AIZEN Global to expand e-mobility banking service in Indonesia

Seoul, South Korea, November 18, 2022 /PRNewswire/ — AIZEN Global (CEO Kang Jung-seok), an artificial intelligence (AI) financial services company, has signed a memorandum of understanding with NOA and SWAP, Indonesian e-bike sharing platform companies. The company said it decided to expand its financial services with e-bike data by Indonesia.

Member of the Born2Global Center (CEO Kim Jong-kap), AIZEN Global has entered into an alliance with NOA and SWAP, which lead indonesia rapidly growing e-bike sharing market. Through this opportunity, the company will be able to win customers based on the analysis of e-bike data using its AI banking technology and provide banking services locally by combining its data with that of its two partner companies.

The alliance will also enable AIZEN Global to create a new AI model capable of providing financial services based on various types of non-financial data, including NOA and SWAP operational information and e-bike battery data.

First, in collaboration with NOA, AIZEN Global will provide its CreditConnect service, which provides the NIU e-bike platform and banking services. This will enable the stable provision of services to local customers in Bali, Indonesia.

In addition, according to this memorandum of understanding, the company will assume the role of analyzing data from SWAP and its partners and providing financial services. Regarding financial services for e-bike batteries, SWAP will provide related data to AIZEN Global, while AIZEN Global will provide data collection, analysis and management services and AI banking.

SWAP prepares platform service for universal mobility devices, including e-bikes, to be used at G20 bali summit to be held at the end of this year. The company will also expand its electric mobility financing service in cooperation with AIZEN Global.

AIZEN Global provides core patented AI technology and data convergence solutions for AI-based financial services in the rapidly growing mobility market. In particular, the company is equipped with patented technology to provide credit services based on battery data, which is a key part of the e-mobility market, as well as to operate a risk management system. through a battery management system and provide its CreditConnect solution, which connects AI lending services. Exports of these fintech services are currently on the rise. The use of CreditConnect, which is a key solution currently used to connect non-financial and financial industries in Indonesia and VietnamAIZEN Global now provides its banking services to a number of subsidiaries in these countries.

Customers of data platforms (i.e. customers of non-financial companies) will benefit from financial services that offer a wide range of benefits, including high approval rates and reasonable interest rates. As a result, data platforms enable the provision of financial services that help secure more loyal customers. Additionally, financial institutions can expand their customer base through Banking-as-a-Service (BaaS).

AIZEN Global is now focused on strengthening its business in the ASEAN region, including the export of financial infrastructure and the provision of artificial intelligence technologies for future mobility financial services. The company was ranked second in the “Global” category at the Fintech Awards and selected as a finalist in the Global Veritas Challenge organized by the Monetary Authority of Singaporewhich enabled the company to engage in joint research on AI financial models with the Singapore financial authority. As a result, AIZEN Global has been recognized as an Asian Financial Innovation Company. Additionally, the company was listed as an “AI Cool” vendor by global IT research institute Gartner, ranked first in Hong Kong Fintech Week, and selected as one of the top 5 startups in a Vietnam start event. With its achievements having been so highly recognized in the Asian market, the company is now expanding its banking services in Asia.

CEO Kang Jung-seok of AIZEN Global said, “Now we have the opportunity to provide credit services that enable Indonesian e-bike sharing platforms to stably expand their e-bike services. He also added: “We have extended our CreditConnect service to be able to provide AI financial services to the mobility sector.”

About Born2Global Center

The Born2Global Centre, operated by Born2Global, is a full-cycle service platform that supports the global expansion of promising companies. Established in 2013 under the Ministry of Science and ICT, Born2Global has set the standards for a successful startup ecosystem in Korea and continues to scale and transform startups to be engaged, well-equipped and connected. to the world market.

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SOURCE Born2Global Center

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