Revolutionizing Credit Scoring: CARD91's AI-Powered UPI Solution
CARD91 has launched an AI-powered UPI Credit Scoring Engine to transform real-time transaction data into dynamic credit scores. This solution enables lenders to support thin-file and new-to-credit customers by improving approval rates and reducing default risks, while promoting financial inclusion.
- Country:
- India
CARD91, a prominent name in payment infrastructure, has unveiled its groundbreaking AI-driven UPI Credit Scoring Engine. This cutting-edge technology redefines credit risk assessment by utilizing real-time UPI transaction data to produce actionable and dynamic credit scores.
Aimed at transcending traditional credit assessments, this innovative solution equips banks, NBFCs, and fintech outfits to pre-approve customers who typically lack extensive credit histories, thereby boosting approval rates and limiting default hazards.
The tool leverages machine learning to generate behavioral scores by analyzing transaction patterns, offering lenders a nuanced understanding of creditworthiness. This advancement not only increases financial inclusivity but also enables institutions to expand their services responsibly and efficiently.
(With inputs from agencies.)
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