliatory tariffs...