PFCT CEO Lee Soo-hwan held a meeting at the headquarters in Seocho-gu, Seoul on the 15th and said, "We are supplying financial companies with core technologies that operate in the P2P loan business as a service software (SaaS) called 'Airpack,' and sales will occur in nine countries abroad soon."

"The real artificial intelligence (AI) transition in the financial sector is not just about introducing chatbots, it's about applying AI to the entire process of lending."

PFCT, which started as an online investment-linked financial industry (P2P) loan in 2015, is now transforming into a company that provides AI-based financial solutions to financial companies.

PFCT is a place that operates a P2P loan platform that connects individuals and investors who want to borrow money, and supports a monthly loan process worth 60 billion won to 70 billion won.

The characteristic of PFCT is its low delinquency rate. CEO Lee said, "The average delinquency rate for 12 months is about 3.27% but recently it is around 0.2%," adding, "It is less than half of the savings bank or capital sector, which has a delinquency rate of nearly 10%.

PFCT began to respond to the delinquency rate problem by applying AI and algorithms to the entire process from data analysis to credit rating model development and loan execution and operation.

For example, in the credit rating model, AI creates 10,000 models for a week and then selects and utilizes the optimal model. If learning is difficult due to low data, such as poor loan customers, it creates and supplements virtual delinquents through synthetic data, such as regenerating credit information.

In the loan review process, AI agents are developed for each area that needs to be reviewed, such as agents that examine income and agents that examine age groups, to determine loan suitability.

PFCT has turned this solution into an "airpack," a financial vertical solution. It is a collection of AI solutions necessary for the loan process, from data preprocessing to model development, and financial companies can apply the necessary solutions in the form of modules. Shinhan Card, Lotte Card, SBI Savings Bank, and OK Savings Bank are customers of Air Pack.

Beyond the domestic market, PFCT is also focusing on overseas expansion. It has already started supplying solutions to Indonesia, Vietnam, and Australia, with 30% of all contracts occurring overseas as of last year.

CEO Lee said, "There are no dominant companies in the area of changing credit ratings to AI," adding, "We will boldly challenge the US and UK markets."