As part of the Startupstan 2024 forum, zypl.ai, a leading fintech innovator leveraging artificial intelligence (AI) for risk management, signed a memorandum of understanding with Vatan ICT, a prominent domestic developer of software and digital solutions. The two companies have agreed to enter Tajikistan’s credit information and analytics market by establishing a joint credit bureau powered by cutting-edge AI technologies.

The joint project, named “aion”, is designed to act as a catalyst for the digital transformation of the country’s financial sector. By utilizing advanced machine learning algorithms and big data analytics, aion will deliver accurate creditworthiness assessments and financial behavior predictions. The integration of AI will significantly improve the accessibility of financial services for individuals and small to medium-sized businesses.

The credit bureau will provide comprehensive analytics to financial institutions across the country, leveraging predictive models for:

• Personalization of financial products,
• Risk management (creditworthiness predictions, delinquency forecasts, and credit portfolio risk evaluations),
• AI-driven fraud prevention solutions.

Aion also plans to introduce the concept of open banking in Tajikistan, working closely with the country’s regulators and financial institutions to drive this initiative.

The memorandum was signed by Azizjon Azimi, Global CEO of zypl.ai, and Obid Burkhonov, CEO of Vatan ICT. Both parties aim to finalize the deal and launch the joint credit bureau by the end of this year.

zypl.ai, headquartered in the AI campus of the Dubai International Financial Centre (DIFC), is a trusted partner for leading banks in Tajikistan, providing AI-powered software solutions for automated loan processing.

Vatan ICT has been a key player in Tajikistan’s tech industry for over a decade, having developed successful platforms such as Smartpay, eDonish, and other digital systems used by government agencies across the country.