InPrime Finserv Selects Scienaptic AI Credit BRE Platform for Enhanced Credit Decisioning

InPrime Finserv Selects Scienaptic AI Credit BRE Platform for Enhanced Credit Decisioning

Scienaptic AI, a leading global AI-powered credit decisioning platform provider, today announced that InPrime Finserv, has chosen its AI-powered platform to enable sharper credit decisions through Scienaptic’s AI models and execute on credit decisioning policies on the platform’s in-built Credit Rule Engine (BRE).

InPrime Finserv, a PSL (Priority Sector Lending) lender, is focused on providing essential financial services to India’s emerging middle class, particularly within the informal economy. Targeting around 50 million households with an annual credit need of Rs. 5 Lakh Crores, InPrime aims to support this segment by offering customized financial products tailored to their evolving needs. Combining traditional lending methods with digital innovation, InPrime emphasizes customer-centric solutions, swift turnaround times, and comprehensive risk management, while promoting financial empowerment through digital literacy programs. Scienaptic’s platform will enable InPrime to seamlessly read and integrate bureau and Account Aggregator data, execute its credit decisioning policies, and leverage AI models for bureau and Account Aggregator scores.

“At the heart of our mission is the financial upliftment of India’s emerging middle class. This is more than just providing credit; it’s about empowering millions of hardworking families with the tools they need to grow and thrive. Our partnership with Scienaptic AI marks a significant step forward in our journey,” said Rajat Singh, CEO of InPrime Finserv. “The platform will bring in capabilities to pull credit bureau reports and incorporate Account Aggregator data instantly, run that data through AI models, and deliver full-fledged real time credit decisions including loan limit assignments, and detailed policy reasons. This will enhance our ability to provide more accurate and timely credit decisions, ultimately improving credit access and customer experience while minimizing risk.”

“At InPrime, we are thrilled to partner with Scienaptic, as we see a shared vision and alignment in leveraging synergies that empower us to fully harness the power of machine learning and AI. With Scienaptic AI, we are deploying advanced behavioral models that deliver deeper insights into customer behavior, enabling us to drive more intelligent and personalized financial solutions,” added Sneh Thakur, Co-founder, InPrime Finserv.

“We are excited that InPrime Finserv has chosen us to support their mission of financial upliftment,” said Joydip Gupta, Head of APAC at Scienaptic. “Through our platform, InPrime can seamlessly integrate application details, credit bureau data, and Account Aggregator insights via API. Our AI models will process this data in real time, delivering precise credit decisions, loan limits, and policy recommendations. Our inbuilt Business Rule Engine (BRE) will remove the friction points in the underwriting process to enable fast and flexible loans via a fully digital process. These advanced capabilities will empower InPrime to make faster, data-driven decisions, drive financial inclusion, and bring responsible and timely credit to millions of emerging middle-class households across India.”

About Scienaptic AI

Founded in 2014, Scienaptic AI was built with a mission to drive financial inclusion at scale through AI-driven credit decisioning. The platform encapsulates a decade of technological innovations, integrating more data into decision-making processes, utilizing advanced machine learning algorithms, and supplementing them with rigorous risk and fair lending monitoring processes.

Used by India’s largest microfinance institutions (MFIs), leading non-banking financial companies (NBFCs), prominent fintechs, and major banks, Scienaptic processes over Rs85,000 crore in loan decisions every quarter. This enables millions of underserved individuals with limited or no credit history to access personal loans, credit cards, vehicle loans, MSME loans, and MFI loans.

Scienaptic’s credit BRE platform puts robust underwriting capabilities at the fingertips of in-house underwriting teams. Today, more than 145 lenders rely on Scienaptic’s platform to enhance the accuracy and efficiency of their underwriting.

For more information, visit www.scienaptic.ai

Fusion Energy Innovation and Product Launch

Fusion Energy Innovation and Product Launch

Kronos Fusion Energy Unveils Groundbreaking Fusion Products and Industry-Wide Capabilities

Washington, D.C., September 25, 2024 – Kronos Fusion Energy, a global leader in aneutronic fusion technology, today unveiled its groundbreaking suite of five fusion energy products, designed to revolutionize the energy industry. These innovations will drive the production of over 100 fusion energy generators annually starting in 2035. Each product in the lineup addresses key energy demands across diverse industries, providing safe, scalable, and clean energy solutions powered by fusion.

