Lenders lap-up AI to break language barriers, slash lending timelines

▤ Summary

Banks and NBFCs in India are adopting AI as a core infrastructure layer to slash secured lending timelines and reduce administrative delays. FinBox has deployed its Atlas platform across five financial institutions, offering modules for credit appraisal, real-time fraud detection, and institutional configuration while ensuring data confidentiality. The platform removes traditional English form barriers by enabling conversational onboarding via chat, voice, and video in native dialects, translating informal inputs into structured decision-ready files. Lenders expect AI-driven infrastructure and in-journey fraud monitoring to accelerate origination and become a primary revenue catalyst through FY27.

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