What our clients say about AI in Credit Decisions

This collaboration will enable us to implement the perfect amalgamation of an AI-driven approach and appropriate human intervention to analyze credit accurately. We will continue to explore innovative ways of creating consistent value for our stakeholder ecosystem and remain steadfast in our mission of making education financing seamless and affordable for every deserving Indian student"

At U GRO Capital, we pride ourselves in being a ‘people’s company’ and providing a ‘You-centric’ credit approach for small and medium businesses who have historically lacked access to formal credit. Our partnership with Scienaptic AI will help us to identify any emerging signals if our customers are facing financial difficulties and help them overcome their hurdles. This will support our mission of building India’s leading Lending as a Service (LaaS) platform to resolve the credit gap in the MSME sector. Our early analysis indicates that the Scienaptic’s platform resonates well with our technology architecture, as we continue to enhance its utility.”

We are very excited to use Scienaptic's AI-based credit decisioning platform to support our loan customers and improve their lives financially,” commented Han Peng Kwang, Chief Executive Officer at Wing Bank. “Scienaptic’s domain expertise in using AI-powered lending models and tailored along with their proven credit decisioning engine platform will help us analyse the eligibility of loan customers to qualify for loans almost instantly based on the customer’s data.”

Today, millions of MSMEs in India are unbanked and lack a credit score. The credit gap for such MSMEs is about $250 billion. Scienaptic’s AI-powered credit decisioning platform will help us bridge this gap by automating and strengthening our credit decisions. We will also lower our risk and make credit more accessible to underserved business owners.

Scienaptic is our strategic partner and is helping us build the right risk scorecards, decisioning strategy and credit limit based on risk assessment with a platform to execute decisioning in real-time. This platform will allow us to make loan decisions and approve credit faster and in larger volumes, while managing our risk.”

India has 130 million ‘credit active’ users and only 38 million of these have a credit card today, signalling a severely underpenetrated credit industry in the country. We see a huge whitespace for innovation and an opportunity to design credit products for a varied set of customers. Our PayLater Card - Uni Pay 1/3rd Card, has one of the lowest NPAs in the industry. We are delighted to have a partner like Scienaptic as we expand further and make access to credit democratic."

Traditionally, formalized lending institutions ignore underserved segments of the population. There is no credit card penetration among blue-collar workers, and they have a limited credit history. Considering these limitations, a platform like Scienaptic, which gives us the flexibility to integrate alternative data and change strategies rapidly, was a must. With Scienaptic's decision engine, we are empowering low-income workers with faster access to credit. The AI engine has already helped us determine the financial picture of over 500,000 applicants dynamically."

We are on a mission to be the leading microfinance institution through digital technology, operational efficiency, and service excellence. Scienaptic's AI-powered credit decisioning platform is a perfect fit for this mission. The cutting-edge AI will help us enhance credit access to small businesses and individuals, while ensuring our delinquencies are much lower than the industry.”

Scienaptic’s platform will help us continue to stay true to our philosophy of customer centricity, innovation and transparency. This platform has simplified and automated our underwriting process, allowing us to expand our customer base, serve them efficiently, while managing our risk better.”