AND Solutions Signs Full Service Agreement with AEON Thana Sinsap Following Successful Credit Scoring Pilot

Following a successful proof-of-concept, AND Solutions will deploy its AI-powered credit scoring model into full production, enabling AEON Thana Sinsap to fully automate personal loan assessments and significantly enhance customer experience across its operations in Thailand

THAILAND: AND Global subsidiary, AND Solutions, has signed a full service agreement with AEON Thana Sinsap, a Thailand-based subsidiary of AEON Financial Service (AFS) that offers a range of financial services including credit cards, loans, and hire purchases. The agreement follows the successful completion of a proof-of-concept (POC) phase, during which AND Solutions' AI-based credit scoring model was successfully tested and validated within AEON Thana Sinsap's operations.

The two companies initially signed a POC agreement in August 2024 to pilot AND Solutions' credit scoring technology within AEON Thana Sinsap's lending operations. Over the course of the eight-month pilot period, the credit scoring model demonstrated strong performance in accurately assessing applicants' income levels and creditworthiness, meeting the benchmarks required for full-scale deployment.

With the signing of this full service agreement, AND Solutions will now deploy the credit scoring model into full production across AEON Thana Sinsap's personal loan operations. The deployment will enable AEON Thana Sinsap to fully automate its assessment and approval decision process for personal loans, achieving 100% automation in credit evaluation. This marks a significant step forward in improving customer experience by drastically reducing processing times and eliminating manual bottlenecks in the loan origination workflow.

The expanded collaboration is expected to contribute to AEON Thana Sinsap's broader goals of increasing operational productivity and expanding its product reach. As both companies deepen their partnership, they will continue to explore opportunities to further enhance the accuracy and efficiency of the lending process through additional technology-driven solutions in areas such as data collection and document processing.

The collaboration with AEON Thana Sinsap builds on AND Solutions' growing portfolio of partnerships with AEON Financial Service subsidiaries across the region, including the recent software provision agreement with PT AEON Credit Service Indonesia to deploy AI-powered credit screening solutions.

Commenting on the agreement, Batbaatar Purev-Ochir, CEO of AND Solutions, said:

"We are thrilled to move into full production with AEON Thana Sinsap, marking a significant milestone in a relationship that dates back to 2023. This transition from a successful eight-month pilot to a full service agreement is a direct result of the close, high-level collaboration between our technical teams. By working side-by-side to rigorously test and validate our AI-powered credit intelligence against real-world benchmarks, we have proven that our technology can deliver the accuracy and scalability required by a market leader.
Expanding our collaboration in Thailand marks another proud chapter in our long-standing regional partnership with AEON Financial Service. We are excited to support AEON Thana Sinsap as they modernize and automate their loan origination workflow, and we look forward to exploring how our broader suite of solutions and capabilities can further drive operational productivity for them in the years to come."

Mr. Kosei Yahiro, AEON Thana Sinsap Executive Vice President:

“We are pleased to partner with AND Solutions to bring AI-powered credit scoring into full-scale production at AEON Thana Sinsap. Following a successful pilot, this deployment will enhance the speed, accuracy and consistency of our credit evaluation, enabling more efficient and scalable lending operations. This initiative strengthens our ability to expand access to credit while maintaining disciplined risk management, supporting sustainable growth and improved profitability. We look forward to continuing our collaboration to drive further innovation in our lending business.”

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‍About AEON Thana Sinsap (Thailand) Public Company Limited

‍AEON Thana Sinsap (Thailand) Public Company Limited is a subsidiary of AEON Financial Service Co., Ltd., a leading Japanese financial conglomerate. The company provides a comprehensive range of financial services in Thailand, including credit cards, personal loans, hire purchase, and insurance. Committed to improving customers' quality of life through accessible financial products, AEON Thana Sinsap operates an extensive network across Thailand. For more information, visit https://www.aeon.co.th.