Greener Finance in Indonesia's EV Market

author: FutureCar Staff    

JAKARTA, Indonesia, Sept. 21, 2023 /PRNewswire/ -- AIZEN, the provider of AI-based financial services, is set to revolutionize Indonesia's electric vehicle (EV) market with the launch of 'EV-CreditConnect,' an AI banking service specifically designed for EV enthusiasts.

The Electric Mobility Ecosystem Association (AEML) and AC Ventures have conducted research indicating that Indonesia's electric vehicle market is projected to reach a staggering $20 billion by 2030. Recognizing this immense growth potential, AIZEN has swiftly introduced AI-driven financial services to cater to the expanding Indonesian EV market.

AIZEN's CreditConnect-EV platform utilizes cutting-edge AI technology and advanced risk assessment algorithms based on AI and big data analysis. This innovative platform provides financial companies with precise decision-making support, including risk assessment, collateral monitoring, and customized financial options.

AIZEN is currently establishing strategic partnerships with local electric bike companies in Indonesia, such as 'SWAP' and 'NOA Bike,' to offer electric vehicle financing services.

SWAP, one of AIZEN's partners, is involved in electric bike production and operates charging stations in Indonesia. SWAP's vehicles are equipped with smart connectivity features that allow riders to monitor battery status and performance in real-time through a mobile app. Additionally, it provides convenient access to charging stations, ensuring a unique user experience.

CreditConnect-EV, in collaboration with SWAP, has developed a risk assessment model for riders and electric bike charging stations. This partnership enables efficient loan linkage and comprehensive portfolio management services, giving AIZEN a competitive advantage over traditional financial institutions.

AIZEN is dedicated to expanding Indonesia's EV ecosystem and promoting financial innovation. By providing essential financial services to a wide customer base seeking to transition to electric cars and bikes, AIZEN aims to facilitate easy access to the necessary funds.

Damien Ngai, representing AIZEN in Indonesia, stated, "By introducing AI-driven financial services that expedite credit decision-making in the Indonesian EV market, we are contributing to Greener Finance."

AIZEN, a member company of GDIN foundation (formerly known as Born2Global Centre), has received recognition for its responsible AI initiatives, earning the title of "Responsible AI" from the Monetary Authority of Singapore (MAS). Furthermore, it achieved the second position among global companies in the Singapore Fintech Awards. The company's technological expertise was further acknowledged when it won the top spot in the Demo Show category at 'HongKong Fintechweek,' solidifying its position as a leading innovator in the Asian financial sector.

In conclusion, AIZEN's launch of EV-CreditConnect marks a significant leap forward for Indonesia's electric vehicle market. With strategic partnerships, innovative financial solutions, and a commitment to a greener future, AIZEN is poised to make a substantial impact in this thriving industry.

FutureCar Staff