MYbank, a digital financial institution in China affiliated with Ant Group, introduced its AI-driven banking options on the Singapore Fintech Pageant 2025.
As AI adoption in banking rises, McKinsey’s World Banking Annual Overview 2025 estimates that banks’ general value base may fall by 15–20%.
In response, main banks are integrating AI to enhance effectivity and cut back prices.
For instance, Sumitomo Mitsui Banking Company (SMBC) is working with Microsoft to assist employees draft and evaluate mortgage paperwork, whereas Singapore’s UOB is utilizing AI for anti-money-laundering, slicing the time wanted to detect suspicious transactions by 60%.
MYbank has targeted on embedding AI immediately into core operations.
“Our expertise exhibits that AI can lengthen high-quality and various monetary providers, beforehand exhausting to entry, to on a regular basis small and micro companies, serving to make finance extra inclusive and honest,”
mentioned Zheng Bo, Normal Supervisor of MYbank’s AI Division.
The financial institution has built-in AI in areas resembling credit score danger administration and cash-flow forecasting, with programs bettering via sensible use.
Over the previous decade, digital credit score providers have expanded financing entry for small companies: China’s SME mortgage stability grew from RMB 8.8 trillion (US$1.2 trillion) in 2017 to RMB 32.3 trillion (US$4.6 trillion) in 2024, a compound annual progress charge of 20.74%.
Nevertheless, mid- to large-sized loans in China (RMB 500,000–2 million) nonetheless depend upon labour-intensive offline due diligence, which is tough to scale.
MYbank’s AI credit score assistant goals to streamline credit score analysis.
The system can analyse analysis studies, assess trade worth chains, and consider firm operations utilizing multimodal inputs, together with telephone calls and video.
For instance, it precisely assessed a Zhejiang electronics firm with annual income of RMB 35 million (US$5 million) and restricted public info.
The AI confirmed the corporate held 27 patents, mapped its position within the communications electronics provide chain, and verified manufacturing amenities and contracts through video, recommending a credit score line of RMB 1.5 million (US$211,392).
After 5 months of deployment, alignment between the AI assistant’s suggestions and human credit score officers’ selections has elevated from 39% to 90%, suggesting rising reliability in credit score evaluation.
MYbank can be utilizing AI to assist SMEs’ money administration and funding planning.
Its system forecasts money movement throughout industries, helping bank-affiliated funding managers in anticipating subscription and redemption timing and serving to SMEs optimise returns on idle funds.
The answer, now utilized by 14 establishments, studies product return volatility 5 foundation factors decrease than the market common.
Featured picture credit score: Ant Group
