This artificial intelligence, Finbots, enables transforming credit risk management by simplifying and accelerating the creation of credit scorecards. With high precision, creditX from Finbots offers instant decisions in under 0.03 seconds and increases approvals while reducing loss rates. Thanks to a no-code interface, users can build scorecards in one day. The tool is perfect for banks, retail lenders and SMEs, ensuring easy regulatory compliance. Its powerful AI algorithm optimizes ingestion, data processing, and deployment, making workflows more efficient. Finbots frees businesses from excessive operational burdens, reducing operational costs by more than 50%, thereby making credit services more affordable and accessible.
With the ability to provide instant decisions in under 0.03 seconds, this tool significantly enhances the performance of financial institutions in credit risk management. By adopting an AI-based approach, the tool helps to make credit decisions more precise and fast, thereby enabling an efficient work process and substantially reducing the non-performing loan rate.
The platform enables users to build scorecards in just one day, without requiring coding skills. This simplifies and speeds up the work process while maintaining high accuracy in risk assessment. This feature is ideal for banks and lenders seeking to improve their operational efficiency while minimizing financial risks.
The tool strictly adheres to data protection, hosting, and security compliance and regulatory standards. This approach ensures not only the security of internal and external data but also strengthens user trust by ensuring that credit risk management is conducted within a legally compliant and transparent framework.