Finbots.AI is a fintech startup established in Singapore that offers sophisticated AI-based solutions to revolutionize credit risk modeling and decision-making. Based on their experience with the pain points of financial institutions, Finbots.AI created CreditX, a next-generation SaaS platform that is designed to enable lenders to maximize their credit risk strategies. CreditX enables financial institutions to rapidly build and deploy unlimited credit scorecards—application, behavior, and collection—at a flat rate, significantly compressing credit model time-to-market.

In its essence, CreditX marries heritage statistical modeling with optional AI and machine learning functionality, providing complete control to businesses over the entire credit risk modeling process. The platform includes offerings like the Quantum Model Builder, Parameter Control Panel, and AI-tuned data treatment, allowing users to transition from raw data to live credit models within a mere 10 days.

CreditX is unique in the sense that it enhances the quality of lending with sophisticated algorithms that boost approval rates while minimizing risks. Developed with Explainable AI, the platform is transparent in decision-making, which makes it appealing to various institutions ranging from traditional banks to fintech startups. By optimizing workflows, improving compliance, and providing high accuracy, CreditX is revolutionizing lenders' credit risk and customer relationship management.

Overview of FinbotsAI’s AI Scorecards

About CreditX

CreditX is an advanced SaaS platform that transforms credit risk modeling by enabling the rapid development and deployment of unlimited scorecards—application, behavior, and collection—under one flat fee. Built for efficiency and scalability, it combines traditional statistical modeling with optional AI/ML features, giving users full control over model design and execution. With capabilities such as the Quantum Model Builder, Parameter Control Panel, and smart data treatment functionality, users can transition from raw data to live credit models within 10 days. CreditX also promotes transparency, regulatory compliance, and security, making it the best fit for today's high-volume credit risk teams.

Application Scorecards

CreditX's Application Scorecards provide an advanced AI-powered solution that is intended to maximize lending decisions through enhanced accuracy and risk management. Through the use of sophisticated AI algorithms, CreditX improves GINI scores by a minimum of 20 points, allowing lenders to approve applications without incurring added risk. This maximizes approval levels while retaining sound credit risk management principles.

The platform's greatest strength is its velocity. Having models created in minutes instead of months, financial institutions can provide quicker loan approvals, speeding up the lending cycle and helping them provide more services to their customers. Its "Plug & Play" component provides smooth integration with effortless-to-use APIs, enabling companies to implement the solution easily—within weeks.

CreditX also leads the industry with its Explainable AI capability, giving lenders complete transparency so they know exactly why an application was approved or declined. Made for use by all kinds of financial institutions—ranging from BNPL firms to banks and bureaus—CreditX's solution is scalable, easy to use, and designed to make lending more efficient. Fintech or traditional banking, smarter application scorecards from CreditX are a game-changer for your business.

Behavioral Scorecards

Behavioral Scorecards at CreditX enable businesses to proactively manage customer risk, providing rich insights into likely defaults well ahead of time. Using advanced AI, this product enables you to forecast and manage customer behavior with great accuracy and speed, facilitating more effective risk mitigation.

With predictive analytics, CreditX enables you to spot high-risk customers early on, and that gives you the insight to take preventive measures. Not only does this decrease the chances of defaults, but it also enables you to approach customers before they fall into financial crises. The capacity to control risk in advance is a tool with an incredible capability to enhance overall financial security and customer relations.

Apart from risk management, the behavioral scorecards enable you to incentivize your highest-performing customers. Predictive analysis identifies top-class clients, allowing organizations to present loyalty rewards and forge stronger, more rewarding relationships.

In contrast to models that may take months to create, CreditX's solution is designed for speed, producing timely behavioral insights in seconds. Its plug-and-play design allows for rapid integration with current systems, so you can augment your credit decision process without delay. With Explainable AI, you have complete visibility into the logic behind each and every decision, making your actions more insightful and actionable.

Collection Scorecards

CreditX's Collection Scorecards provide a smart way to optimize debt collection while reducing risk. Powered by advanced AI algorithms, the scorecards make extremely accurate predictions, allowing you to detect write-off risks early—beginning from Day 1 of the Defaulted Payment Date (DPD). This enables early prioritization of the worst cases so that collection efforts are aimed at the top-paying debtors, resulting in better collection results.

The fundamental advantage of CreditX's Collection Scorecards is its speed and precision. With the capability to create models within minutes, companies are able to install current scorecards promptly and produce insights into their entire portfolio without the usual delay involved in traditional credit risk models.

Another big benefit is the solution's seamless integration into current workflows. From CRM solutions to debt management software, or financial tools, CreditX integrates perfectly, enabling businesses to get underway in weeks. The Explainable AI that supports the scorecards provides even more transparency, enabling businesses to see why certain actions or suggestions are being made, allowing them to make decisions with greater confidence.

Overall, CreditX's Collection Scorecards optimize the process of recovery, providing precise data-driven intelligence, reducing collection risks, and generating increased recovery rates through the right debtors and contact channels.

Sanjay Uppal |Short Bio

Sanjay Uppal is the CEO and Founder at Finbots.AI, overseeing business growth, product development, marketing, sales, and partnerships. With more than 25 years of experience in the financial sector, he has played leadership positions at EmiratesNBD, Hong Leong Bank, and Standard Chartered. Sanjay had earlier established StraitsBridge, a consulting agency with expertise in financial services in Asia, the Middle East, and Africa. Some of his past positions include Group CFO at EmiratesNBD and Global Head of Strategy at Standard Chartered Wealth Management. In 2019, he was awarded the Singapore Indian Chamber of Commerce & Industry (SICCI) award for entrepreneurial excellence.

“CreditX is designed to empower Credit Risk Modelers by providing its user with greater control & range over the data process and scorecard development”