The client is a non-banking financial company (NBFC) registered with the Reserve Bank of India (RBI).
The client was looking for a way to digitize their lending operations and offer an easy-to-use, AI-powered digital credit app for their customers. They also wanted to provide spending and savings analytics to help customers better manage their finances. However, they faced the challenge of developing a solution that could process large amounts of data in real-time while ensuring the security and privacy of their customers.
The NBFC partnered with Quantilus to develop an AI-powered digital credit app that would allow customers to apply for loans, track their spending, and manage their savings all in one place. The app was built on a Big Data platform that could process large amounts of data in real-time, enabling the company to offer instant credit decisions to its customers. The solution leveraged machine learning algorithms to analyze customers’ spending and saving patterns and provide personalized recommendations to help them manage their finances better.
The app’s key features included:
The AI-powered digital credit app provided the NBFC with several benefits, including: