Finbots.AI

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Finbots.AI is a Singapore-based fintech company specializing in AI-powered credit risk solutions. Their flagship product, creditX, enables financial institutions to rapidly develop, validate, and deploy high-accuracy credit scorecards without the need for coding expertise. This no-code platform significantly reduces the traditional model development timeline from months to just one day, enhancing operational efficiency and decision-making speed. Key Features and Functionality: - Rapid Scorecard Development: Build and deploy custom credit scorecards within a day, streamlining the credit modeling process. - No-Code Platform: Empowers users to create and implement models without programming skills, making advanced credit modeling accessible to a broader range of professionals. - High Accuracy: Utilizes proprietary AI algorithms to deliver market-leading accuracy in credit assessments, improving approval rates and reducing non-performing loans . - Comprehensive Data Integration: Seamlessly connects with internal, external, and alternative data sources to build robust models. - Automated Processes: Features automated data validation, transformation, and feature engineering, enhancing efficiency and reducing manual errors. - Regulatory Compliance: Ensures adherence to data privacy, hosting, and security standards, meeting all regulatory and compliance requirements. Primary Value and User Solutions: CreditX addresses the challenges financial institutions face with traditional credit modeling methods, such as lengthy development times, high costs, and limited accuracy. By offering a swift, no-code solution, it enables lenders to: - Increase Revenue: Achieve over 20% increase in loan approvals by accurately assessing creditworthiness. - Reduce Risk: Experience more than a 15% decrease in loss rates through precise risk evaluation. - Enhance Efficiency: Reduce operating costs by over 50% with automated and streamlined processes. - Accelerate Decision-Making: Make instant lending decisions in less than 0.03 seconds, improving customer satisfaction and competitive edge. By leveraging creditX, financial institutions can transform their credit risk management practices, leading to more profitable lending and improved financial inclusion.