Kronos Fusion Energy’s suite of five advanced products are designed to serve a diverse range of industries, each optimized for efficiency, scalability, and rapid deployment:

  1. StarCore Power Module – A compact space power module engineered for off-world and deep space applications. It provides reliable, clean energy for long-term space missions and satellite power.
  2. Voyager Power System – A maritime and remote power system designed to deliver clean, sustainable energy to ships, offshore platforms, and remote locations where traditional infrastructure is not feasible.
  3. MetroVolt Grid Engine – An urban grid power station optimized for city-scale energy grids, providing clean fusion energy to meet the growing electricity demands of densely populated urban centers.
  4. Inferno-X High-Temp Reactor – An advanced high-temperature process generator designed for industrial applications that require extreme heat, such as steel, cement, and liquid fuel production.
  5. Aegis Modular Generator – A modular, scalable aneutronic fusion generator designed for direct energy conversion, enabling rapid deployment across a range of commercial and industrial settings.

Building Capabilities for the Entire Industry

Kronos Fusion Energy is not just building these capabilities for its own energy projects but is also prepared to cater to the four major fusion energy concepts that have been proven viable. These include:

  1. Magnetic Confinement Fusion (e.g., tokamaks and stellarators)
  2. Inertial Confinement Fusion (e.g., laser-driven fusion)
  3. Field-Reversed Configuration (FRC) Fusion
  4. Direct Energy Conversion-Based Fusion

By developing capabilities that serve all four major approaches, Kronos Fusion Energy positions itself as a central player in the global fusion energy industry, ensuring it can support the commercialization of multiple fusion technologies as the market evolves.

Direct Energy Conversion & AI-Driven Optimization

One of the most innovative aspects of Kronos Fusion Energy’s technology is its Direct Energy Conversion (DEC) system, which bypasses traditional steam turbines to convert fusion-generated energy directly into electricity. This innovation simplifies the entire energy generation process, significantly reducing operational costs and improving overall efficiency. DEC, combined with artificial intelligence (AI) and machine learning (ML) algorithms, continuously optimizes the performance of each reactor, adjusting plasma confinement, fuel input, and energy output in real time.

These AI-driven systems ensure that Kronos Fusion Energy’s reactors achieve maximum efficiency while minimizing waste, positioning the company at the forefront of AI-integrated energy systems. The use of AI also enhances operational safety, as the system can predict and prevent potential issues, further reducing risks.

“We’ve designed a streamlined production process that cuts the time from design to installation down to just 3-4 years,” said Priyanca Iyengar Ford, Founder & Executive Board Member. “With our proprietary technology and integrated AI, we can deliver clean energy faster, more affordably, and at a lower operational cost than ever before, accelerating the global transition to zero-emissions power.”

Global Workforce and Immediate Deployment Capability

Kronos Fusion Energy’s production and deployment capabilities are supported by an extensive global network of more than 20,000 engineers and 800 scientists, with an additional workforce of 40,000 professionals available in India alone. This deep bench of expertise ensures that Kronos Fusion Energy can scale production rapidly and meet global energy demands efficiently.

By establishing key partnerships in India, Kronos is leveraging the country’s vast technical expertise, manufacturing infrastructure, and skilled workforce to facilitate the rapid rollout of fusion energy technologies. This collaboration not only accelerates the deployment timeline but also reinforces India’s growing role in global energy innovation and sustainability.

Fusion Energy: A Key Opportunity for Investors

As the world increasingly turns to sustainable energy solutions, fusion energy represents one of the most significant investment opportunities of the 21st century. Fusion energy is one of the few industries where investors can potentially see 100x, if not 1000x, returns on their investments. Kronos Fusion Energy’s technology stands at the intersection of clean energy, advanced AI integration, and scalable industrial applications, making it a highly attractive sector for investors looking to be part of the next major technological breakthrough.

For media inquiries or more information, please contact:

Andrea Romero
Tel: 213-985-7898
Email: andrea@sakuramarketingfirm.com
https://sakuramarketingfirm.com/

About Kronos Fusion Energy
Kronos Fusion Energy is pioneering aneutronic fusion energy technology, offering clean, limitless power for industrial, urban, and remote applications. With a focus on modular, scalable solutions and cutting-edge AI integration, Kronos Fusion Energy is driving the global commercialization of fusion energy systems. For more information, visit kronosfusionenergy.com.