Worldline and FinbotsAI team up to put AI credit modelling in the hands of Financial Institutions
FinbotsAI has announced a strategic collaboration with Worldline to deliver an AI-powered solution that will elevate lending capabilities for financial institutions globally. Through an advanced no-code SaaS platform, this partnership empowers Worldline’s diverse client base to take full ownership of their credit modeling processes.
At the heart of this collaboration is FinbotsAI’s flagship solution, CreditX, which enables financial institutions to design and implement credit scorecards using state-of-the-art artificial intelligence (AI) and machine learning (ML) algorithms. These technologies are seamlessly embedded across the entire lending value chain—spanning from data collection to credit decisioning—serving both consumer and business lending needs.
CreditX merges the robustness of traditional credit modeling with the transformative potential of AI/ML. It allows credit risk modelers to build sophisticated scorecards tailored to their specific data inputs and parameters. With its human-centered AI design, CreditX enhances the precision of credit assessments while dramatically reducing costs and accelerating deployment times.
Sanjay Uppal, CEO & Founder of FinbotsAI, remarked, “We are delighted to partner with Worldline, a global payments leader, to take our AI innovation to the world. Backed by over six years of research and accreditation from Singapore regulators Monetary Authority of Singapore and Infocomm Media Development Authority towards building trustworthy Artificial Intelligence, CreditX’s human-centered design enables lenders to confidently harness the power of AI in their transformation journey.”
Noel Chow, CEO & COO of Worldline Financial Services, APAC, said, “We are excited about our partnership with FinbotsAI. We believe that our collaboration will help our clients to enhance their credit assessment processes and capitalize on new opportunities.”
About Worldline
Worldline [Euronext: WLN] helps businesses of all shapes and sizes to accelerate their growth journey – quickly, simply, and securely. With advanced payments technology, local expertise and solutions customised for hundreds of markets and industries, Worldline powers the growth of over one million businesses around the world. Worldline generated a 4.6 billion euros revenue in 2023. worldline.com
About FinbotsAI
Founded in 2017, FinbotsAI, an Accel portfolio fintech, is on a mission to help financial institutions drive profitable lending and financial inclusion with CreditX, its SaaS solution that uses artificial intelligence across the credit value chain – from data to decision. FinbotsAI counts among its clients’ banks, digital banks, SME lenders, consumer lenders, Credit Bureaus and other financial institutions across markets. FinbotsAI was recently awarded “Product Innovation of the Year – Best Fintech” at the IFC Global SME Finance Forum 2024. finbots.ai.