Global Psytech Advancing Behavioural Analytic Technology
- RM 2,000,250Min. Target
Reserve your spot now to ensure you can invest when Global Psytech starts the offering.
- Equity - OS
- ~ up to 11.10%
- RM 40,036,500
- RM 2,000,250
- RM 5,000,625
- -
- Global Psytech Sdn Bhd
- Wisma Suria, Level 3, Jalan Teknokrat 6, Cyber 5
- 2017010416781255851V
Summary
Global Psytech Sdn Bhd stands at the forefront of data tech solutions, specialising in the development of cutting-edge behavioural analytic technologies. Our expertise converges multiple scientific disciplines, seamlessly integrating behavioural science, artificial intelligence, machine learning, psychometrics, statistics, cognitive science and computer science, to deliver powerful insights and solutions.
As an international leader in Behavioural Analytics, our platforms leverage machine learning algorithms to analyse large and complex data sets, identify patterns and trends, and provide actionable insights that empower decision-making. We offer AI-based assessment technology and data analytic solutions catering to diverse industries, including finance, education, and human resources, serving clients on both local and global scales.
Problem
Malaysia
▪ Finance: 2 million Malaysian adults without credit information, USD6.25 billion bad loans, a USD20 billion SME Financing gap.
▪ Talent: 50-95% average failure rate for startups, with only 20% entrepreneurs survive and succeed every year, 95% wrong hiring rates, and 48% skills shortages.
▪ Wellbeing: 2.3% adults suffer from depression, 7.9% children aged 5-15 experienced mental health problems, 109,806 (89.4%) support helpline calls related to emotional and psychological issues, and 78,000 divorce cases (between March 2020 and August 2021).
▪ Assessment Services & Technologies: Over 67% of institutions need quality online assessment platforms, with increasing demand for 24/7 online assessment; 57.4% admitting academic dishonesty.
Global
▪ Finance: 1.7 billion underbanked adults, USD945 trillion in bad loans and a USD5.2 trillion SME financing gap.
▪ Talent: 90% failure rate for startups in 2019, 20% of small business fail within the first year, an average USD14,900 loss per poor hire, 1.3 billion people affected by skills mismatch, leading to productivity loss.
▪ Wellbeing: 44.7 million adults aged 18 or older reported to have some type of mental illness, 50% of mental health problems established by age 14, 828,000 workers suffer from work-related stress, depression, or anxiety.
▪ Assessment Services & Technologies: 70% institutions use some form of online proctoring, 220 million rising demands for online learning > online exam proctoring; 85% find online assessments convenient, and online proctoring cuts cheating by 85%.
Solution
Global Psytech leverage on advanced technologies that uses Behavioural Science, Data Science, Information Technology, Psychometrics, Machine Learning and Artificial Intelligence and Statistics to address the highlighted problems.
Our platforms use machine learning algorithms to analyse large and complex data sets, identify patterns and trends, and provide actionable insights. We empower organisations to unlock the full potential of their data and make more informed decisions.
Our expertise in artificial intelligence and machine learning allows us to develop innovative solutions that are tailored to the unique needs and challenges of each industry we serve.
(1) Creditworthiness Analytics – General Financial Insights This platform leverages big data, machine learning, and artificial intelligence (AI) to analyse financial behaviours. It enables financial institutions, investment firms, and other financial organisations can perform a wide range of tasks, including risk management, fraud detection and customer behaviour analysis.
(2) Talent Analytics – People Assessment System This platform transforms talent development strategies by leveraging data-driven insights and powerful analytics tools, enabling organisations to maximise workforce potential and drive productivity. Applications include Work Analytic, Entrepreneur Analytic and Educational Analytic platforms that help businesses optimise their human capital.
(3) Intelligent Exam Management System - ExamPro Designed for efficient exam creation and management, this system integrates advanced tools such as AI remote proctoring and tailored (adaptive) testing to ensure secure and fair assessments. ExamPro empowers examination councils, trainers, tutors, and licensure bodies to conduct assessments efficiently, securely, and with greater insights, ultimately contributing to the enhancement of educational and professional evaluation systems.
