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Gogolook works with banks to launch loan comparison platform

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Gogolook works with banks to launch loan comparison platform

Sammi Huang, Taipei Adam Hwang, DIGITIMES Tuesday 29 September 2020

Taiwan-based Gogolook, the developer of Whoscall app that instantly identifies phone callers to prevent frauds, has cooperated with six local banks to launch a platform for users to compare personal credit loans offered by these banks, according to company co-founder and CEO Jeff Kuo.

For Whoscall, Gogolook has succeeded in using AI, machine learning and big data analysis technologies to recognize phone callers, and has extended the application to the loan platform in a bid to prevent financial frauds, Kuo noted.

With users providing information including desired amounts and terms of personal credit loans, personal credit conditions, the platform can quickly display information on alternative loans based on the information, including interest rates, minimum monthly repayment, handling charges, for each bank for comparison. In addition, the platform provides online person-to-person consulting services.

The six collaborative banks are Cathay United Bank, KGI Bank, HSBC Bank (Taiwan), Citibank Taiwan, Standard Chartered and O-Bank.

The platform has been in trial operation for over five months, during which over 30% of applicants have successfully obtained over 2,000 personal credit loans exceeding NT$100 million (US$3.4 million) in total.

Whoscall has accumulated over 20 million downloads, according to Gogolook. Besides Taiwan, Whoscall is available in Hong Kong, South Korea, Japan, Thailand and Brazil, Gogolook noted.