Social Impact
Making Finance More Affordable
We create a lending structure where many ordinary people around us can access essential living funds more affordably and generously.
We bridge the gap in the lending market that has long been divided into low- and high-interest rate. Through our 'Cple' platform service, we provide new mid-interest rate financial opportunities to borrowers with low or fair credit scores who previously had no choice but to use high-interest loans of up to 20% rate annually. By utilizing advanced AI technology, we reassess borrowers' repayment ability and offer loans with reasonable interest rates and limits.
Reducing Burden and Increasing Limits for borrowers with low or fair credit scores
Proportion of borrowers with low or fair credit scores
65%
As of end of '22
Interest Rate Reduction Effect
4.5%P reduction
As of end of '22
Interest Savings Effect
4.59M KRW Saved
As of end of '22
Credit Limit Increase Effect
9.89M KRW Increase
As of end of '22
Inclusion
Embracing the Underserved
We strive to eliminate financial blind spots by offering high-quality loan products through to those who have traditionally been excluded from mainstream finance, such as housewives, youth, freelancers, and so on due to short credit histories or lack of stable employment.
Our focus is on providing quality financial services to financially marginalized groups who may have sufficient repayment capacity but have been denied bank loans due to insufficient financial transaction records. Government agencies, local municipalities, and private enterprises can invest in PFCT’s service to offer reasonable financial solutions to those left out by the traditional financial system.
Partnership Cases
Seoul City
PFCT
Operation of 'Seoul Youth Stepping Stone Loan' program to support youth financial independence
Gig Worker Platform
PFCT
Operating loan products for gig workers including multi-jobbers, lifestyle service helpers, construction day laborers, and pet sitters
AI Governance
For Trustworthy AI Services
At PFCT, we use AI technology responsibly to ensure fair and better finance for everyone. We have established six core ethical principles for AI that guide our service delivery, particularly in our focus area of risk management. To ensure our services align with these principles and standards, we conduct regular internal ethical assessments, creating a continuous cycle of evaluation and improvement. This approach allows us to provide trustworthy and ethical AI services to our customers.
PFCT 6 Core AI Ethical Principles
01
People First
PFCT prioritizes finance that benefits society as its core value. We recognize that AI technology must align with "People First" value, ensuring it serves human dignity, freedom, and happiness.
02
Fairness
We eliminate bias in data and ensure that AI does not unfairly discriminate, or favor individuals based on characteristics such as race, gender, age, or disability. We respect diversity and ensure that AI operates fairly.
03
Transparency
We emphasize transparent management across the entire process, from data sourcing and preprocessing to AI modeling and deployment. Additionally, we ensure that customers are informed of AI service usage when they begin using our services.
04
Explainability
We communicate honestly and responsibly about the results generated by AI, making it easy for customers to understand the key factors and effects influencing those results.
05
Accountability
We prevent negative outcomes such as functional errors, malfunctions, or legal violations during AI service operations. Responsibilities are clearly defined, allowing for immediate control and action in case of incidents, and we ensure appropriate responses to risks and negative outcomes.
06
Privacy & Security
We fulfill our legal obligations to protect personal (credit) information and uphold high ethical standards to secure customer privacy throughout the entire AI service process.
Safety
Ensuring Customer Funds are Safe
Finance is a business where 'safety' is paramount as it handles customer funds. We thoroughly manage security to ensure safe financial transactions for our customers.
24/7 Monitoring
# AI Security Monitoring System
# Log Management
# Anomaly Detection
We monitor our core systems in real-time by integrating security and AI technologies. This allows for the immediate detection and analysis of unusual activity, enabling rapid blocking of loan fraud or voice phishing attempts, prioritizing a secure financial environment for our customers.
Privacy
# Customer Data Encryption
# Secure DB Segregation
# Access Control and Authorization
We ensure the secure protection of customer personal information. Access to data is restricted to only those with the minimum required permissions, and we strive to prevent unauthorized external attacks or internal breaches.
Compliance
# Electronic Financial Transactions Act Compliance
# Regular Vulnerability and Status Assessment
As a licensed financial institution, we adhere to relevant laws and guidelines, including the Electronic Financial Transactions Act, Information and Communication Network Act, and Personal Information Protection Act. We regularly conduct vulnerability checks and assessments to ensure compliance with regulatory requirements for information security management.
Security Experts Team
# ISMS-P Certified Auditors
# Technical Security Experts
# Industry-Leading Expertise
The PFCT security team consists of security experts with diverse technical and managerial experience from the financial sector, large corporations, cryptocurrency exchanges, and ISMS-P (Information Security Management System) certification auditors. We pursue industry-leading expertise in policy and security technology implementation, protecting our customers' safety by adhering to the latest security technologies and regulations.
Pursuing Finance
For Social Good
For Social Good
Social Impact
Making Finance More Affordable
We provide mid-interest rate financial opportunities
to borrowers with low or fair credit scores who previously had only high-interest options
Inclusion
Embracing the Underserved
We strive to eliminate financial blind spots through inclusive partnerships with various institutions
AI Governance
For Trustworthy AI Services
We pursue both technological innovation
and social responsibility
Safety
Ensuring Customer Funds are Safe
We manage rigorous security for safe financial transactions
Want to know more about PFCT?