These analytics will help to:
- Make thin-filed clients bankable, allowing financial institutions to offer appropriately-priced credit efficiently and securely.
- Reduce Non-Performing Loans (NPLs), leading to optimisation of revenue and value for lenders by minimising the risk of loan results.
- Enhance organisational productivity by maximising human potential through data-driven talent management.
- Enhance security and integrity of assessments, ensure fair and secure testing environments that prevent cheating and malpractices.
- Support the growth of Micro, Small and Medium Enterprises (MSMEs) by providing equitable access to financial resources and fostering sustainable economic growth.
- Promote inclusivity and empower individuals by addressing mental health and wellbeing challenges.
Product
(1) Creditworthiness Analytic Platform
- Leverages on cutting-edge technologies such as big data, machine learning, and artificial intelligence (AI) to analyse financial behaviours, providing a comprehensive fintech solution for financial professionals. This platform enables financial institutions, investment firms, and other financial organisations to perform a wide range of critical tasks, including risk management, fraud detection and customer behaviour analysis.
- The Platform offers financial professionals a single, centralised solution for all data analytics needs, enabling them to make better decisions, drive growth and profitability, and stay ahead of the competition.
- Over the years, we have successfully developed and deployed series of Fintech Analytic Products/Solutions that cater to various market segments:
• GFI SME – 2018-2021
• GFI Mikro – 2020
• GFI Retail – 2022
• GFI Mobile App – 2023
• Financial Potential 2021
• Finance Polaris 2023
• COMPA$$ 2024
General Financial Insights (GFI) – Creditworthiness Analytic Solution
- General Financial Insights (GFI) is a Shariah-compliant creditworthiness analytic solution that revolutionises the way financial institutions assess the risk of loan default. GFI is a credibility scoring system that integrates artificial intelligence, machine learning, behavioural science and psychometrics to provide a comprehensive analysis of an individual’s likelihood to repay a loan. Originally developed with a focus on business financing, GFI has since expanded its scope to serve retail customers and investment firms. GFI assesses potential borrowers from three perspectives.
- (1) Compliance – assesses individual’s willingness to pay
- (2) Ability to pay – assesses individual’s behavioural competencies such as grit and perseverance
- (3) Ethical financial decision-making - assesses individual's financial knowledge and competencies.
GFI collects and analyses psychographic data to predict if a person will repay loan. This approach allows lenders to access information that may not be available through traditional credit assessment. This offers a more accurate and inclusive evaluation of an individual’s creditworthiness. Additionally, GFI platform has been designed to have the capability to gather multiple sources of data such smartphone metadata and bank’s transactional data. This will allow financial institutions who would like to integrate multiple types of alternative data for prediction.
Example of a real case:
• One Islamic Bank and Global Psytech collaborated to carry out R&D to address the credit gap for micropreneurs, while improving the existing underwriting and credit-scoring model.
• Credit Bureau Malaysia and Global Psytech collaborated to offer a cutting-edge credit scoring model that integrates conventional credit information with alternative data. This initiative aims to redefine credit assessment and behavioural insights using psychographic data. By combining CBM's extensive credit data with Global Psytech's advanced behavioural analytics, the partnership seeks to enhance the accuracy and inclusivity of credit evaluations.
GFI plays a vital role in bridging the financing gap that affects MSMEs, a critical sector in Malaysia’s economy. GFI contributes to more equitable economic growth, financial inclusion. It also supports the increased participation of young business owners, fostering the growth of the entrepreneurship ecosystem in Malaysia.
• Bank A: Micro-Customer Empowerment
Bank A successfully lent RM12 million to micro customers, a significant achievement in empowering underserved communities. This initiative led to about a 50% improvement in Non-Performing Financing (NPF), showcasing the effectiveness of their lending strategies. The key takeaway is that GFI's tailored solutions were instrumental in enabling effective micro-lending. By offering personalised customer coaching, these solutions minimised financial risks, allowing even micro customers to thrive and meet their financial obligations.
