PrivatBank launched an AI service for analyzing the business reputation of business counterparties
Ukrainian entrepreneurs and companies that have accounts in PrivatBank can now use the new AI service for express analysis of the business reputation of both existing and potential counterparties. About this reported bank press office.
The service is already available in the web version and mobile application “Privat24 for Business”. The solution is based on artificial intelligence algorithms and allows you to quickly get a concise conclusion about the counterparty’s business reputation, using open data about its history, connections, financial status and other relevant information.
The tool helps in early detection of potential risks – both legal and reputational – and enables entrepreneurs to quickly assess the situation in order to make informed business decisions.
More than 100,000 clients of the corporate segment have already used the “Business Reputation Dossier” service. In the web version of “Privat24 for Business”, the service is accessed through the “Partners – Business Reputation File” menu, and in the mobile application through the “Services” section.
In addition, users can monitor changes regarding their own companies and counterparties online, as well as integrate the service into their own accounting systems via API. The service is implemented in partnership with the Ukrainian Credit History Bureau.
It will be recalled that in April, the head of PrivatBank’s corporate business Yevhen Kulikov stated that the bank is ready to support the development of the Ukrainian economy and big business. According to him, PrivatBank, like the banking sector in general, continues to finance investment projects of domestic manufacturers and has not stopped lending to businesses even since the beginning of a full-scale war.
