STRATEGIC PARTNERS
September 23, 2021
Avail Banking, a neo banking platform provider, has integrated Scienaptic AI's credit decisioning platform to boost that service for India's blue-collared workforce. Through this service, Avail will be able to reach a traditionally financially undeserved market, according to a press release.
The platform will offer a credit line and cash products through an online app that can approve customers quickly.
"The blue-collared workforce segment has no credit card penetration, no credit history and sparse banking records, which leads formalized lending institutions to never consider providing them with loans," Tushar Mehndiratta, co-founder at Avail Finance, said in the release. "Using Scienaptic's credit decisioning engine, we will empower the underserved with faster access to credit. The flexibility of the platform will help us evaluate customers' total financial picture dynamically and further support our mission to improve their lives."
