Poonawalla Fincorp has introduced an AI-based underwriting solution that will revolutionize its lending operations. The latest technology will speed up efficiency, accuracy, and risk evaluation in loan sanctioning, enabling quicker decision-making and better customer service. Artificial intelligence integration helps the company deal with enormous data sets, find correlations, and evaluate creditworthiness with never-before-seen accuracy.
Arvind Kapil, MD & CEO, Poonawalla Fincorp, highlighted the focus on using technology for operational excellence and customer-centric services. This move is part of the company's overall strategy to embrace digital solutions in all its operations, ensuring adherence to changing regulations while upholding high standards of governance.
As Poonawalla Fincorp continues to push the boundaries of innovation in the financial space, this AI-based approach makes it a trendsetter in contemporary lending practices.
Source: Fintech Bloom