• Bank B: Inclusive Lending for Women
Bank B developed a successful lending model specifically designed for women, marking a significant step in promoting gender-inclusive financial services. This initiative resulted in a 25% reduction in delinquency rates, demonstrating the model's effectiveness in managing financial risk. Additionally, the program increased financial inclusion and diversified the bank's customer base, bringing more women into the formal financial system. The key takeaway is that GFI's adaptable solutions were instrumental in supporting the creation of this innovative lending model, fostering greater inclusivity and significantly expanding the bank's market reach.
• Bank C: Start-up SME Financing
Bank C achieved notable success in lending to start-up SME businesses, a sector traditionally considered high-risk. This strategic focus on supporting emerging enterprises resulted in a remarkable 47% improvement in Non-Performing Financing (NPF), demonstrating the effectiveness of their approach. The key takeaway is that GFI's expertise played a pivotal role in assisting the financial institution to expand its lending portfolio to include start-ups. By mitigating the perceived risks, GFI enabled Bank C to support the growth of these new businesses, contributing to broader economic development.
(2) Talent Analytic Platform
Businesses can transform their talent development strategies and achieve organisational goals through data-driven insights.
Talent Analytics Platform, known as People Assessment System (PeAS), provides organisations with powerful analytics that enable them to unlock the full potential of their workforce, ultimately driving productivity and fostering a culture of continuous improvement.
PeAS is categorised into three main categories, each designed to address specific aspects of talent management:
- Work Analytic – design for workforce development and productivity optimisation
- Entrepreneur Analytic – design for entrepreneurial development and productivity
- Educational Analytic - design for enhancing educational outcomes and student performance
PeAS empowers organisations to make informed decisions about talent management, from recruitment and training to development and retention. The platform is highly customisable, this allows organisations to tailor assessments and analytics to their specific needs and industry requirements. By aligning employee strengths with organisational goals, PeAS help businesses maximise productivity and drive overall success.
Example of a real case:
ABS Greentech: Selection of Individuals for Smart Farming Project
- ABS Greentech as a partner of Global Psytech had successfully addressed the challenge of selecting suitable individuals for their smart farming project by utilising advanced behavioural analytics by Global Psytech. These tools allowed ABS Greentech to assess candidates against specific behavioural competencies tailored to the project’s focus on smart farming, particularly pesticide-free techniques. This strategic selection process ensured an optimal team fit, leading to significantly improved project outcomes and reinforcing the value of our customised solutions in promoting sustainable agricultural practices.
Scholarship Providers: Holistic Candidate Evaluation
- Traditional scholarship assessments often focus predominantly on academic success, overlooking vital non-cognitive factors like leadership, agility, grit, and emotional intelligence. Our talent analytic solutions have empowered scholarship providers to evaluate candidates holistically, taking these critical attributes into account. As a result, scholarships are more equitably distributed to support well-rounded individuals who are poised to excel not only academically but in various aspects of life.
Development of Succession Planning for Organisations: Work Analytic Solution
- Organisations often struggle to identify and prepare future leaders, resulting in leadership gaps during transitions. Our work analytic solutions provide comprehensive insights into employee potential and readiness for leadership roles. By leveraging these insights, organisations can develop more effective succession plans, enabling targeted interventions and development programmes that ensure smooth leadership transitions and continuity.
Integrity Assessment: Mitigating Counterproductive Behaviours
- High absenteeism, legal disputes, workplace theft, and other counterproductive behaviours can have a detrimental impact on organisational performance. Our integrity assessment solution enables organisations to identify potential risks related to these disruptive behaviours early on. This proactive approach enables organisations to implement preventive measures, effectively reduce the incidence of these costly issues and foster a healthier and ethical work environment. Partnering with an esteemed organisation such as the Institut Integriti Malaysia (IIM) will openup more opportunities for Global Psytech’s integrity solutions to expand to organsations of all sizes.
