Breaking News
Translate

Financial risk managers to deploy AI

Kindly Share This Story:

By Cynthia Alo

MONEY MARKET

A financial technology (FinTech) firm FinTrak Software Limited, has unveiled its Credit Risk 360 Software which is an end-to-end loan underwriting and management system designed for financial risk managers.

According to a statement issued by the company the software solution has demonstrated robust performance and high level of encryption strengthened with Artificial Intelligence (AI), “and machine learning technologies to drive end-to-end digital lending activities for small ticket loans.”

The statement said the software also support loan granting decisions on mid ticket transactions while providing robust loan monitoring system.

READ ALSOEl-Rufai signs new law with stiff penalty for rapists

In his remarks, the Group Managing Director of the firm, Bimbo Abioye, said the software has been built in line with the global best practice for the financial services sector and public sector intervention funds management.

He hinted that the software also has mobile application which can be used on the go to drive quick transaction turn-around time and enhance operational efficiency.

“FinTrak Credit Risk 360 was designed to help banks meet the need to identify measure, monitor and control credit risk as well as to assist FIs to ensure they hold adequate capital against these risks and that they are adequately compensated for the risks incurred. 

The Credit Risk 360 Solutions is a web-based platform that can be easily accessed from all branches of the bank and also through web browsers anywhere in the world through it’s highly secured mobile application,” Abioye said.

Kindly Share This Story:
All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from VANGUARD NEWS.

Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.
Do NOT follow this link or you will be banned from the site!