Speciality lenders deal with complex, unique circumstances in an industry where efficiency and data are key. At Finexos, we can help you leverage advanced AI to make more informed lending decisions faster. Discover how AI for speciality lenders works below, or book a free demonstration to see our tools in action.
Finexos is working with lenders across the financial sector to help them better manage risk and make financial products more accessible to wider audiences. Our AI for speciality lenders is built, refined, tested and trained to allow for the rapid analysis of vast amounts of applicant data. This gives a much more holistic view of risk and lending eligibility than traditional methods alone, in a fraction of the time.
With Finexos AI, speciality lenders can improve customer experiences, reduce default rates and increase efficiency.
Accurately assess repayment capability with our AI-powered affordability analysis.
Get a granular snapshot of the quality of your loan book in real time with our Portfolio Analysis.
Detect early signs of financial distress and potential default in real time with our ongoing monitoring solution.
Finexos’ AI for speciality lenders is tailored to provide a wide range of benefits, from greater efficiency to compliance made simple.
We understand the varied and often complex nature of speciality lending, and our AI is designed to be able to learn and adapt to new requirements, offering advancements regardless of circumstances.
Our analysis model provides a more accurate picture of affordability, ensuring SMEs can maintain their operations while repaying loans.
Transactional and real-time data can determine whether borrowers can maintain their quality of life while repaying loans.
Finexos has developed an end-to-end platform that enhances credit
decision-making across various financial lending sectors.
Up to
25%
Reduction in Default Rate
More inclusive lending, based on our financial capability metrics, unlocks entirely new markets whilst reducing overall risk exposure through the use of our advanced AI and behavioural analytics. Finexos enables lenders and credit decision engines to safely include more borrowers, even those with thin or no credit files and without the need for borrower PII or credit scores.
Finexos improves lending through a number of solutions:
With advanced AI for speciality lenders, we aim to help improve decisioning and profitability while making credit more accessible, delivering greater financial inclusion. We believe AI is a tool for good, for both lenders and borrowers, continuously adapting to changing needs and shielding everyone from uncertainty.
Finexos technology and sustainability-focused methodology provides a more robust assessment of a borrower’s ability to meet repayments, and to do so comfortably.
More accurate affordability assessments mean loans are granted more responsibly and sustainably.
When calculating affordability assessments, Finexos uses zero PII. By anonymising the process, the traits of a customer that have traditionally led to potential bias such as gender, race or postcode are eliminated.
Sustainability-focused affordability assessments are based on each applicant’s individual circumstances and behaviour to deliver more granular and accurate results.
Sustainable Affordability Assessments are embedded into existing decisioning workflows without disruption and do not require system overhauls.
At Endava, we are delighted to announce our partnership with Finexos, demonstrating our ongoing commitment to financial inclusion. This relationship authentically aligns with our core values, using technology and democratising access to financial instruments. Giving individuals and communities the ability to access fair, consistent next-gen real-time credit scoring. Empowering economic growth and stimulus.
Matthew Williamson
SVP & Industry Principal
The Finexos experience has been nothing short of outstanding. Their solution has not only improved our decision-making accuracy by a whopping 267% but has also allowed us to identify cost savings in our operations and save valuable balance sheet capital.
The actionable perspectives provided by Finexos have opened up new doors and revenue streams in our future plans, promising a significant and lasting impact on the trajectory of our organization. I cannot recommend Finexos highly enough.
Dan Ware
CEO
Open Banking is transforming the access to credit. Using some of the industry’s best technology, Finexos are leading the way and setting a high benchmark. An absolutely wonderful challenge for us all to step up to given the positive impact this will have on lender’s, borrower’s and society as a whole. Value driven and with a massive social conscience, the Finexos team are on a mission to unlock the huge wealth of possibilities for a fairer, more inclusive world. We’re proud to work alongside such an inspired team.
Helen Child
Founder & CEO
What can AI do for speciality lenders?
AI for speciality lenders can:
With specially trained AI models for speciality lenders, we enable a range of benefits for even the most unusual of circumstances.
Can AI be used for non-traditional credit scoring?
Absolutely. AI can be trained and developed to work with varying data sets, providing an accurate, rapid alternative to traditional credit scoring. This broader, more flexible approach is perfect for speciality lenders, where credit scoring can otherwise be complex and time-consuming.
How does AI improve loan processing for speciality lenders?
AI can improve loan processing for speciality lenders in a number of ways. Firstly, it can drastically reduce process times, shrinking backlogs and allowing for faster approval rates. This helps lenders take on more customers with reduced risk, while also improving customer experiences.
Secondly, AI allows for more accurate assessment of risk, meaning products can be better priced and default rates reduced, which again benefits both lender and borrower.
How does AI help speciality lenders manage risk?
AI for speciality lenders is designed to analyse very large amounts of data quickly. It allows lenders to consider a much broader range of factors, such as lender behaviour patterns, and spot risk factors often not detected during traditional credit checks. This means products can be more effectively priced according to risk, and borrowers can be protected from undue financial harm.
Ready to see what our AI for speciality lenders can do? Book a free demo today to see it in action. If you’d like to see how it can work for your business specifically, we can even take a sample of your data.To book your free demo, just fill out our interactive form or get in touch with our friendly team.
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