PeopleFund Adds AI-Based Risk Solution 'Airpack'... Contracts with Lotte Card, Jeonbuk Bank, and Others

Online investment-linked finance company PeopleFund has signed a supply contract for the artificial intelligence (AI) risk solution ‘AIRPACK’ developed to reduce personal credit loan delinquency rates with four institutions: Lotte Card, Jeonbuk Bank, KB Savings Bank, and Daol Savings Bank.

PeopleFund previously signed an AI risk solution supply contract with JB Woori Capital and is currently engaged in related discussions, including solution performance verification and pilot operations, with a total of 19 financial institutions.

PeopleFund’s ‘AIRPACK’ provides services including ▲ three types of AI credit risk solution software ▲ a real-time monitoring system for solution performance and solution upgrades for performance optimization ▲ risk strategy consulting ▲ and comprehensive IT system support for solution implementation.

Among them, the three types of AI credit risk solution software include over 140 AI credit evaluation models, an intentional personal rehabilitation prediction model, and XAI models. PeopleFund’s AI engineers developed these models by integrating AI technologies from four fields: computer vision, NLP (natural language processing), genetic engineering, and signal processing & econometrics.

Lee Suhwan, CEO of PeopleFund, said, “The investment and efforts to acquire the best AI technology in the financial sector are being validated in the market,” adding, “We will do our best to provide stable B2B service supply and ensure customer satisfaction for financial institutions.”

PeopleFund AI Risk Solution 'Airpack'. Photo by PeopleFund

This content was produced with the assistance of AI translation services.