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Fintech Innovation with AI Banking Service

2020.06.08

Fintech Innovation with AI Banking Service

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AIZEN has recently raised funding from Korea Growth Investment Corporation (KGIC, also known as K-Growth), a state-led fund-of-funds management company. Fintech Innovation Private Equity Investment Fund is its first inaugural fund-of-funds led by major Korean banks including Shinhan, KEB Hana, Woori, and KB Kookmin Bank to promote strategic partnerships between banks and fintech startups. We serve as an intermediate facilitator between legacy banks and B2C marketplace platforms by providing banking “as-a-service”. Our proprietary technology creates values by combining multiple sources of data and offering ‘rationale’ to offer banking services via data economy platforms. This gives a new source of revenue for B2C companies and a strategic opportunity for banks to expand the customer base in emerging markets. We are currently looking to launch AI banking-as-a-service in Vietnam and Indonesia to offer more affordable and accessible retail banking services via data-rich platforms.