Solutions for Enhancing Selection of Leaders at Local Universities
- Our Talent Analytics Solutions have been instrumental in enhancing the selection process for leadership roles at local universities. By leveraging advanced behavioural analytics, we identify candidates with the optimal mix of skills, leadership qualities, and cultural fit. This data-driven approach ensures that selected leaders are well-equipped to drive positive change and foster academic excellence. This contributes to more effective governance and improved outcomes for the institutions.
(3) Intelligent Exam Management System
The Intelligent Exam Management System, known as ExamPro, is designed to facilitate efficient exam creation, administration, and management. This platform integrates cutting-edge technologies such as AI remote proctoring, tailored (adaptive) testing and automated item generation to ensure secure, fair, and insightful assessments.
ExamPro’s AI proctoring ensures that exams are conducted fairly, maintaining the integrity of the assessment process. The platform offers deep insights into the examination or assessment results, helping educators and institutions refine their teaching methods and curricula. Whether for small classes or large-scale certification exams, ExamPro provides scalable solutions that meet the needs of educational professional organisations.
Example of a real case:
Monitoring Remote Examinations using ExamPro
- ExamPro was employed by examination bodies to monitor remote exams effectively. This is to ensure that the integrity and fairness of the assessment process were maintained. By utilising AI proctoring, these organisations were able to oversee exams conducted in various locations, providing a secure environment that minimised the risk of cheating or other dishonest practices. This approach has safeguarded the value of the certifications awarded and allowed for greater flexibility in how exams were administered.
Enhancing Data Integrity using ExamPro
- A certification body in cybersecurity leveraged ExamPro to enhance the integrity of their certification process. By incorporating advanced features such as AI-driven tailored testing and analytics, the body ensured that every aspect of their assessments was rigorous and secure. This not only upheld the credibility of the certifications awarded but also provided detailed insights into candidate performance, enabling continuous improvement of the certification standards and processes.
Traction
We are thrilled by the positive momentum we have achieved in the past 6 years.
Global Psytech MENA, incorporated in Qatar in 2022, commenced operations in 2023. Since then, the Company has successfully completed 5 Proofs of Concept (PoCs) with large organisations and government ministry in Qatar, which successfully showcased its capabilities and commitment to delivering innovative solutions in the region.
We're excited about our future and remain steadfast in our commitment to delivering exceptional services to our clients. We aim to establish new benchmarks of excellence for individuals and communities beyond borders.
Customers
Global Psytech serves a diverse array of clients across various industries with its extensive range of platforms and services.
This list comprises both current and potential clientele:
- Individuals: Borrowers, Career Seekers, Individuals seeking for professional development
- Financial Institutions: Banks, Non-Bank Lenders, Digital Lender, Credit Cooperatives, Insurance Corporations
- Public Sector
- Private Sector
- NGOs
- Education Industry: Public Universities, Private Universities
- Health and Wellness Industry
- International Reselling Partners
- Green Agritech
- Government-linked companies
- Government-owned companies
- Exam and Certification bodies
Business Model
Multiple packages are available for different customers’ needs.
Subscription Fee
- Our subscription plans are designed to accommodate a variety of individual/organisational needs. Whether you are an individual, small business, a growing enterprise, or an established corporation, our flexible subscription options allow you to choose a plan that aligns with your budget and usage requirements.
Fee per use
- The pay-per-use model is designed to offer our clients a cost-effective and scalable solution, aligning with the dynamic nature of modern business environments while providing transparency and control over expenditure.
White Labelling
- White labelling with Global Psytech represents a collaborative partnership where clients can effortlessly incorporate our leading-edge data tech solutions into their offerings, enhancing their brand value and market competitiveness.
Training & Consultancy
- Training and Consultancy services are crafted to not only equip clients with the necessary skills but also to guide organisations strategically, ensuring a seamless integration of our data tech solutions for sustained success in client’s industry.
Market
Direct to Customers
- More than 1,600 users/ customers, 20 companies and 2 countries are already using our platforms and newly launched apps. We will continue to expand our customer base and enhance our technology. We are also exploring partnerships to expand to regional and global markets.
