Bank / Credit Union

Inditrade Capital selects Scienaptic AI to power credit decisioning

August 5, 2021

Inditrade Capital, a fintech company, has selected Scienaptic AI, an AI credit decisioning company, to provide its platform for predictive risk scorecards for small-medium enterprises credit decisioning.

With this platform, businesses can gain a 360-degree view of the customer based on bank and financial statements and other data points, according to a press release.

Inditrade aims to help reach the financially undeserved in India with this platform, which uses a credit decisioning engine to deliver policies and strategies for credit.

"Small and medium enterprises are a force to be reckoned with, but until recently, there was immense disparity between the credit available to large corporates and smaller enterprises," Sudip Bandyopadhyay, group chairman, Inditrade, said in the release. "Using Scienaptic's AI, we will bridge this gap and make credit more accessible to deserving entrepreneurs. It will enable us to use more data thereby, approving loans faster and more efficiently."