Increase approval rates by 25%
Our AI and ML-driven underwriting suite leverages alternative data to generate a FinBox Inclusion Score (FIS) tested on the largest new-to-credit (NTC) customer base in India
Reduce delinquency rates by 30%
DeviceConnect enables real-time data monitoring so lenders can be alerted of the red flags immediately
Increase borrower pool
Cover 92% of digitally acquired customers, as opposed to the credit bureau coverage of just 50%
Serving1Mborrowers/ month
Partnering with25lenders
Onboarding6LNTC customers/month
high-precision lending decisions
Risk assessment based on credit performance in the last 30 days
Alternative credit scoring with behavioural and cash flow-based data
Analysis of income and salary credit dates to recommend optimal EMI date for higher E-NACH success rates
and optimize lending end-to-end.
Eliminate fraud at the outset to lower interest rates for everyone
Cut operational costs by 50% through process automation
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Integrate seamlessly with existing lender decision systems
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Improve funnel by 40%
Built in alignment with DEPA (Data Empowerment and Protection Architecture)
Data remains secure and encrypted at rest and in motion
Users have control over their data at all times
FinBox’s proven artificial intelligence and machine learning-powered underwriting capability enables us to extend credit even to MSMEs with thin-to-no credit history. We are launching multiple new-age credit products for the retailer and MSME space through the FinBox Embedded Finance Platform.
Sanjeev Srivastava
Chief Risk Officer,
IIFL
The credit risk model and the full suit of technology that the finbox offer to us is enabling HCIN to serve much wider range of customer which without this support won’t be able to get the loan granted
Ondrej Chochola
Chief Data Officer,
Homecredit India