Expanding a business intelligence support and services here in the Philippines is sometimes hard, and that’s why Credit Bureau Agency CIBI signed a contract for partnership with ADVANCE.AI to expand the range of business support in the Philippines, last April 22.
ADVANCE.AI is a Singapore-headquarter AI and a big data company to use innovative AI and computer vision technology.
It’s a leading AI and big data company in Asia that enjoyed strong growth in 2020, aided by the acceleration of digitalization of the banking and financial services sectors across Southeast Asia, India and mainland China, Headquartered in Singapore, it currently partners 1,000 enterprise clients including large multinational banks and financial services organizations, as well as regional fintechs, payments, retail and e-commerce platforms that are looking to digitally transform operations, manage risk and optimize resource efficiency.
““Our market-leading AI and computer vision technology will allow CIBI to expand its range of critical business data and intelligence reporting solutions, with the ultimate aim of better supporting underbanked and underserved businesses in the Philippines,” Dong Shou, CEO of ADAVANCE.AI said
He also added that, this is more important than ever in the current COVID landscape, as they help accelerate the digitalization of the economy, and in doing so, help million of Filipinos and business gain access to new financial products and services.
in 1982, Credit Information Exchange System were attached to the Central Bank to the Philippines
CIBI Information Inc. is the Philippines’ first and only local credit reporting agency engaged in information gathering, data management, and analytics.
According to Marlo R Cruz, President and CEO of CIBI Information Inc, that as a forward-looking and digital-first organisation, CIBI always looks to be one step ahead.
“This partnership with ADVANCE.AI facilitates our mission to give Filipino businesses easier access to a range of business intelligence services, including credit and data reporting through a more efficient internal system. This marks the beginning of more opportunities for CIBI, as our partners enrich our capabilities and innovation,” he added
