"No Interruption in Personal Credit Loans Since Establishment...
The Only One in the Online Investment Industry"
Online investment-linked finance (P2P finance) company Eight Percent announced on the 18th that it is accelerating the process of linked investments with savings banks. It stated that it has the capability to provide stable returns to savings banks (institutional investors) by building a fraud detection artificial intelligence (AI)-based credit evaluation model.
Eight Percent said it is the only online investment company that has not stopped personal credit loans since its establishment in November 2014. It emphasized that it has undergone the longest credit evaluation model (CSS) verification in the industry.
Eight Percent's CSS 'E-Index 4.0' was created with AI equipped with fraud detection functions. It analyzes loan applicant data and pre-identifies financial fraud and high-risk borrowers. It detects risk factors early using deep learning-based anomaly detection technology.
CEO Lee Hyo-jin said, "Eight Percent has handled personal credit loan products for 40 consecutive quarters and has built a reliable screening model. Based on this, we will provide stable returns to savings banks."
Eight Percent explained that it operates its own bond management team to respond quickly and accurately when delinquencies occur. By employing veterans from the financial sector, it effectively lowers delinquency rates through data analysis for preemptive responses from early delinquency handling to legal procedures.
In the future, Eight Percent plans to expand partnerships with domestic financial institutions including savings banks, banks, securities firms, and insurance companies. It will continue to develop institutional investor-tailored financial products and advance credit evaluation models.
Eight Percent has focused on mid-interest loans, connecting 951 billion KRW through 47,000 loans and 19.75 million investments. The platform has 920,000 members. Last year, the transaction amount increased by 13% compared to the previous year to 188.2 billion KRW, and the loan balance grew by 18% to 137.3 billion KRW. The annual return rate of investment products recorded around 10% for five consecutive years.
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