Huge Potential: Market Size (Global)
- Credit Scoring – USD15 billion (at CAGR of 5% for 2020 – 2027)
- Talent-related Assessment Services – USD6.47 billion (at CAGR of 7.2% from 2020 – 2027)
- Exam Services – US$ 1982.37 million (at CAGR of 11.9% from 2021 to 2031)
CAGR: Compound Annual Growth Rate
Source: Business Research Insights (Mar, 2024).
Reselling Partners
We are expanding our network of reselling partners to increase market penetration and reach new audiences globally.
Competition
Competitive Edge
1) Culture and Behavior-centric
Global Psytech’s culture and mission that focuses on the alignment of science and technology to improve the field of assessment is rooted in a profound understanding that technology is most impactful when it aligns seamlessly with the unique culture, norms, values and behaviours of our clients.
2) High Predictive Accuracy (>90%)
GFI accurately estimates the risks associated with financing, using behavioural analytics and machine learning algorithms. Within minutes, GFI automatically generates detailed reports that will help a financial officer decide whether to approve or reject an application. GFI model can now predict with > 90% accuracy whether an individual will default on a loan.
3) Multiple Packages and Customisable
We understand that each client is unique, with distinct requirements and objectives. To address this diversity, we take pride in offering a range of carefully crafted packages, ensuring that our solutions cater to a spectrum of needs within the data tech landscape.
4) Hands-on Implementation Experience – across various types of stakeholders
Our proficiency in psychometric testing extends beyond theoretical knowledge. We pride ourselves on our hands-on implementation experience, specifically tailored for diverse types of stakeholders. This entails the practical application and integration of methodologies within the operations and decision-making processes of lending institutions.
By combining the rigor of psychometrics with real-world implementation, we ensure that our clients receive not only cutting-edge theoretical insights but also tangible, actionable results that enhance decision-making processes and overall efficiency within the lending landscape. This hands-on approach sets Global Psytech apart as a partner dedicated to translating advanced behavioural analytics into practical solutions for stakeholders across the industry.
5) SOPs for Deployment and Scaling
We recognise the critical importance of a systematic and efficient approach to deployment and scaling. Our commitment to excellence is reflected in the development and adherence to rigorous SOPs specifically tailored for these key phases of implementation.
6) Awards & Recognitions for Global Psytech (locally and globally) in 4 different categories:
- Islamic Finance
- Champion of FIKRA ACE 2023 by Securities Commission Malaysia
- i-Connect Malaysian Collaborative Network for Innovation – Fintech in Islamic Finance – Winner in 2021
- Top 10 The Royal Islamic Finance Award Impact Challenge 2022 by Securities Commission and Bank Negara Malaysia
- Winner of Women Digital Entrepreneur Award (Islamic Digital Economy) Digital Economy Industry Appreciation Award 2022
- Technology/ Fintech
- 4-Star Rating for SME Competitiveness Rating for Enhancement (ICT Model) by SME Corp Malaysia
- Winner of Malaysia Top Achievers Award 2023 as the Industry Excellence in Advanced Data Analytic Solutions
- Winner of the Malaysia Digital X-Port 2023 to Pacific Region
- Malaysia Digital Status Recipient 2022
- Digital Economy Industries Appreciation Award by Malaysian Digital Economy Malaysia (MDEC)
- Winner - Women in Tech® Lifetime Achievement Award 2022 for the Malaysian Chapter of the Women in Tech® Global Movement
- Finalist - International APICTA 2023 Awards – Hong Kong for Artificial Intelligence Category
- Top 50 International Tech Companies 2019 o 1st Runner Up for She Loves Tech Malaysia 2020
- Winner of the International Business Review Asian Awards 2020 For Innovative Technology in the ICT Sector Talent and Behavioural Analytics Category
- Financial Inclusion
- Female Economy Bronze Fintech Award 2020 by Financial Alliance for Women
- Champion Pacific Island Fintech Innovation Challenge 2022 by UNCDF
- Top 4 Digital Financial Inclusion for Women’s Businesses in Pakistan 2023
- Top 18 Malaysia Fintech Challenge for B40 2019
- Accelerator
- Top 5 Qatar Fintech Hub Accelerator 2021 by Qatar Development Bank Accelerate Regional Membership 2021 (Bank of America & Impact Hub KL)
- Top 3 Selangor Super League 2021 by SIDEC
- 1st Runner Up Selangor Accelerator Programme 2021 by SIDEC
Funding
Global Psytech is seeking to raise MYR 5 million, offering up to 11.10% equity. The funds will be used for product enhancement, commercialization, and operational costs.
