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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Analyze collateral documents for secured lending
AbleAI's analysis typically includes assessing the value, ownership, and condition of the collateral to determine its suitability and risk level. This helps the credit officer in making informed decisions about the loan, including the amount, terms, and conditions offered to the borrower.
How does it work?
Step 1: Document Parsing
AbleAI extracts relevant data from various sources, such as databases, documents, or APIs.
Step 2: Credit Policy Fitment and Risk Assessment
AI analyzes collateral quality, condition, in accordance with the Credit Policy. And evaluates risks, considering market trends, asset depreciation.
Step 3: Decision Support
AI aids lenders in secured lending decisions, assessing collateral and mitigating risks.
Secured Loans at Lightening Speed
AbleAI automates collateral document analysis, expediting lending by evaluating reports, providing insights, accelerating decision-making, reducing workload, enabling faster approvals, enhancing efficiency.
Better Risk Assessment
AbleAI analyzes collateral documents for risk assessment, evaluating asset quality, identifying potential risks, enabling accurate risk assessment, and effective default mitigation.
Create a Competitive Advantage
AI for collateral analysis enhances lender's competitive edge, streamlining operations, enabling quicker, accurate decision-making, positioning as innovative, reliable, attracting borrowers, strengthening market position.
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
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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.
