The International Commercial Bank announced its investment in zypl.ai, a startup company in the financial technology field and a leader in applying artificial intelligence algorithms that simulate real-world scenarios to make appropriate lending decisions.
Ali Sultan Rakaad Al Ameri, CEO of the International Commercial Bank, said: “Our partnership with zypl.ai and entry into the field of artificial intelligence in financial technology signifies a strategic move in leveraging AI application to assist in making suitable credit decisions.”
Al Ameri added: “By utilizing artificial intelligence algorithms on zypl.ai data, we are confident in our ability to enhance our operational efficiency to ensure a smooth, fast, and reliable lending experience for our customers.”
