This AI Company Can Predict Your Financial Future With 95% Accuracy
Bright AI, the subsidiary of Kings Entertainment Group Inc., is using AI and big data to empower informed business decisions and redefine financial assessment. Their proprietary algorithm boasts an impressive 95% accuracy in predicting borrowers’ financial behavior, providing valuable insights to financial institutions, enabling responsible lending practices, and revolutionizing how financial worth is evaluated.
Established in 2018, Bright AI is focused on understanding authentic consumer behavior and mentality through online behavioral data. This unique dataset has allowed them to introduce the concept of behavioral scoring, bringing revolutionary changes in the global assessment of individuals’ creditworthiness. Over time, they have refined their proprietary AI algorithm to achieve remarkable predictive accuracy.
Since its inception, Bright AI has achieved significant milestones. In 2018, they were recognized as one of the top 20 technology innovators reshaping the finance industry after unveiling behavioral scoring at a startup boot camp in Dubai. In 2019, they launched their alternative lending platform, which has provided loans to over 10,000 borrowers. In 2022, they expanded their presence in Central and Eastern Europe by forming partnerships with various financial institutions. Their innovations have also earned them recognition from the prestigious How to Web Awards.
In July 2023, Bright AI was acquired by Kings Entertainment Group Inc., opening up new avenues for development and innovation. They are now focusing on a global expansion strategy aimed at boosting revenue growth and financial inclusion. Their plans involve expanding their operations in Mexico, Colombia, Canada, Spain, and the Central and Eastern European regions, with future expansion planned in the Americas, Brazil, and Africa. They are also venturing into new areas such as insurance and retail.
Bright AI is striving to create a new generation AI credit bureau, offering comprehensive assistance to financial institutions worldwide. They are committed to building strategic collaborations and maintaining their role as transformative pathfinders across multiple industries.
With ambitious plans and strong growth in 2023, Bright AI is well-positioned to exceed their development goals in 2024 and beyond. They credit their success to the dedication of their employees and board of directors.