Digilytics AI’s Post

Interesting take on how AI is reshaping the lending landscape.

Watch Jane Prokop, EVP and Global Head, Small and Medium Enterprises, Mastercard, discuss the role of AI and other technologies impacting small businesses and small business lending in this short clip from our recent webinar on 'Fair and Accessible Credit for Small Business andthe Impact of AI'. #SmallBusinesssLending #AIinSmallBusiness https://lnkd.in/gU6NEKxE

When #AI meets #privatecredit ... Growth 💹 in the asset class and current trends around artificial intelligence💻 are leading to a powerful combination, as explains this article by Forbes : - big players in the field are getting bigger🔥 meanwhile #banks start to reenter the space - #underwriting and #operations of private debt is #laborintensive⚒️ and nearly identical for big and small deals - smaller deals have to be more numerous, but won't benefit from #scaleeconomies 🪜, and therefore risk being overlooked 👀 - enter AI 💥 and its abilities to #scale the unscalable 🚀, tackling the analysis of #financial information, credit #modeling and assistance in #underwriting the deals - AI could accelerate the market share growth 📈 of #megafunds in the space, leaving behind #traditionalbanks 🏦 as funds will be taking advantage in the lower #middlemarket segments - AI will enable the #newnormal for deal timelines to shorten from months to weeks🚅 and the creation of #marketplace🏪 infrastructure as a more and more common place to find #dealflow Check out 👇 the article and share your thoughts💡 in comments !

Watch Jane Prokop, EVP and Global Head, Small and Medium Enterprises, Mastercard, discuss the role of AI and other technologies impacting small businesses and small business lending in this short clip from our recent webinar on 'Fair and Accessible Credit for Small Business and the Impact of AI'. #SmallBusinesssLending #AIinSmallBusiness https://lnkd.in/gt8rkpKU

🔰AI Revolutionizes Term Loans: A New Era of Financial Accessibility 🔰AI is reshaping the financial landscape, particularly in the realm of term loans. By leveraging advanced algorithms and machine learning, AI-powered platforms can streamline the loan application and approval process, making it faster and more efficient for small businesses. 🔰How AI is Transforming Term Loans: Accelerated Approval Process: AI can analyze vast amounts of financial data in real-time, enabling lenders to make quick and informed decisions. 🔰Enhanced Risk Assessment: AI algorithms can accurately assess creditworthiness, reducing the risk of default and enabling lenders to offer more favorable terms. 🔰Personalized Loan Offers: By understanding each business's unique needs, AI can tailor loan offers to fit specific requirements, providing customized solutions. 🔰Ready to Unlock Your Business's Potential? If you're a small business owner seeking a flexible and affordable financing solution, consider a term loan. With AI-driven technology, you can access the capital you need to fuel growth and achieve your business goals. Contact AI Funding today to learn more about how our innovative solutions can benefit your business. Get Funding Offers ✈ai-funding.ai #AIFunding #TermLoans #SmallBusiness #FinancialSolutions #AIInnovation #BusinessGrowth #LoanApproval #CreditWorthiness #PersonalizedFinance #FutureofFinance

AL AND MACHINE LEARNING IN FINANCE: OPPORTUNITIES AND CHALLENGES To know more: https://lnkd.in/dZWVtt_h #innovation #EthicsandAI #bestbusinessloan #FinancialGrowth #financialfreedom #financialyear2024 #fianance #loanonline #businessloan #personalloans #LAP #homeloans #callustoday #mudrahome #FinancialServices #insurance #BalanceTransfer #businessgrowth #businesstips #Entrepreneurship #financegoals

Coming soon for MSMEs: Sachet size loans based on GST data, AI/ML tools to understand credit ranking

In the dynamic realm of finance, AI is reshaping the traditional approach to credit scoring, heralding a new era in lending practices. Through sophisticated algorithms and data analytics, AI-powered credit scoring systems are fundamentally transforming the way financial institutions evaluate creditworthiness, ushering in a wave of innovation and efficiency in the lending industry. 𝐊𝐞𝐲 𝐀𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞𝐬: • 𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐝 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲: AI algorithms analyze diverse data points, including non-traditional sources like transactional data and social media activity, for a comprehensive assessment of creditworthiness. This enables lenders to make more precise lending decisions, reducing defaults and enhancing portfolio performance. • 𝐒𝐩𝐞𝐞𝐝 𝐚𝐧𝐝 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲: AI-driven credit scoring accelerates lending by automating tasks and streamlining decision-making. With AI, loan applications can be processed and approved much faster than traditional methods, providing borrowers with rapid access to funds. • 𝐈𝐧𝐜𝐥𝐮𝐬𝐢𝐯𝐢𝐭𝐲: Leveraging AI, lenders can offer credit to a wider range of borrowers, including those with limited credit histories or unconventional financial profiles. AI algorithms identify predictive indicators and patterns in data, often missed by traditional models, fostering financial inclusion and broadening credit access. The advent of AI-powered credit scoring represents a fundamental transformation in the lending landscape, marked by increased accuracy, efficiency, and inclusivity. As financial institutions embrace AI technology, borrowers stand to benefit from faster loan approvals, fairer assessments, and greater access to capital. With continued innovation and refinement, AI-powered credit scoring holds the potential to revolutionize lending practices and foster a more equitable financial ecosystem. #businessdevelopment #softwaredevelopment #fintech #BFSI #siteclick

Use of new technologies, including AI, is transforming the way banks and fintechs provide finance to SMEs. This CXOToday article, authored by Ashish Nayyar, Co-head, India, explores how the integration of AI into SME lending decisions can enhance accuracy of overall risk assessment and expedite loan approval process. The article further emphasizes the role of AI in automating the conventional manual underwriting process and rapidly analyzing vast datasets to anticipate potential risks and opportunities, particularly benefiting SMEs with significant digital footprints but limited credit histories.”   #artificialintelligence #aiinlending #smelending #smefinance #creditscore #creditriskassessment #alternativedata #creditintelligence #oaknorth #oaknorthinindia #lending #creditworthiness #creditaccess https://lnkd.in/gHvMJ7zj

Did you know AI is reviewing your application to see if you are Bankable before a human ever sees your information ⁉️ For a business to be considered "bankable," it generally means that it is perceived as a viable candidate for obtaining financing from banks or financial institutions. Here are the key characteristics that contribute to a business being deemed bankable: ✅ Strong Financial Health: The business should have a solid financial standing, evidenced by positive cash flow, healthy profit margins, and low levels of debt. Lenders often review financial statements such as balance sheets and income statements to assess this. ✅ Good Credit History: A strong credit history, including timely payments and low credit utilization, is essential. Both the business's credit score and the personal credit scores of business owners may be evaluated. ✅     Regulatory Compliance: Being compliant with all local, state, and federal regulations is crucial, as this indicates that the business operates legally and responsibly. In summary, being bankable means that a business has established itself as a reliable candidate for obtaining loans or credit, demonstrating its ability to pay back borrowed funds while managing risks effectively.