Finbots

Overview of finbots.ai

finbots.ai offers a no-code AI model builder platform called creditX that allows lenders to rapidly build and deploy highly accurate credit risk models known as scorecards. The proprietary AI algorithms in creditX can ingest data, engineer features, build and validate models, and deploy them via API in just 1 day, versus 9-12 months typically required.

creditX offers application, behavioral, and collection scorecards to support the full lending lifecycle. The platform connects to internal, external, and alternate data sources to build comprehensive models. finbots.ai serves clients globally across banking, fintech, lending, and insurance.

How Does finbots.ai Work?

The creditX platform is designed to be easy to use for any lending professional without coding skills. The key steps are:

• Data Ingestion - Connect and ingest data from any source. The platform handles data validation, transformation, and encoding automatically.

• Feature Engineering - Leverage over 100 auto-derived variables. Advanced algorithms identify non-linear relationships and select optimal variables.

• Model Builder - Configure model parameters and generate new models instantly to see impact on PDs. Tweak models as needed.

• Model Validation - Cross-validate models using proprietary trained frameworks for maximum accuracy.

• Model Deployment - One-click deployment via API enables real-time decisions.

• Monitoring - Built-in monitoring, analysis, and reporting track model performance.

Key Features and Benefits

• Speed - Build models in 1 day versus 9-12 months typically
• Accuracy - Advanced AI and ML algorithms drive higher accuracy
• Automation - Fully automated process requires no coding
• Flexibility - Easily tweak models to optimize for business objectives
• Scalability - Cloud-based platform scales as you grow
• Explainability - Understand what's driving model decisions
• Fairness - Algorithms proactively reduce bias and increase fairness
• Security - Bank-grade security and compliance standards

Use Cases and Applications

finbots.ai and creditX support a wide range of lending use cases:

• Consumer Lending - Application scorecards for personal loans, credit cards, auto loans, and more
• SME Lending - Small business lending models for faster underwriting
• Commercial Lending - Corporate lending models to efficiently evaluate risk
• Credit Line Increase - Behavioral models to identify good customers for line increases
• Early Delinquency - Collection scorecards to predict risk of new delinquencies
• Debt Collection - Prioritize and segment customers for collection activities

The platform is flexible enough to support any credit product for banks, NBFCs, fintech lenders, and more.

Who is finbots.ai For?

finbots.ai serves a global client base across:

• Banks - Regional, national, and multinational banks of all sizes
• Fintech Lenders - Digital consumer and business lenders
• NBFCs - Non-banking financial companies
• Credit Providers - Retailers, telcos, and others providing consumer credit
• Insurers - Insurance providers using credit risk models
• Governments - Agencies providing loans, grants, and credit guarantees

Essentially any lending organization can benefit from finbots.ai's AI modelling.

Customer Success Stories

finbots.ai counts leading banks, lenders, and fintechs as clients. Some examples:

• Increased consumer loan approvals by 15% with lower default rates for a Southeast Asian bank
• Helped a Nigerian fintech lender expand financial inclusion for underserved MSMEs
• Enabled a Middle Eastern bank to increase credit card approvals by 25%

Leadership and Team

finbots.ai was founded in 2019 by former banking executives and data scientists. The team combines deep domain expertise in finance and risk with advanced skills in AI, data science, and engineering.

Leadership includes:

• Rajesh Garg, Co-Founder and Chairman - Former CRO Asia Capital Markets at Barclays
• Dr. Markus Schmid, Co-Founder and CEO - Veteran risk modeling expert
• Stephen Boon, Co-Founder and CTO - Former Chief Data Scientist at Singapore Power

Conclusion

In summary, finbots.ai provides a game-changing AI platform enabling lenders to build highly accurate credit risk models in just 1 day. The creditX solution is transforming how banks, NBFCs, fintechs, and other lenders evaluate credit, approve borrowers, and manage risk. With proven value delivered to top financial institutions globally, finbots.ai is poised to lead the new era of AI-powered lending.