UOB, fintech Value3 Advisory to launch AI-enabled credit rating platform in Asean

UNITED Overseas Bank's asset management arm has tied up with fintech startup Value3 Advisory to launch an artificial intelligence-enabled credit rating platform in Asean to help bond investors make more effective investment decisions.

This partnership seeks to bring Value3 Advisory's AlgoCRED AI-platform - an online portal offering automated credit ratings, research and insights for the region’s corporate bonds - to investors in the region, said UOB Asset Management in a statement on Wednesday. Asset managers, financial advisory firms and institutional investors will soon be able to access independent credit ratings for unrated bonds in Asean on the AlgoCRED platform. This will enable bond investors to evaluate more accurately the issuers’ credit worthiness, as well as the issuances' investment merits, said UOBAM.

AlgoCRED is currently available only in Switzerland, covering some 1,400 Swiss franc-denominated bonds. The portal is set to go live in Singapore in December and subsequently in other Asean markets.UOBAM said it will combine its regional investment expertise with Value3 Advisory's machine learning and natural language processing technologies, to develop thorough predictive analytics of Asean corporate bond issuers’ financial and non-financial data collected from diverse sources.

Technology Technology Latest News, Technology Technology Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Singapore is top draw in Asean for fintech fundingFINANCIAL technology (fintech) firms in Singapore continued to attract the lion's share of global funding among Asean countries, and the Republic remains the preferred base for fintech firms in the region, a new report by United Overseas Bank (UOB), PwC and the Singapore FinTech Association (SFA) has found. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Singapore fintechs get lion's share of investments to Asean countries: ReportSINGAPORE - Financial technology (fintech) firms in Singapore continued to attract the lion's share of global funding among Asean countries, and the Republic remains the preferred base for fintech firms in the region.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »