Rupee112 Goes Live With Scienaptic's AI-powered Credit Underwriting Platform

BANGALORE, India - April 29, 2024 - PRLog -- Leading global AI-powered credit underwriting platform provider Scienaptic AI announced today that Rupee112 has completed implementation and is live on its platform. This deployment is enabling faster and augmented loan decisioning process fostering quicker access to credit for underserved individuals during emergencies.

DEV-AASHISH CAPITALS PRIVATE LIMITED is a Non Banking Finance Company (NBFC) registered with the Reserve Bank of India (RBI). The company's brand RUPEE112 serves a variety of financial products to meet customers' instant financial needs. The company's mission is to empower financial resilience through innovative emergency financing solutions using cutting-edge technology. Rupee112 has deployed Scienaptic's Account Aggregator solution to augment its decisioning, risk analysis, and income imputation.

"At Rupee112 we are redefining access to credit by offering quick solutions for unforeseen challenges. We know that emergencies demand quick and personalized action and our cutting-edge technology is helping us become a trusted emergency loan provider for the underserved," said Rishi Kapoor, Board Advisor at Rupee112. "By implementing Scienaptic's AI platform, we're elevating our commitment to technological excellence. The platform is empowering us to access AA data in real-time bringing more speed, efficiency, and precision to our lending decisions."

Correspondingly, Joydip Gupta, APAC Head of Scienaptic, said, "We are very pleased to deploy our Account Aggregator solution for Rupee112 to support the changing emergency financing needs in India. The data pull is done digitally in a frictionless manner so the turnaround time for underwriting is much lower compared to traditional ways of loan assessment enabling speed to market, greater automation, and better decisions."

About Scienaptic AI

Scienaptic AI's mission is to increase credit availability across the globe by transforming the technology used in credit decisioning. Banks, NBFCs, MFI, and fintech, use Scienaptic's AI native credit decisioning platform to continually improve the quality and speed of their underwriting decisions.

The platform enables FIs to reach more borrowers, including underbanked and underserved individuals, and say "yes" more often without increasing risk. It democratizes automated AI-powered lending while addressing all regulatory requirements, including Fair Lending and explainable adverse actions.

Scienaptic-enabled lenders have processed more than 300 million transactions, benefitting millions of borrowers. For more information, visit https://www.scienaptic.ai