PFC Technologies Supplies 'Airpack' to SBI Savings Bank

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Technology finance company PFCTechnologies (PFCT) announced on the 14th that it will supply its AI risk management solution, 'Airpack,' developed to reduce credit loan delinquency and default rates, to SBI Savings Bank.

PFCT expects SBI Savings Bank to improve the asset soundness and profitability of credit loans by utilizing Airpack's AI solution. Airpack's solution consists of four components: risk assessment and loan approval strategy optimization, real-time monitoring of loan indicators, internal financial institution data learning, and AI model generation.

Previously, PFCT signed B2B solution usage contracts with three savings banks: OK Savings Bank, KB Savings Bank, and Daol Savings Bank. Additionally, as a result of pilot service operations with 19 major domestic financial institutions, the default rate was reduced by up to 26.2%, and the approval rate increased to 24.6%.

Lee Suhwan, CEO of PFCT, said, "The addition of SBI Savings Bank as a client marks a significant milestone in PFCT's B2B solution business," adding, "We will do our best to develop technology and services that help strengthen the asset soundness and profitability of SBI Savings Bank's personal credit loans and enhance the satisfaction of institutional clients."

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