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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Automate your Business Rules with AI precision
AbleAI can learn your Business Rule Engine, including the Scoring Rules, Rejection Criteria and Deviation Matrix. Then, like a human Credit Underwriter, AbleAI will apply these rules to every incoming loan case.
How does it work?
Step 1: Data Extraction and Processing
AbleAI extracts relevant data from various sources, such as databases, documents, or APIs.
Step 2: Rule Definition and Configuration
The business rules are defined and configured within the AbleCredit rule engine
Step 3: Automation and Monitoring
Finally, the AI system is configured to process incoming data, apply the rules, and trigger actions.
Integrate Quickly
It is very simple and easy to integrate AbleCredit's AI system to your current process flow. Once set up, the Credit Team can start to just monitor, check and do better risk assessments.
Reduce Workload on The Credit Team
Automation of CAM and Credit Decision ensures that Credit Team can spend more time on promising cases
Scale Up The Credit Ops
Credit Operations require diligence, speed and accuracy - everything AI is good at. With Able, you can scale up the Credit Ops dramatically.
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.
