India, July 11 -- Traditional Loan Origination Systems (LOS) were and still remain a mainstay among banks and countless financial institutions. But a smarter LOS powered by Artificial Intelligence (AI), Machine-Learning (ML), and advanced capabilities could create a radical transformation in the BFSI sector.

Conventionally, LOS systems were built atop rule-based processes and manual checks. What is needed today is a faster process built to lend at scale and enables credit decisions - in a confident manner.

At the heart of an AI powered LOS lies three main USPs - speed, scale, and improved quality. On one hand, small-banks and financial intermediaries have the advantage of creating a smarter, faster, and more inclusive lending experience...