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December 28, 2017

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AI used in dealing with NPAs

By Rich Zhu | 00:01 UTC+8 December 28, 2017 | Print Edition

ARTIFICIAL intelligence technologies have been used in dealing with non-performing assets (NPAs), which may be a market worth 10 trillion yuan (US$1.5 trillion) within the next five years, a Shanghai-based technology provider said yesterday.

Toproperty, which serves finance firms such as banks and peer-to-peer platforms, offers management systems and data analysis tools to help clients recover accounts.

In 2016, the value of NPAs suffered by banks was 4.06 trillion yuan and it is expected to touch 10 trillion yuan annually within five years, said Shang Jieli, founder and CEO of Toproperty.

With new AI-featured products, Toproperty helps clients better manage the process to recover accounts and loans based on data analysis and other AI technologies.

Toproperty has about 180 enterprise clients.

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