Pepper Advantage has acquired LoanGuard, a specialist AI-driven credit management software platform in India. This acquisition brings exciting technology to Pepper Advantage’s growing ecosystem of credit intelligence offerings.
LoanGuard is a predictive pre-payout credit approval tool which uses socio-demographic and profile-based analysis to assess loan application documents and complete real time checks against authentic sources and a rules-based engine for KYC and risk determination of income.
Stopping multiple millions in fraudulent applications, LoanGuard delivers end-to-end checks of the loan application documentation including identifying fraud risks and other suspicious behaviour prior to credit approval.
Algorithm driven, LoanGuard can be integrated directly into the loan originator’s credit management systems via API, providing a scalable, holistic, contextual and relationship-driven platform to evaluate loan application and portfolio risk analysis.
Our automated transaction monitoring is vastly superior to the manual and individualised internal processes that commonly slow down credit applications across India’s financial services sector.
Banks and lenders are exposed to many credit risk concerns including identity theft, overstated income, tampered or fake documents, lack of authentic sources and multiple loans. And often this multi-point assessment process is carried out by different departments or in silos.
By using rule based triggers, external validations and a unified AI driven analysis process, LoanGuard assesses third party reports and machine readable documents to eliminate these concerns to 98% accuracy. This real time solution provides a comprehensive digital assessment of profile, financial and asset based risk.
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Access a scalable platform to evaluate risk inherent in loan applications, pre-payout. LoanGuard is vastly superior to current manual, individual and slow internal processes required to assess the documentation associated with loan applications.
By extension, LoanGuard provides to following additional services to support credit underwriting and manage credit risk.
From financial and EMI monitoring to analysing scoring and reportingacross all loan products.
Understand the risk score on your current loan book, categorise risk or set up early warning triggers.
LoanGuard provides field and tele-verification services which span multiple cities and languages.
To verify collateral or assets, LoanGuard provides digital, physical and document validation.
Available today as a standalone solution in India and part of a fully managed service provided by Pepper India Resolutions, we have also started the process of integrating our AI credit assessment platform into our own industry-leading, end-to-end credit management platform.
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