PFC Technologies Supplies 'Air Pack' to OK Savings Bank

AI Risk Management Solution... Reducing Delinquency and Default Rates

[Image source=PFCTechnologies]

Technology finance company PFC Technologies announced on the 23rd that it will supply its AI risk management solution 'AirPac', developed to reduce credit loan delinquency and default rates, to OK Savings Bank.

PFC Technologies expects OK Savings Bank to secure healthier loan assets and strengthen profitability by utilizing AirPac's AI solution. AirPac's solution consists of four main components: risk assessment and loan approval strategy optimization, real-time monitoring of loan indicators, internal financial institution data learning, and AI model generation.

So far, PFC Technologies has finalized supply contracts for AirPac with financial institutions such as Lotte Card and Jeonbuk Bank.

Lee Suhwan, CEO of PFC Technologies, said, "We are pleased to collaborate with OK Financial Group through long discussions to innovate the mid-interest loan market using AI technology," adding, "We will continue to contribute to expanding financial services for ordinary citizens based on AI technology."