Antock reflects non-financial data in startup credit evaluations
Various big data platforms useful for enterprises have been created. It is a method of integrating and using distributed corporate data into one. They range from platforms required for asset management to systems that can be used to approve startup loans.
'Korea Software Daejeon 2021' will be held at COEX in Seoul from 1st to 3rd. Various companies participated, from large companies leading SW technology to startups attracting attention with their unique platforms. In particular, companies that gather vast amounts of corporate data and use it in financial sectors such as urban finance, economics, and credit evaluation attracted attention.
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Identify corporate ecology with a non-financial data platform developed by 'Antock (Antock) '
The “Hubble database (Hubble database)” created by the company Antock collected non-financial alternative data from all domestic companies. Through this, it is possible to understand the corporate ecosystem. The evaluation criteria are non-financial data in a total of 12 categories, including corporate organizations, websites, products, intellectual property rights, search records, media reports, and contracts.
Park Young-joon, director of Antock, stated, “Although this data is used to discover and research new investment institutions, it is also perfect for financial institutions that are desperate to understand corporate credit or risk management.” This means that when a small business with insufficient financial information applies for a loan from a financial institution, the non-financial data can play a decisive role in approval.
More than 30 companies and public institutions, including KB Financial Holding and Woori Financial Holding, which are major customers of Antock. (Source: Antock official website)
Director Park explained, “In particular, there is not a big difference in credit levels in startups,” and “there is quite a difference when you analyze that with data.” “The Hubble database can accurately point out that narrow gap with data,” he said with confidence. “Currently, we have collaborated with various financial institutions such as Woori Financial Holding, KB Financial Group, and Seoul Credit Guarantee Foundation,” he added.
Article written by: Reporter Lee Hana, Reporter Kim Mi-jung
Article source: AI Times (http://www.aitimes.com/news/articleView.html?idxno=141779)
