Business EconomyPosted at: Mar 24 2025 11:19AM


Poonawalla Fincorp unveils AI-Powered Underwriting Solution

Mumbai, Mar 24 (UNI) Poonawalla Fincorp Limited (PFL), a Cyrus Poonawalla Group promoted NBFC, has unveiled an industry-first AI-Powered Underwriting Solution collaboration with the Indian Institute of Technology Bombay (IIT Bombay).

This innovative solution integrates artificial intelligence with human intelligence to automate and streamline the credit evaluation process. It aims to accelerate credit decisions by ensuring efficient, accurate, scalable and risk-first approach. By analyzing multiple data points from loan applications, the solution empowers credit managers with faster decision-making capabilities while enhancing the company’s risk management framework.
At launch, Arvind Kapil, Managing Director & CEO of Poonawalla Fincorp, said, “At Poonawalla Fincorp we fully respect and understand the transformative impact of AI in reshaping the credit landscape. We are delighted to launch our groundbreaking solution, blending AI innovation and human judgment in credit underwriting. With this initiative, we position ourselves as paradigm pioneers, driving transformation in our industry.”
The AI solution integrates Large Language Models (LLM) and Machine Learning (ML) platforms to create an automated and intelligent credit decisioning system. Built from the ground up, it focuses on real-world underwriting demands, keeping the human cognitive model at the core of its architectural design. With this groundbreaking initiative, PFL aims to boost its credit managers' productivity by 40 per cent in retail lending, a company statement said.
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