JAKARTA, Indonesia - July 2, 2024 - PRLog -- Scienaptic AI, the world's leading AI-powered credit underwriting platform provider, today announced that LIP (PT Lentera Inspirasi Pembiayaan), a Multifinance Company and a member of Flip Group is now live on its platform. This deployment is enabling LIP to scale its business by offering faster, more accurate risk-based credit to creditworthy borrowers.

LIP started its operation in early 2024, with the belief of creating the fairest financial products for everyone. LIP, which provides financing products in the form of consumer and productive financing,  has a vision to become a leading financing company that prioritizes digital technology and data in providing both online and offline consumer financing while upholding the value of fairness to customers, aiming to be the top choice for Indonesian consumers.

"Our mission is to enrich the financial experience of our user base by offering a diverse array of credit products and ensuring easy access," said Hari Narayanan, President Director at LIP. "By utilizing Scienaptic's flexible Credit Decisioning engine, we are able to develop a wide range of lending products and personalize credit offers for our users. Scienaptic's platform enables us to offer the most convenient credit options for our users to achieve their financial goals, fostering greater loyalty on the platform."

"Digital lending is a rapidly growing segment across South-East Asia, offering a great win-win for both lenders and creditworthy borrowers. We are excited to be working with LIP, a leader in this space, to help strengthen their credit decisioning," said Joydip Gupta, APAC Head, Scienaptic AI. "Scienaptic's decisioning engine will empower LIP to make faster and better credit decisions, meeting the financial goals of both borrowers and investors."

About Scienaptic AI

Scienaptic AI's mission is to increase credit availability across the globe by transforming the technology used in credit decisioning. Banks, NBFCs, MFI, and fintech, use Scienaptic's AI native credit decisioning platform to continually improve the quality and speed of their underwriting decisions.

The platform enables FIs to reach more borrowers, including underbanked and underserved individuals, and say "yes" more often without increasing risk. It democratizes automated AI-powered lending while addressing all regulatory requirements, including Fair Lending and explainable adverse actions.

Scienaptic-enabled lenders have processed more than 300 million transactions, benefitting millions of borrowers. For more information, visit https://www.scienaptic.ai

Media Contact
Chandan Pal
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Source: Scienaptic AI

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