Embed smart, ethical, and explainable lending decisions in real time.
Empower your customers to make informed choices faster, improving the quality of their loan book while safely lending to more borrowers. Finexos’ Active Affordability engine looks past creditworthiness, and identifies the borrowers with the highest propensity to repay by analysing behavioural patterns and trends over time.
Bring the power of advanced AI decision processing to your clients with the Finexos Active Affordability solution.
Enable smarter lending decisions that increase approval rates and reduce defaults – all from within your platform, without years of development. Specifically designed to support leading Loan Management Software providers, this integration empowers the financial institutions your business serves to deliver superior results, optimise operations, and enhance client experiences.
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.
Active Affordability Assessments: Integrating dynamic data beyond static credit scores, such as spending patterns and income variability, more accurately assesses affordability to reduce the risk of over-indebtedness.
Bias elimination: Using no PII anonymises the decisioning process, removing customer traits that have traditionally led to potential bias and the risk of algorithmic bias.
Increased borrower conversion rates: Proprietary machine learning algorithms enhance credit underwriting by providing more accurate risk assessments, leading to improved approval rates, risk metrics, capital usage with reduced default risks.
Reduced costs: Automation of manual processes reduces the loan processing costs involved in credit decisioning. Faster, better-informed decisions reduce the overall cost at point of origination and improve portfolio management over the lifecycle of a loan.
Deeper data insights: Advanced real-time data analytics unlocks insights into loan performance, borrower behaviour, and portfolio health, facilitating informed decision-making. Accurately price loan books, or segments of loan books with predictive models.
Tailored optimisation: Models are automatically optimised for each lender meaning your clients always receive superior results optimised loan portfolios, increased profitability and improved ongoing risk management.
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.
We’ve made it simple to harness the power of AI and avoid years of costly data science work with a cutting-edge platform that outperforms existing models:
Seamless integration: The low code solution embeds effortlessly into your existing Loan Management System without disrupting your or your clients’ current operations.
Scalable and flexible: New business lines and products can be set up easily. The tool’s modular design scales flexibly with the growth of your clients’ businesses to accommodate increasing data volumes and user demands.
Explainable decisions: Models are supervised at each stage with all decisions tracked back to the model deployed at the point of origination and easily reportable.
Enhanced compliance: Auto machine learning updates coupled with full explainability and model governance makes compliance easy, built from the ground up with Consumer Duty and the EUCCD2 in mind. Governance is at the core of the solution.
Robust security: Finexos has achieved ISO27001 certification ensuring robust security protocols are in place to protect sensitive financial data.
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.
Finexos was founded with the aim of improving financial inclusion and helping lenders better safeguard consumers and themselves by making more informed lending decisions.
We are a diverse team of finance innovators, AI specialists and scientists, helping to continuously train and enhance our AI consumer lending software. We believe that it’s possible to improve the world of credit for lenders and borrowers simultaneously.
Our cutting-edge solutions have won us a slew of awards and nominations, including Innovative Finance’s Fairer Finance Hackathon and the Most Innovative Credit Repair Solution Provider UK, from Wealth and Finance International.
Please reach out to our experienced team for specific questions on any of our solutions or use cases.
I’m interested in consumer lending software. How can I contact you?
To learn more about our UK loan management system, just contact our team via our contact page or by emailing enquire@finexos.io. We’d also love to hear from you if you’re interested in an enterprise partnership or reselling Finexos products.
How does Finexos’ approach differ from our competitors?
Many of our competitors rely on traditional, rigid methods of credit assessment. At Finexos, we understand that financial health isn’t rigid. We use the game-changing power of AI to make comprehensive, fluid assessments of people’s ability to repay credit, helping lenders reduce default rates and protecting borrowers from entering into problem debt.
What is the difference between affordability and capability?
Affordability is a measure of the ability of a borrower to meet the repayment terms of a credit product based on their cash position on an ongoing basis. Creditworthiness is a more narrow view of the suitability of the product at a single point in time, taking into account isolated factors that affect repayment ability
Does Finexos provide consumer financial transaction data?
No. Finexos is a data intelligence provider that analyses transaction data provided by our customers. Finexos is able to integrate with all Open Banking providers and take data in heterogeneous formats. We do not provide data, only analyse it.
Does Finexos share personal borrower related data?
Finexos does not hold or store any Personally Identifiable Information (PII) data belonging to loan applicants. We have completely anonymised the process to negate the effects of unwanted bias.
Has Finexos won any awards?
Yes, we have won Innovate Finance’s Fairer Finance Hackathon, were a finalist in Open Finance’s Global Appathon, and were voted Most Innovative Credit Repair Solution Provider UK by Wealth and Finance International.
What is the difference between commercial lending and consumer lending?
Commercial lending is credit provided to businesses and commercial interests, whereas consumer lending is products such as personal loans and credit cards designed for individuals.
What are the 5 Cs of commercial lending?
The five Cs of commercial lending are: