Transforming Loan Approvals with AI

As a part of an ambitious project, a Kakushin innovation happened with an organization into the lending business. The organization faced lengthy loan approval times, causing customer dissatisfaction and loss of market competitiveness. To disrupt the lending space, they developed an advanced AI platform for instantaneous online loan disbursal. The solution integrated real-time credit scoring by leveraging Machine Learning concepts, automated verification processes, and seamless digital interfaces. This radical transformation reduced loan approval times from about 20 days to about 5 days and minimized manual intervention. As a result, the company captured a larger market share, increasing by 35% within the first year. Additionally, the innovative approach positioned the company as a leader in the digital lending industry, attracting new customers and enhancing overall revenue by INR 4 Cr annually.