TrueMoney, a major digital financial service provider in Asean, has signed a partnership deal with Shield, a global risk intelligence firm, to pursue "risk intelligence" through artificial intelligence (AI) tools to stop fraud and drive financial inclusion in the region.
The memorandum of understanding for cooperation was signed yesterday as TrueMoney aims to become the first mobile fintech with an AI-based risk intelligence platform and end-to-end checkpoint protection.
TrueMoney wants to grow its customer base to 30 million in Thailand this year, up from 24 million in 2021. It targets reaching half the country's population next year, said Monsinee Nakapanant, co-president of Ascend Money, the operator of TrueMoney.
