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Commercial Bank International leads investment round in generative AI FinTech zypl.ai
Commercial Bank International (CBI), the Dubai-based corporate and retail bank, has announced its investment in zypl.ai, a FinTech startup pioneering the application of generative AI in lending.
The investment includes a post-seed bridge round investment into zypl.ai, alongside a group of global investors, ahead of the company’s planned Series A raise, which is due to take place later in 2024.
zypl.ai’s flagship software – zypl.score – enables financial institutions to optimise credit decision models across retail and SME portfolios through the generation of synthetic data. Over 35 banks across 12 markets in Eurasia have deployed zypl.ai’s proprietary AI-as-a-service software, underwriting >$100 million of credit portfolio at minimal default rates.
To power its credit decisions, zypl.ai has built proprietary generative adversarial networks (GAN) on a cumulative dataset of over 54 million traditional and alternative data points. This unique approach provides financial institutions with macro-resilient decisioning on dynamically trained AI models that factor in changing macroeconomic cycles.
When deploying zypl.ai, enterprise clients can fully customise zypl.score to their risk appetite with the goal of reflecting competitive market advantages. Through on-premises deployment, zypl.ai ensures full data privacy and confidentiality. Thanks to its interpretability features with embedded ‘weight-of-evidence’ for each credit decision, zypl.score is fully compliant with emerging regulatory conditions that require explainability of ‘black-box’ credit models.
Ali Sultan Rakkad Al Amri, CEO of Commercial Bank International, said “Our partnership with zypl.ai, an innovative AI platform, signifies a strategic entry into using AI implementation for advanced credit scoring. By harnessing zypl.ai’s synthetic data AI powered algorithms, we’re confident we can further enhance our operational efficiencies to ensure a swift and seamless lending experience. Our work and investment with zypl,ai aligns well with our commitment to supporting innovation in the UAE and with our strategic ambition to partner with only the most innovative partners in the financial technology space. We look forward to supporting zypl.ai’s growth both regionally and internationally.”
Source: ibsintelligence.com
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Blue Ridge Partners wins ‘Value Creation Advisory Firm of the Year: Revenue Growth’ in Private Equity Awards
Management Consultancy Blue Ridge Partners recognised at the 2024 Actum Private Equity Value Creation Awards for its leadership in accelerating profitable revenue growth
LONDON, May 17, 2024 /PRNewswire/ — Blue Ridge Partners is pleased to announce that it has been awarded ‘Value Creation Advisory Firm of the Year: Revenue Growth’ at the 2024 Actum Group Private Equity Value Creation Awards. The award was presented at a major event held at London’s Natural History Museum and Blue Ridge Partners was selected from dozens of entrants considered by an independent panel of judges.
‘This award is a fantastic recognition of our work helping PE-backed clients to accelerate profitable revenue growth. The judges chose Blue Ridge Partners because we quickly and consistently generate high impact, resulting in outstanding ROI and ultimately higher exit value,’ said Moti Shahani, Blue Ridge Partners Managing Director based in London.
‘Our primary interest is helping accelerate the revenue growth of our clients rather than winning awards, but this is the third major external recognition we have received already this year. We are one of America’s Best Management Consulting Firms 2024 according to Forbes, one of the UK’s Leading Management Consultants 2024 according to the Financial Times and now we have this outstanding award for the essence of our specialism – revenue growth,’ said Jim Corey, CEO of Blue Ridge Partners.
About Blue Ridge Partners:
Blue Ridge Partners is a global management consulting firm exclusively focused on helping companies accelerate profitable revenue growth. We have worked with more than 1,000 companies to improve their strategic understanding of markets and customers, deepen and expand their customer relationships, and enhance marketing and sales performance.
Our clients include over 130 private equity firms and their portfolio companies – supporting them during deal evaluation, due diligence, and post-acquisition. We have a reputation for helping companies grow faster by rolling up our sleeves, working collaboratively, and delivering measurable impact quickly and more efficiently than large consultancies. For more information visit www.blueridgepartners.com
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