AI enables financial institutions to understand their customers better through their transaction behavior. Processware has analyzed more than 20 Million loan transaction records to build an AI enabled model to assess the credit-worthiness of an applicant.
The model has been trained on a large number of data-sets to achieve higher accuracy levels. The model learns over a period of time to reflect each financial institutions’ credit policy and assessment methods. Customers will be able to get instant decisions through this model on their mobile app.