Unveiling Agentic AI: The Future of Digital Lending
Biz2X has partnered with AWS to introduce Agentic AI, an advanced digital lending solution for banks and fintechs. Built on Amazon Bedrock, this AI-driven platform aims to streamline SME lending, reduce errors, and bridge the credit gap using multilingual capabilities. It represents a significant step forward in AI-powered financial services.
- Country:
- India
Biz2X, a global leader in SaaS digital-lending platforms, has joined forces with Amazon Web Services (AWS) to unveil Agentic AI, an innovative digital lending solution. This new tool is specifically tailored for banks, non-banking financial companies (NBFCs), and fintech lenders, boasting multilingual capabilities to enhance the lending process.
Leveraging the power of Amazon Bedrock, Agentic AI is poised to revolutionize financial institutions by facilitating smarter, faster, and more inclusive credit assessments. Biz2X projects that this technology could help disburse loans totaling over INR 8,500 crore within two years. Furthermore, a substantial financial commitment of INR 100 crore will be invested in AI advancements over the upcoming period.
Through integration with AWS's secure cloud infrastructure and AI expertise, Agentic AI promises to transform the landscape of SME lending. The technology is expected to slash loan approval times by up to 50% and boost lending volumes by 30%, offering an essential solution to bridge the MSME sector's significant credit gap, both in India and emerging markets.
(With inputs from agencies.)
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