India, March 24 -- Poonawalla Fincorp Limited (PFL), a Cyrus Poonawalla Group-promoted NBFC specializing in Consumer and MSME Lending, has introduced an AI-Powered Underwriting Solution, developed in partnership with IIT Bombay. This pioneering technology integrates artificial intelligence (AI) with human expertise to automate and optimize the credit evaluation process, ensuring quicker, more accurate, and scalable credit decisions with a risk-first approach.
By analyzing extensive data points from loan applications, the solution equips credit managers with enhanced decision-making capabilities and strengthens PFL's risk management framework. Utilizing Large Language Models (LLM) and Machine Learning (ML), the AI system has been built from...