AI model for Loan Eligibity checking system

AI model for Loan Eligibity checking system

Tech Stack

  • .Net core
  • jQuery
  • MySQL
  • Power BI
  • Python
  • ReactJs

About Client

The client, which has its headquarters in the Asia-Pacific area, caters to an underserved demographic that has a limited history of credit risk. The company has operations in more than 40 countries, provides its services to consumers in over 180 countries, and employs roughly 19,800 people across the globe. The customer also obtains additional services, such as microfinancing and business loans secured against real estate.

About Product

By integrating AI technology into its Credit platform, the fintech company plans to increase its footprint in additional areas in the near future. For the purpose of managing the credit platform, our team developed an ML-powered model on alternative data. These machine learning algorithms will determine the customer's eligibility depending on their credit score. Product was designed to facilitate an easier procedure to search instantaneously, compare results, and apply for jobs. The user can browse through several different possibilities and select the one that works best for them.
before

The Challenges

before-ring
Unique Chatbot Calculator:

The client wanted to combine calculator and chatbot capabilities in a single function.

Unique Chatbot Calculator:
Brainers implemented a chatbot with the help of chatterbot which is a python library. This innovative chatbot generates automatic responses for users. Additionally, the ML algorithm improves and evolves responses over time.

Solution

The Challenges

Unique Chatbot Calculator:
The client wanted to combine calculator and chatbot capabilities in a single function.

Brainers implemented a chatbot with the help of chatterbot which is a python library. This innovative chatbot generates automatic responses for users. Additionally, the ML algorithm improves and evolves responses over time.

Unique Chatbot Calculator:

Result

  • Faster Response Rate
    This made user interaction faster and seamless as end user can check the eligibility and get the response for raised queries on immediate basis.
  • Track Output Performance:
    It was difficult for the client to keep a tab on the output performance.
  • Accurate Segmentation of Customers
    Brainvire successfully categorized the customers based on transaction patterns over time intervals, past loan repayment behaviour, history, etc
  • Pattern Tracking of Customer:
    This made easier tracking system as using algorithm has helped the assessment of the loan applicant and keep a regular track on the dues of the applicant or previous behaviour.

Client Testimonials

Patricia Walters
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They help us coordinate the right skill sets, teams, and activities in order to get the job done. They transferred our platform assets, such as our servers, workstations, and databases, into their managed cloud services environment.
Patricia Walters
Founder and CEO - Creative LLC
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202 Reviews

They handle all their work with a personal touch, which encourages a continued long-term partnership. Their deliverable are reliable thanks to vigorous QA testing. I would recommend Brainvire to anyone.

Mike Luhtanen
Founder, Creative LLC
5
3 years ago
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