Finbots

What is Finbots

Finbots is an AI-powered credit risk modeling platform called creditX, which allows lenders to quickly build accurate credit scorecards in just one day. The platform utilizes powerful AI algorithms and automation to connect and analyze data, validate and deploy scorecards, and make instant lending decisions. It has been trusted by major banks and has shown increased revenue, decreased risk, and improved operational efficiency. It offers transparent and explainable AI and is a member of the AI Verify Foundation.

Key Features of Finbots

- AI-Powered Credit Risk Modelling Platform: Provides high-accuracy AI-powered credit scorecards rapidly within a day.

- Application Scorecards: Assess the risk of new credit applications using advanced AI models.

- Behavioural Scorecards: Monitor and evaluate the ongoing credit behavior of borrowers to manage risk.

- Collection Scorecards: Enhance debt collection efforts with predictive scoring models that optimize recovery rates.

- Instant Decisioning: Deliver real-time credit decisions in less than 1 second.

- Reduced Loss Rates: Cut down loss rates by over 15% using advanced predictive models.

- Operational Efficiency: Reduce operating costs by more than 50% with automated processes.

- Comprehensive Data Integration: Connect and validate data from internal, external, and alternate sources for robust model building.

- Feature Engineering & Variable Selection: Utilize over 100 auto-derived variables for precise model accuracy and performance.

- One-Click Deployment: Deploy custom scorecards instantly via API for seamless integration and real-time decision making.

- Transparent and Explainable AI: Proud member of the AI Verify Foundation, ensuring fair and accountable AI governance.

- Global Expertise: Team comprises former C-Suite executives, data scientists, and technologists, blending finance and tech expertise.