New Delhi, Jan. 29 -- Fintech firm LoanTap on Wednesday announced the nationwide rollout of the Business Indicator for Credit Ratings in India (BICRI), an AI-powered framework that evaluates a range of parameters-including financial data, credit history, social metrics, and trade behavior-to deliver an accurate and holistic credit score.
It enables micro-retailers and MSMEs to assess their creditworthiness and improve their financial standing while equipping lenders with reliable data for informed decision-making, Loan Tap said in a release.
LoanTap incorporated suggestions from early adopters to enhance the tool's usability and accuracy. Key improvements include the integration of the Account Aggregator platform, enabling users to secure...