Avail Finance Goes Live with Scienaptics Decisioning Engine to Power Credit Decisions
Summary
Avail Finance provides the blue-collared workforce with a neo banking platform that aims to include every credit-worthy individual under the financial umbrella. Using a hassle-free, quick and simplistic loan application structure, Avail Finance aims to identify credit-worthy individuals in the Indian population who are currently underserved by formalized lending institutions such as banks and NBFCs and provide them with credit line and instant cash products using an online app that enables access to credit in just a few moments. Considering these limitations, a platform like Scienaptic, which gives us the flexibility to integrate alternative data and change strategies rapidly, was a must,” said Tushar Mehndiratta, Co-Founder at Avail Finance. Using our platform, Avail can approve more borrowers, reduce losses, analyze portfolio performance at a granular level and react quickly to external changes. Our clients across banks, credit unions, fintech, and other lenders use the platform to constantly improve the quality of underwriting decisions.