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- Client : Banks
- Category : Ai & ML
- Date : 29/06/2019
Challenge
verify and issue loans while reducing the average time taken by a financial institution to make a credit decision from 3-7 days, reduce the hassle of going through lengthy paperwork and visiting banks.
Approach
To make this happen we verify the user’s existence, the source of income, credit score etc. We had to also figure out a way to analyze their social media presence as to understand their personality and popularity among the community which can also contribute to give a hint about the borrowers lifestyle and spending patterns.
Results
Lower the cost of loan application processing. Quicker Decisions. Organize the documents in single view.