Fivot Begins PoC with Resona Bank to Enhance Corporate Lending via AI

Fivot Inc. (Headquarters: Minato-ku, Tokyo; CEO: Takumi Abe) has reached an agreement with Resona Bank to begin a proof-of-concept (PoC) aimed at streamlining and enhancing corporate lending operations. In this PoC, a system that automates the process from loan application to the creation of credit approval documents will be used to collect and analyze data required for credit assessment. By applying this to Resona Bank's actual venture debt review process, the companies will verify the effectiveness of the system's functions and its impact on reducing man-hours. Throughout the PoC, which is scheduled to run until the end of October this year, both companies will discuss the development of additional features and define requirements for full-scale implementation.