Paragon Announces Strategic Partnership with CrePASS in the Republic of Korea
Paragon Business Solutions is pleased to announce a new partnership with CrePASS in the Republic of Korea. CrePASS, headquartered in Seoul, is a recognised alternative credit scoring and analytics fintech that combines artificial intelligence, machine learning and alternative data with traditional credit indicators to deliver more accurate and inclusive credit risk insights. CrePASS operates as one of Korea’s first Financial Services Commission (FSC)-licensed alternative credit bureaus and has an established track record supporting financial institutions with advanced analytic solutions.
As part of this partnership, CrePASS has joined Paragon Business Solutions as a reseller of our credit risk software solutions and will leverage Paragon’s Modeller platform to deliver predictive analytics and credit risk modelling solutions to clients across Southeast Asia and surrounding markets. By combining CrePASS’s deep local market expertise and data science capabilities with Paragon’s specialist credit risk modelling technology, the partnership enables financial institutions to build transparent, well-governed and high-performing predictive models using both traditional and alternative data sources. Paragon’s Modeller platform provides an intuitive, enterprise-grade environment for rapidly building, testing, documenting and deploying predictive models. Its strong emphasis on efficiency, explainability and governance supports institutions seeking to improve model performance while meeting regulatory and model risk management requirements.
“We are excited to partner with Paragon Business Solutions and to adopt Modeller as a core part of our predictive analytics offering,” said MJ Kim, CEO of CrePASS. “Paragon’s focus on transparency, governance and efficiency strongly aligns with our own approach to delivering high-quality analytics solutions for financial institutions across Southeast Asia. This partnership allows us to deliver models that are not only powerful, but also robust and regulator-ready.”
“This partnership represents an important step in expanding Paragon’s presence in Asia,” said Jalal Khoylou, Director of Paragon Business Solutions. “By working with CrePASS, we are combining our specialist credit risk technology with a partner that brings deep local market expertise and a strong understanding of the needs of financial institutions across the region.”
CrePASS will support clients locally, providing implementation, modelling and ongoing analytics services using Paragon’s software solutions. Paragon looks forward to working closely with CrePASS to support clients across Southeast Asia with robust, scalable credit risk analytics that drive better decision-making and stronger model governance.