Commercial Bank International (CBI) has revealed its investment in zypl.ai, a fintech startup leading the way in applying generative AI in the lending sector, according to WAM.
Ali Sultan Rakkad Al Amri, CEO of CBI, commented on zypl.ai, stating, “Our collaboration with zypl.ai, an inventive AI platform, marks a strategic move towards utilising AI technology for advanced credit assessment. By leveraging zypl.ai’s AI-driven algorithms using synthetic data, we believe we can further improve our operational efficiencies, ensuring a swift and seamless lending process.”
He continued, “Our collaboration and investment in zypl.ai align perfectly with our dedication to fostering innovation in the UAE and with our strategic goal of partnering with the most innovative players in the financial technology sector.”
