Namaste Credit to Showcase “AI Video CAM”at Finovate 2018 in New York

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Namaste Credit to Showcase “AI Video CAM”at Finovate2018 in New York

New York, September 2018, USA: Uploading reams of personal and financial information to lenders’ websites, while applying for a home or business loan, has never been an easy task for applicants, especially those who are not tech savvy. A growing volume of documents requested by lenders, inconsistent document and scan quality, and patchy connectivity are additional factors that do not make it any easier for applicants, or their advisors, to secure credit on time and at the right price.

Namaste Credit to Showcase “AI Video CAM”at Finovate2018 in New York

“Credit has the power to transform lives and business fortunes,” said Lucas Bianchi, CEO and Co-Founder, Namaste Credit, “By enabling easy capture of applicant information through our patent pending AIVIDEOCAM tool, we make life easier for all stakeholders within the credit eco-system including lenders, channel partners and borrowers,” he added.

 

Namaste Credit, a tech-enabled financial services provider for the SME and mortgage market, will showcase its AIVIDEOCAM tool at FINOVATEFALL, 2018. To be held on24-26 September, 2018,at the Marriott Marquis Times Square in New York, FINOVATEFALL is an invite-only event that showcases cutting-edge banking, financial and payments technology from around the globe in a unique, short-form, demo format attended by over 1,500+ delegates from the banking and financial services industry from around the world.

 

“We chose Namaste Credit’s AIVIDEOCAM for its simplicity, intelligence, and ability to transform the customer experience during the loan application process, giving it the potential to influence rapid disbursement of credit,” said Greg Palmer, Vice President of Finovate.

 

The AIVIDEOCAM tool is a machine learning-driven, easy to use, end-to-end, high quality video capture APK that converts paper-based documents to digital data and can be easily integrated into any modern loan origination or credit assessment system on a pay-as-you-use basis or software-as-a-service (SaaS) model. Once the applicant uploads documents via video from their mobile, datais automatically scrapedandfed into a patent-pending ML driven advanced credit assessment engine. COO and Co-founder Gaurav Anand notes “A number of India’s top banks and non-banking financial service providers have already begun integrating Namaste Credit’s technology into their loan origination and credit assessment infrastructure to improve the customer loan application experience and their own ability to underwrite loans more quickly and accurately.”

 

For its rapidly growing online loan marketplace in India, Namaste Credit has implemented a state of art requirement matching process to efficiently connect borrowers with multiple lenders. Currently over 40 leading financial service providers in India, engage with thousands ofapplicationsthat originate on the

 

Namaste Credit online loan marketplace and benefit from significantly lower processing times and improved credit assessment.