• 360 Finance improved fraud detection capability with Argus risk management model empowered with AI technology
• The Argus risk management model reduced delinquent rate by over 18%
• The Argus model aggregates borrower data in automation process relying on algorithm

Bangkok, May 30th, 2019- 360 Finance was awarded the Best Process Automation Initiative Application or Programme for 2019 at The Asian Banker Financial Technology and Platform Awards 2019. The awards ceremony was held in conjunction withThe Asian Banker Future of Finance Summit 2019, the foremost annual meeting for decision-makers in the financial services industry in the Asia Pacific region, held at the Shangri-La, Bangkok, Thailand.

Standing from left: Richard Hartung, International Resource Director, The Asian Banker; Xu Jun CEO, 360 Finance;Shen Yun, Chief Data Scientist, Department of Risk Control, 360 Finance; Neeti Aggarwal, Senior Manager, Research, The Asian Banker; David Gyori, International Resource Director, The Asian Banker

360 Finance boost fraud detection capability with Argus risk management model empowered with AI technology

360 Finance Argus risk management model is equipped with machine learning capability and has the ability for self- development. In the process of fraud detection, the model conducts the initial fraud screening of the prospective borrower. Relying on artificial intelligent technology, the process of credit application from submission to approval is achieved without human intervention. The internal credit decision only takes less than one minute, which boost overall operational efficiency.

The Argus risk management m...