Endava, a leading technology services company combining world-class engineering, industry expertise, and a people-centric mindset, has announced its partnership with Finexos, an AI-powered credit risk and analytics platform.
The partnership aims to leverage Finexos’ state-of-the-art credit risk engine to enhance credit decisioning processes, significantly increasing the accuracy of suitability and affordability calculations for banks and lenders. This collaboration will enable more borrowers to access affordable credit while reducing non-performing loans and improving capital allocation.
Endava, with over 20 years of industry expertise, helps financial institutions position their products and services at the forefront of innovation. Through world-class engineering, Endava supports customers in meeting the demands of responsible lending.
Finexos offers a unique methodology to improve credit decisioning, making it possible for larger volumes of borrowers to access affordable credit. Their advanced AI-powered software helps reduce default risks and improve capital allocation for lenders.
The collaboration allows Endava to integrate Finexos’ AI credit decisioning software into their services, helping financial institutions provide responsible lending solutions. This integration aims to increase accessibility for a broader range of customers and provide a more accurate assessment of borrower risk.
Finexos’ cost-effective data science SaaS platform enriches data analysis, speeds up decisions for borrowers, and reduces costs for lenders. The platform operates without geographical constraints, works within institutions’ firewalls, and ensures data security by not accepting or requiring personally identifiable information (PII).
Endava’s head of alliances and partnerships Lewis Brown said, “The addition of Finexos strengthens Endava’s banking ecosystem with new and existing AI-based software and also brings to our clients new tools that fuel growth and react to new and future regulatory requirements.”
Matthew Williamson, SVP & industry principal at Endava, mentioned, “At Endava, we are delighted to announce our partnership with Finexos, demonstrating our ongoing commitment to financial inclusion. This relationship authentically aligns with our core values, using technology and democratising access to financial instruments. Giving individuals and communities the ability to access fair, consistent next-gen real-time credit scoring. Empowering economic growth and stimulus.”
Source: fintech.global
