Finbots.ai is an integrated, end-to-end, AI-powered credit modelling solution that enables smarter, faster, and more inclusive lending. The tool allows you to build high-accuracy credit models quickly within minutes, reducing risk and saving cost. It comes with an AI-led SaaS platform that helps you build, validate, and deploy performance-oriented credit models across the full credit lifecycle of applications, behavior, and collections.
Finbots.ai tool offers three types of scorecards for credit risk management, including application scorecards, behavior scorecards, and collection scorecards, each designed to assist in minimizing risk and maximizing collections.
The AI algorithms integrated into the platform help you build, validate, and deploy sharper credit models that enable you to approve more loans with less risk. The platform is transparent, fair, and explainable, allowing full control over the decisions made.
It operates on five core principles of accuracy, speed, transparency, adaptability, and inclusiveness, making it work seamlessly with the data, workflows, and systems you already have. The solution has been trusted by banks, fintech lenders, SME lenders, BNPL players, and credit bureaus worldwide.
The tool has achieved significant results, with over 25% increase in approvals, 15% decrease in loss rates, and a 20-points increase in GINI. Finbots.ai’s clients can help more customers with more accurate predictions of creditworthiness, providing for better and more inclusive lending practices. Overall, this tool is a cost-effective, time-saving, and innovative solution for credit risk management in today’s fast-paced lending environment.
More details about Finbots
Who are the typical clients of Finbots.ai?
The typical clients of Finbots.ai include banks, fintech lenders, SME lenders, Buy-Now-Pay-Later players, and credit bureaus.
How can Finbots.ai help to reduce credit risk?
Finbots.ai mitigates credit risk by leveraging the power of AI to build high-accuracy credit models. It provides three types of scorecards that are designed to help detect risky clients, predict high-risk scenarios before default, and improve debt collection and recovery rates.
What is Finbots.ai?
Finbots.ai is an end-to-end, AI-powered credit modeling solution that aids in smarter, quicker, and more inclusive lending.
What is the process of building a credit model with Finbots.ai?
Building a credit model with Finbots.ai involves using their AI-led SaaS platform to build, validate, and deploy high-performance credit models across applications, behaviour, and collections.
How does the Finbots.ai platform ensure transparency and fairness?
The Finbots.ai platform is designed to be transparent and fair. Its AI is explainable, allowing users to see the rationale behind decisions. This ensures customers have complete control over the decisions made with the platform.
What kind of services does Finbots.ai provide?
Finbots.ai provides an integrated AI-led SaaS platform to build, validate, and deploy high-performance credit models across applications, behaviour, and collections. It offers three types of scorecards for credit risk management: application scorecards, behaviour scorecards, and collection scorecards.
