Endava, a expertise companies firm, has teamed up with Finexos, an AI-powered credit score threat and analytics platform, with the intention to improve credit score decision-making for banks and lenders.
The partnership leverages Endava’s engineering experience and Finexos’s AI capabilities to assist monetary establishments in offering accountable lending.
The Finexos software program enriches information evaluation, hurries up decision-making, and reduces prices, all whereas guaranteeing information safety. This alliance aligns with Endava’s dedication to monetary inclusion and innovation within the banking sector.
Legacy metrics exclude many debtors from accessing reasonably priced monetary companies and expose lenders to unnecessarily excessive threat because the development for defaulting debtors will increase. Finexos software program, along with Endava’s trade data, goals to extend accessibility to a broader vary of shoppers whereas offering a way more correct evaluation of borrower threat, leading to higher outcomes for lenders.
“The addition of Finexos strengthens Endava’s banking ecosystem with new and present AI-based software program and in addition brings to our purchasers new instruments that gas progress and react to new and future regulatory necessities,” says Lewis Brown, Endava’s head of alliances and partnerships.
Whereas, Matthew Williamson, SVP and trade principal at Endava, added: “This relationship authentically aligns with our core values, utilizing expertise and democratising entry to monetary devices. Giving people and communities the power to entry honest, constant next-gen real-time credit score scoring. Empowering financial progress and stimulus.”
Based on Darren Smith, govt director of Finexos, Endava’s resolution to plump for Finexos’ superior AI information science SaaS platform for its clients will “allow it to supply extra inclusive, Shopper-Responsibility-compliant lending selections whereas additionally decreasing threat of their lending portfolios”.
