AI-Powered Credit Underwriting for Faster, Accurate Decisions

Perfios CreditAssist leverages AI to streamline credit underwriting by automating financial analysis, fraud detection, regulatory compliance checks, and policy checks for faster, accurate decisions.

How Perfios CreditAssist Works

Data Ingestion and Analysis

Aggregates data from financial documents and 750+ alternative sources like company profiles, litigation data, and compliance alerts.

360* Cross-Analysis

Cross-analyses financial metrics across bank data, GST, ITR, MCA, Bureau, EPFO, and financial statements for unified, accurate assessments

Al-Powered Insights

Utilises trained LLMs to generate precise, application-specific insights.

Automated Policy Checks

Applies pre-set policies to flag compliance breaches.

Real-Time Responses

Provides accurate, context-specific responses to underwriting queries instantly

Key Features

AI-Powered Query Assistance

Real-time answers to underwriters’ queries using NLP through an interactive 2-way dialogue.

Smart Query Prompts

Suggests follow-up questions to enhance decision accuracy.

Data Integrity Guardrails

Prevents hallucinations with built-in data safeguards, keeping AI responses accurate and application-specific

Multi-Document Reconciliation

Cross-validates financial metrics from various sources for accuracy.

External Database Validation

Integrates alternate data and open data sources for enhanced assessment with additional cross-validation

Risk & Strength Indicators

Flags anomalies using transaction and external data analytics to identify key risk factors and strengths

Fraud Prevention

Detects discrepancies and fraudulent patterns through cross-analysis.

Regulatory Compliance

Ensures regulatory adherence by thoroughly analysing negative indicators in filing details

Benefits

Faster Decisions

Reduces decision-making time from hours to minutes with automated analysis and memo generation.

Automated Detailed Memo Generation

Generates detailed memos automatically for underwriters to review, reducing time and effort

Enhanced Fraud Detection

Detects discrepancies and fraudulent patterns through un-biased risk analysis, being aligned with policies.

Improved Compliance

Flags policy breaches automatically and suggests mitigation recommendations, ensuring adherence to regulatory standards

Underwriting Consistency

Centralized, policy-driven AI models enforce uniform underwriting standards, ensuring consistency and compliance