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

Savensa: The Pan-India Company That Has Made The Process of Getting a Personal Loan Simple

Savensa: The Pan-India Company That Has Made The Process of Getting a Personal Loan Simple

Today, one comes across a large number of companies in India offering personal loans to individuals. While some of these are Indian organizations, many of them are foreign companies that have also happened to set up base in India. While every company attracts customers through different services and offers, none of them had really managed to make the process of applying and getting a personal loan easier or convenient for people. That’s where Savensa entered the scene and changed the game.

Founded by the visionary entrepreneur Anil Kumar M, Savensa was launched as a finance company that would not only offer personal loans to customers but would also guide them during the process and ensure they do not face any hurdles while applying for or securing a personal loan. Building a direct connection with the customers by offering such services has made Savensa a unique and high-value brand in the personal loan offering space.

Elaborating on the same, founder and managing director Anil Kumar M says, “Many a times, people in our country need a personal loan but do not apply for one because of all the hassles involved in the process. Our company was built on the idea and objective of making personal loans accessible for everybody. On behalf of our customers, we take complete charge and responsibility of the loan application process and ensure that it is processed quickly and the amount is delivered to them in a smooth and transparent manner.”

As a company, Savensa has always worked towards getting an understanding of the issues faced by customers and resolving them in the best possible manner. Another factor that has helped the company grow and strike a chord with people across India is the fact that it operates as an organization that offers end-to-end digital services. This not only eliminates the possibility of errors and other issues, it also assures the customers of using a safe and reliable platform. Any salaried individual working in government, private limited or public limited employees can apply for a loan through Savensa if they get a minimum salary of Rs. 25,000 every month.

“Finance and technology are closely interlinked with each other. We not only have embraced technology but also ensure that we adapt to the constantly changing technological landscape. From using high-end software to implementing the most updated technological methods, we ensure that our digital infrastructure is strong and remains effective at all times. While we use today’s technology, we also make sure that none of our customers face any kind of difficulty while using or understanding it”, says Anil Kumar M.

Savensa has the kind of infrastructure and technology that makes it possible for its customers to go through different options while looking for a personal loan. They can check the services and offers provided by different financial institutions and then, make a well-informed decision after analysing everything thoroughly. The best part is that Savensa ensures that people do not go through any complications or confusion during this process and arrive at a decision quickly after weighing all the pros and cons.

For more information, visit www.savensa.co.in