MONIX, the operator of FINNIX App, crowned two major awards, demonstrating its success as a leading digital lending application.

MONIX Co., Ltd., the developer of the digital lending app FINNIX, recently won Most Innovative use of AI/ML and Most Innovative Digital Onboarding Rollout at the 2022 IBS Intelligence Global Fintech Challenge.

The IBS Intelligence Global Fintech Challenge awards identify and honors technology players and banks for excellence in driving impact through banking technology implementations and innovations using emerging technologies. This year the Awards received over 151 nominations across 94 banks from 47 countries across the globe. This achievement is a testament to the tireless effort and unwavering spirit of our talented team. We harness the power of data to drive every decision and enhance every aspect of our products and services. Our unwavering commitment to using AI and machine learning has allowed us to free over half a million underbanked individuals from the clutches of loan sharks.

Image courtesy of IBS Intelligence

Most Innovative use of AI/ML demonstrates how we use technology in our business processes. We use AI/ML capabilities to provide customers with faster, more precise, and more comprehensive risk assessments. As a result, the FINNIX application can approve credit lines in as little as 5 minutes. We also create our advanced underwriting models using alternative data from their mobile data and online behavior rather than financial documents, pay slips, collateral, or guarantor. Our customers can now get legal funds quickly, within their fingertips.

Image courtesy of IBS Intelligence

Most innovative Digital Onboarding Rollout exemplifies FINNIX's success in our innovative product, in which we deploy a 100% online loan offering process with no human interaction. From E-KYC process, loan application, up until disbursement, it can be done online on our application without needing to visit the offline branch. This enables anyone, whether low-wage workers or freelance professionals, to obtain legal loans like never before


The FINNIX application is provided by MONIX Co., Ltd. The application is regulated by the Bank of Thailand and operates legally at every step. Consumers can check the company's license at the Bank of Thailand website. Those interested can download the FINNIX application by visiting, learn more about the application and terms of use at, or via Facebook at