March 28, 2024
How AI is Dramatically Changing Credit Decisioning
Artificial Intelligence (AI) is revolutionizing credit decisioning, reshaping how lenders assess creditworthiness.
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AI that writes Credit Reports on its own !!
AbleCredit is your friendly, supportive credit assistant. It generates Credit Appraisal Memos based on your policies, without any human intervention.
20X Faster Credit Underwriting
Credit Report in 3.5 mins flat, without humans
Make sure you have the right technology in place to innovate, compete, and grow.
Study multiple data sources for every Loan Case
Make sure you have the right technology in place to innovate, compete, and grow.
Prevent Fraud. Enhance Portfolio Quality
Make sure you have the right technology in place to innovate, compete, and grow.
Able: A New Dawn in Credit
AbleCredit generates Credit Appraisal Memos (or CAMs) based on your Credit Policy. Our AI ensures accuracy and compliance, streamlining the lending process and empowering confident decision-making for lenders.
10X Larger Loan book is Possible
With a Credit Gap of USD 5 Trillion in Indian Subcontinent, the right technology can deliver dramatic growth.
Capture Untapped Markets
Markets with scarce data can be underwritten by an AI that knows Finance like a CA, and is fast like a machine.
Detect and Reject
Unfit loan cases take up Credit Team's time unnecessarily. AbleAI detects and rejects them quickly.
How AbleCredit Works
Enterprise Ready AI
Able AI generates a Credit Report along with a Deviation Matrix. The Credit Team can follow it to take final call.
Creates a Deviation Matrix
Able creates a Deviation Matrix, as per your guidelines, so that relevant officers can take the final sanction call.
Auto-Executes Business Rules
Able executes the business rules, as per existing guidelines in your Credit Policy.
Features Designed to Give You the AI EDGE
List of Features
Discover Quality of Revenue
Uncover true business potential by studying counterparties.
Top Counterparties
Automate Personal Discussions
Assist your credit team to get deep into the lives of borrowers.
AI Driven PD
Study Industry & Market Trends
Benchmark each loan case against the right industry data.
Industry Benchmarks
Automate Rules and Deviations
Get the AI to run your busines rule engine, and generate deviations.
Credit Automation
Your Lending Products, Supercharged with AI
Lend to Borrowers Without Credit History
Revolutionize cashflow-based lending with AI.
Assess borrower repayment capabilities by analysing Cashflow Data
Predict future cashflows by auto-referencing vast amounts of data.
Reduce Risks by setting accurate credit limits with customised loan terms
X-Ray of Assets for Secured Loans
Streamline secured lending by rapidly summarizing and thoroughly analyzing technical and valuation reports.
Free up the Credit Team to engage in deeper discussions with customers
Generate detailed analysis to stay compliant.
Assess Anchors and Their Vendors Relationships
Onboarding large anchors is a breeze thanks to AbleCredits deep AI system. Set custom credit limits for each vendor using a stright-through process.
Frequently asked questions
How will AbleCredit increase a Lender's market share?
AbleCredit is designed to deliver human-expert like reports, using multiple data sources, within minutes. You can underwrite a lot more loans, and have the credit team focus on customers a lot more.
Can you explain the pricing model?
Able is priced on a per loan case basis. As an enterprise focused product, we have a very flexible pricing. The exact price depends on the number of data sources and the volume of loan applications getting processed per year.
Is AbleCredit deployed in any of the large banks or NBFCs?
AbleCredit is in a pilot stage with 10+ large scale NBFCs and banks. Given the complexity of our space, the AI is getting better everyday at analysing like humans, and in some cases, even better.
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