AI in Fintech: CEOs of WeLab and MioTech

AI in Fintech: the CEOs of WeLab and MioTech share their views on Artificial Intelligence in Asia.

We found this short interview about Artificial Intelligence in Fintech rather insightful due to the quality of the interviewees: Simon Loong, CEO of WeLab and Jianyu Tu, CEO of MioTech, two fintech giants in the Asia Pacific region and beyond.

The article is essentially packed with insights on the recent achievements of both companies.

AI in Fintech: CEO Quotes

"We are not only looking to achieve mere operational efficiency but also more intelligent risk management and better customer experience."

Simon Loong, WeLab CEO

"Take fraud detection as an example, we utilize supervised machine learning to identify known fraud types, including those with highly complex patterns, and unsupervised machine learning to develop a labeling system for anomalies, which enables us to identify new fraud types."

Simon Loong, WeLab CEO

"My vision of AI is that it is not about algorithms anymore. Today, AI adaptation and applications are also key. We collaborate with universities such as HKUST or Tongji University in Shanghai to follow the latest AI trends."

Jianyu Tu, MioTech CEO

"We essentially use Natural Language Processing (NLP) to abstract, synthesize information and translate relevant documents. Technology is now at a stage where it is intelligent enough to make sense of content in articles."

Jianyu Tu, MioTech CEO