AI & Enterprise
Techfin Ratings launches monthly financial statements service
Techfin Ratings, a fintech-focused affiliate of Duzon Bizon, launched a service on Wednesday to calculate “monthly financial statements” that help assess corporate financial soundness on a timely basis. The service breaks down evaluation methods that relied on annual settlement data into monthly units. The company said its AI algorithm, developed using bookkeeping data, achieved more than 90 percent consistency based on operating profit. Techfin Ratings also signed a data supply deal with Shinhan Bank.
