Earnix, the global leader in intelligent SaaS solutions for financial services, has launched an advanced AI platform that is set to combine pricing analytics with automated credit risk decisioning.
This end-to-end AI-driven software platform, known as Lending Plus, was developed to address the growing demand from financial institutions for improved efficiency in lending processes, according to FF News.
It was developed to address the growing demand from financial institutions for improved efficiency in lending processes. By streamlining loan pricing and decision-making, financial institutions can drive higher volumes and profit margins while reducing manual interventions.
The innovative offering combines advanced pricing analytics, price optimisation, and simulation capabilities with automated credit risk decisioning in a single solution.
Be’eri Mart, Chief Product Officer of Earnix, highlighted the significance of combining pricing and credit risk decisioning in one platform. “We recognised an industry dictated need to offer joint pricing and credit risk decisioning in a single platform, rather than separate solutions,” said Mart “The current process for many includes complex and fragmented solutions. With this new platform, lenders will see improved portfolio performance and can ensure each lending decision is optimised for KPIs set by the lender including risk, profitability, volume.”
By using machine learning-based credit scorecards, lenders can implement credit policies and update rates more frequently, without relying on IT. The platform also offers simulation capabilities to model the impact of pricing and credit strategies before they are applied, allowing for better business outcomes.
Built specifically for pricing and risk teams in lending institutions, Lending Plus offers pre-configured features for pricing, risk modelling, and reporting, eliminating the need for additional customisation.
Additionally, the joint simulation feature enables users to assess how changes in decision-making processes will affect business results before they are implemented.
Founded on the company’s core expertise, Earnix provides AI-driven software that enhances decision-making for the financial sector.
Their solutions combine pricing optimisation, analytics, and risk management, enabling institutions to make smarter, data-driven decisions quickly and efficiently.
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