Finbots AI Solutions Pte Ltd

Finbots.AI's founders bring together their global experience in financial services & technology to develop innovative solutions that overcome complex challenges facing financial services.

Recognized among “Top 10 FinTechs in Singapore” at the MAS FinTech Awards 2020.

PROBLEM STATEMENT

IFC estimates a shortfall of US$ 5.2 trillion in meeting the financing needs to MSMEs in Developing Countries - US$ 2.4 trillion in the East Asia & Pacific Region.

Across markets, Individuals and MSMEs (Micro, Small & Medium Enterprises) face a number of constraints to growth, including access to finance. While access to credit is almost always a challenge for them, the difficulties are often intensified by various factors, including the inability of lenders to correctly determine their creditworthiness, thereby leaving a large pool of underserved borrowers.

The result – lower revenues & high cost of risk for lenders, and a large underserved market of financially excluded borrowers.

SOLUTION : ZSCORE [AI-powered credit scorecard system]

A full-scale system spanning customer credit life cycle - Application, Behaviour & Collections - with an advanced design that helps FIs achieve :

1. High performance credit scorecards
2. Rapid scorecard development within hours
3. Access to sophisticated capabilities that only large FIs can traditionally afford.

Other key functionalities :

1. Explainable AI (XAI)
2. Bureau & Non-Bureau (thin-file) models
3. Automatic counteroffers for rejected profiles