Vision
▪ Our Vision: to become a world-class provider of cutting-edge data tech solutions by integrating multiple scientific disciplines, including artificial intelligence, machine learning, behavioural science, statistics, and psychometrics.
▪ Our Mission: to provide high-quality, innovative data tech solutions to clients in various industries around the world.
Founders
Dr. Haniza Yon
CEO of Global Psytech Sdn Bhd
Founder of Global Psytech, GFI Fintech Malaysia and GFI Fintech LLC Qatar
Dr. Haniza Yon is the founder and CEO of Global Psytech, Chairman of GFI Fintech (Malaysia), and Director of Global Psytech MENA LLC (Qatar). She has provided the management and intellectual leadership in the development of GFI, an AI-based credit risk assessment system. She is the country’s foremost psychometrician and successfully led a multi-disciplinary team that developed various commercial products. Psychometric technologies that operate on intellectual property produced by her are widely used in many government and private organisations across various industries in Malaysia and internationally.
Her research and business objectives are centred around the application of behavioural science and digital assessment technology to assess human potential and capabilities. She is a data scientist with a long-standing interest in psychometrics and data science. She was the founding President of the Malaysian Psychometrics Association (MPA) and is currently serving her thirteenth presidential term. She has been working in psychometrics for more than 25 years, including as a psychometrician at Educational Testing Service (ETS), Princeton, New Jersey, as a Vice President at Integrated Knowledge Systems (IKS), Illinois, USA, as a Principal Researcher in the Artificial Intelligence Lab and as a Director of the Psychometrics and Cognitive Analytics Labs at MIMOS Berhad, Malaysia.
Background and Education:
▪ PhD Measurement and Quantitative Methods (Psychometrics), Michigan State University, USA
▪ BSc, MSc Ed, MSc Applied Statistics, Universiti Malaya
Professional Experience:
▪ Vice President, Integrated Knowledge System (IKS), Illinois, USA
▪ Senior Psychometrician, Educational Testing Service (ETS), Princeton, NJ, USA
▪ Principal Researcher, Artificial Intelligence Lab, MIMOS Berhad
▪ Director, Psychometrics/Cognitive Analytics Labs, MIMOS Berhad
Adjunct Professor
▪School of Economics, Finance & Banking, Universiti Utara Malaysia (UUM)
▪ Laboratory for Statistics and Computation, ISLA, Portugal
Adjunct Fellow
▪School of Quantitative Sciences, Universiti Utara Malaysia (UUM), Malaysia
▪ Educational Research Lab, UPSI, Malaysia
▪ Research Fellow, Psychometrics Centre, Cambridge University, United Kingdom
Other Affiliation
▪ President, Malaysian Psychometrics Association (2011-present)
▪ Technical Chairman, TC/03 MS ISO 106670/1 & 10667/2, Dept of Standards, Malaysia
Team
Investment Terms
Investment Offer
Disclosure
- pitchIN and its officers and staff may also be investing in this campaign
- Under ECF Guidelines, valuation is determined and set by the Issuer. Investors are advised to carefully peruse all investment offers and documents before making investment decisions.
- Equity - OS
- ~ up to 11.10%
- RM 40,036,500
- RM 2,000,250
- RM 5,000,625
- -
- Global Psytech Sdn Bhd
- Wisma Suria, Level 3, Jalan Teknokrat 6, Cyber 5
- 2017010416781255851V