JurisTech

About JurisTech

JurisTech is a Malaysian financial technology company that provides enterprise-class software solutions for the entire credit management lifecycle. The company was founded in 1997 by See Wai Hun and John Lim amidst the Asian Financial Crisis. Identifying an opportunity in the rising number of non-performing loans, they initially created a peer-to-peer network to connect banks with law firms to streamline debt recovery. See, the company's CEO, graduated with a degree in Business Computing and began her career at Ernst & Young before meeting Lim, a software developer, at the Sapura Group. This combination of business and technical expertise formed the foundation of the company. Over the years, JurisTech expanded its offerings from litigation and debt collection software to a comprehensive suite of credit management solutions.

JurisTech's business model is centered on providing an end-to-end ecosystem of software for financial institutions, including banks, as well as telecommunications and automotive companies. The company's revenue is generated through the implementation and licensing of its software products. Its client base has grown to include major banks and corporations, initially in Malaysia and now expanding into other Southeast Asian markets like Indonesia and Thailand. A significant milestone was a Series C funding round on February 21, 2022, where JurisTech raised $49.1M from CTOS Digital. The company also acquired the financial comparison platform iMoney in 2020.

The firm’s product suite is designed to automate and streamline the entire lending process, from customer onboarding to recovery. Key offerings include a digital onboarding platform, a loan origination system that uses AI for faster approvals, a credit scoring engine, and a debt collection system that personalizes recovery strategies. Their solutions are built on a modular, API-driven architecture, which allows for seamless integration with a bank's existing core systems. Products like 'Juris DecisionCraft', a no-code auto-decisioning engine, and 'Juris V-Box', a secure document collaboration platform, highlight the company's focus on automation and efficiency. By incorporating generative AI, JurisTech aims to enhance credit risk assessment and automate the generation of credit papers. This suite of tools enables financial institutions to reduce manual processes, shorten time-to-market for new loan products, and improve the overall customer experience.