finbots creditX : Better credit decisions with artificial intelligence (AI).

Built by bankers, creditX is a full-scale AI-powered credit scorecard system that delivers high performance scorecards spanning the customer credit lifecycle – application, behaviour and collections – rapidly and enables real time application processing. Advanced machine learning algorithms automatically build, validate, and deploy real-time, high-performing risk models within hours.

creditX's advanced machine learning algorithms automatically build, validate, and deploy real-time, high-performing credit scorecards across the customer lifecycle - application, behaviour and collections.

Its intuitive user interface allows scorecard lifecycle management from data ingestion to developing and deploying new scorecards within just hours or days.

Note: To learn more about pricing, please contact us via this product page.

Issues it solves

Credit scorecard lenders today face three key challenges:

• Low to moderate accuracy
• Long development and deployment cycles (3 to 6 months)
• High cost of traditional platforms implies that most lenders use rudimentary analysis and rules to develop scorecards
• This results in large market inefficiencies, causing millions of creditworthy individuals to either not be served or pay too much to borrow money

Benefits

• Reduce risk costs with higher accuracy scorecards
• Increase revenues: better credit assessment of credit applications and generates automatic counter-offers (within an acceptable probability of default) for rejected applications
• Recalibrate scorecards on demand
• Explainable AI: a detailed analysis of how AI is applied to loan applications
• High ROI: sophisticated capabilities accessible to lending institutions, large and small

Recommended for

• Banks
• Fintech lenders
• Microfinance institutions
• Housing finance companies
• Credit card companies
• Car finance companies
• Other lending institutions