Finbots.ai logo

Finbots.ai

Finbots.ai's CreditX provides AI-powered credit risk management for lenders, boosting approval rates and reducing costs.
Visit website
Share this
Finbots.ai

What is Finbots.ai?

Finbots.ai is an AI credit risk platform specializing in providing an innovative AI-powered credit risk management solution through its flagship product CreditX. This platform offers custom scorecards, rapid deployment, and intelligent lending features that cater to the needs of lenders seeking enhanced accuracy and operational efficiency. By leveraging robust AI and ML algorithms, financial institutions can experience a significant increase in approval rates, a decrease in loss rates, instant decision-making, and a notable reduction in operating costs. Trusted by major global financial entities, Finbots.ai's solutions are designed to be transformative, ensuring accuracy, transparency, and fairness in credit assessment processes.

Who created Finbots.ai?

Finbots.ai was founded in Singapore by a team of former C-Suites, data scientists, and technologists. The team combines global domain knowledge in finance with deep technological expertise to develop accessible next-generation fintech solutions worldwide. The company is known for its transformative solution creditX, designed to strengthen credit risk management and enhance operational efficiency and agility in the financial industry.

What is Finbots.ai used for?

  • Enhancing accuracy and operational efficiency for lenders
  • Increasing approval rates by over 20%
  • Decreasing loss rates by more than 15%
  • Enabling instant decision-making in under a second
  • Reducing operating costs by over 50%
  • Deploying custom credit scorecards for retail, SME lending, personal loans, and credit cards
  • Trusted by leading global financial entities
  • Improving credit risk management
  • Providing fair, transparent, and explainable technology
  • Driving financial inclusion and profitability
  • Enhance accuracy and operational efficiency for lenders
  • Increase approval rates by over 20%
  • Decrease loss rates by more than 15%
  • Enable instant decision-making in under a second
  • Reduce operating costs by more than 50%
  • Deploy custom credit scorecards for various lending products
  • Improve credit risk management
  • Enhance operational efficiency and agility
  • Boost lending profits and reduce non-performing loans
  • Build rapid, custom scorecards AI-automatically
  • AI Credit Scoring to boost lending profits and reduce NPLs
  • Increase in Approvals
  • Decrease in Loss Rates
  • Instant Decisions
  • Operational Efficiency and Agility Enhancement
  • Placing big ticket items within reach for Personal Loans
  • Encouraging financial inclusion for SME Lenders
  • Making life’s important milestones affordable for Credit Cards

Who is Finbots.ai for?

  • Practitioners in Finance
  • Experts in AI and Tech
  • Finance Practitioners
  • AI experts
  • Tech experts
  • AI and Tech Experts

How to use Finbots.ai?

To use Finbots.ai, follow these steps:

  1. Build Rapid, Custom Scorecards:

    • Use the creditX solution to build and deploy accurate credit scorecards and decision rules effortlessly.
  2. Connect Your Data:

    • Integrate your internal, external, and alternate data with the platform for analysis and decision-making.
  3. Automatically Deploy Scorecards:

    • The system automatically builds, validates, and deploys your credit scorecards across various aspects like application, behavior, and collection.
  4. One-click Deployment:

    • Instantly deploy your custom scorecards with a single click, saving time and streamlining the process.
  5. Benefits:

    • Enjoy the highest accuracy in the market, powered by robust AI/ML algorithms for quick, fully automated decision-making.
    • Achieve the fastest time-to-value with rapid scorecard building in just hours.
    • Ensure compliance with regulatory requirements on data privacy and security with Fair, Transparent, and Explainable AI technology.

Finbots.ai's team, composed of experts in finance, AI, and technology, is committed to developing cutting-edge fintech solutions globally.

By following these steps, users can leverage the power of Finbots.ai's creditX solution to enhance credit risk management and operational efficiency effortlessly.

Pros
  • Reduced Operating Costs: Over 50% cut in operating costs.
  • Instant Decisions: Decision time of less than 0.03 seconds
  • More Efficiency: Over 50% reduced operating costs
  • Fastest Time-to-Value for Lenders
  • Affordably priced for banks & start-up lenders
  • Compliance & Regulation Proof: Meets all regulatory & compliance requirements on data privacy, hosting & security
  • Increased Approvals: Over 20% increase in approval rates.
  • Decreased Loss Rates: More than 15% decrease in loss rates.
  • Instant Decision-Making: Decision time of less than 1 second.
  • Less Risk: More than 15% decrease in loss rates
  • Trusted Partnerships: Used by key financial players worldwide.
  • Build scorecards in hours
  • Compliance & Regulation Proof
  • Built with Fair, Transparent and Explainable AI
  • Enables swift deployment of custom credit scorecards
Cons
  • No specific cons or missing features mentioned in the documents.

Finbots.ai Pricing and plans

Paid plans start at $Affordably priced for banks & start-up lenders/month and include:

  • Increased Approvals
  • Decreased Loss Rates
  • Instant Decision-Making
  • Reduced Operating Costs
  • Trusted Partnerships

Finbots.ai FAQs

What type of data can be connected with finbots.ai's CreditX platform?
CreditX integrates with internal, external, and alternate data sources.
How does deployment of credit scorecards work in finbots.ai's CreditX?
Finbots.ai's CreditX allows for one-click deployment of custom scorecards, with applications in retail and SME lending.
Does finbots.ai's CreditX use AI/ML algorithms for credit scoring?
Yes, creditX leverages powerful AI/ML algorithms, providing high accuracy and allowing more approvals with less risk.
Has finbots.ai's CreditX been recognized for its AI governance?
CreditX completed AI Verify, an AI Governance Testing Framework launched by the Singapore Government.
Who are some of the clients that trust finbots.ai's CreditX?
Finbots.ai is trusted globally by many clients, including EDOMx in Nairobi, Sathapana Bank in Cambodia, and Baiduri Bank.

Get started with Finbots.ai

Finbots.ai reviews

How would you rate Finbots.ai?
What’s your thought?
Be the first to review this tool.

No reviews found!

Finbots.ai alternatives

Finpal collects and analyzes m...

The SaberTrade Browser Extensi...

Intellectia.AI enhances invest...

FinanceGPT Chat creates custom...

Composer automates trading wit...