Philippines’ credit bureau agency, CIBI Information Inc (CIBI), partnered with Singapore-headquartered AI company ADVANCE.AI to expand business intelligence support and services for local businesses through AI and computer vision technology.
CIBI is a privatized agency first established in 1982 as the Credit Information Exchange System attached to the Banko Sentral ng Pilipinas (BSP). It provides data, credit reporting and information management services and analytics for consumers and business entities.
The partnership paves the way for Filipino businesses to have better access to various business intelligence services, such as credit and data reporting, through a more efficient internal system.
ADVANCE.AI technology will help CIBI expand its business data and intelligence reporting solutions, ultimately supporting underbanked and underserved businesses in the Philippines.