Toss is collaborating with PFCT, an AI-based financial technology company, to develop customized credit scoring models for financial institutions.
On September 9, Toss announced that it has signed a strategic memorandum of understanding (MOU) with PFCT to enhance credit evaluation models.
In this partnership, Toss will utilize its alternative credit evaluation model, Toss Score, developed in collaboration with Korea Evaluation Data, along with various data sources to create tailored credit scoring models for different financial companies.
PFCT will supply these models to financial institutions through its lending technology solution, AirPack, and support their application in actual credit assessment processes.
This initiative is expected to open new opportunities for individuals who may have been excluded from traditional financial services due to a lack of income or financial history.
Shin Hyun-ho, Vice President of Toss's Financial Division, stated, "Through our collaboration with PFCT, we aim to enhance the assessment capabilities of financial institutions and help more customers access financial services under conditions that suit them."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.