J Fintech has teamed up with Humanica, Deepsparks and J Ventures to offer personal loans via a digital platform, chief executive officer Kitipat Chollavuth said, adding the company expects to offer Bt180 million to 15,000 borrowers by the end of this year.
Under the collaboration, Humanica will propose the new service to businesses and organisations while Deepsparks manages artificial intelligence and optical character recognition (OCR) technologies of the system to facilitate the input and evaluation of customers’ personal data.
J Ventires will handle software development and fintech application with an end-to-end solution.
Customers will be able to access the loan application process through a mobile app “Temjaipay”.
The app allows customers to input their personal information into the system, which will be evaluated using artificial intelligence (AI) technology.
The AI technology could help the company decide on a loan application in five minutes.
The service focuses on office workers, modern trade operators and employees of small and medium enterprise (SMEs).
“The digital lending platform is an alternative for those who prefer to make a loan application from their offices. Customers will pay an annual interest rate of 15 per cent on the loans,” said Kitipat.
Soontorn Dentham, chief executive officer at Humanica, a human resource service provider offering solutions to business and organisations, said the firm has 200,000 employees at more than 500 organisations on its client list.
The digital loan service not only allows an employee to receive a loan via the company he/she works for, it will also facilitate the deduction of monthly debt re-payment from their pays, he said.
The new service will be launched in June.