CreditX

About the application CreditX

CreditX is a powerful AI Credit Risk Platform developed by finbots.ai. It is designed to boost lending profits and reduce Non-Performing Loans (NPLs) by providing the highest accuracy credit scoring in the market.

Background and Development

Founded in Singapore, finbots.ai is a team of former C-Suites, data scientists, and technologists. They combine global domain knowledge in finance with deep technological expertise to develop accessible next-generation fintech solutions worldwide. CreditX is one of their successful creations, trusted by many, including Myanmar's largest privately-owned bank, KBZ Bank.

Core Features and Capabilities

CreditX uses powerful proprietary AI to build and deploy high accuracy credit scorecards and decision rules easily. It offers instant decisioning, fully automated, and has the fastest time-to-value for lenders. It is also compliance & regulation proof, meeting all regulatory & compliance requirements on data privacy, hosting & security.

User Experience

CreditX provides a no-code platform, allowing users to build scorecards in a day. It offers more than 20% increase in approvals, more than 15% decrease in loss rates, and more than 50% reduced operating cost.

Applications and Use Cases

CreditX is applicable for personal loans, SME lenders, and credit cards. It has made lending easier for its clients by placing big ticket items within reach, encouraging financial inclusion for businesses of all sorts and sizes, and making life's important milestones affordable.

Impact and Future Outlook

CreditX is amongst the first Fintech solutions globally to complete MAS Veritas and AI Verify, frameworks launched by the Singapore finance and technology regulators to objectively validate the quality and performance of AI solutions. It continues to make waves in the financial industry, partnering with Fintech Galaxy and EDOMx in Nairobi, Kenya.