Chat with us, powered by LiveChat
IndiaTechDesk - India's Leading Tech and Startup Media Publication
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
    • Venture capital
  • Interviews
  • Events
No Result
View All Result
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
    • Venture capital
  • Interviews
  • Events
No Result
View All Result
IndiaTechDesk - India's Leading Tech and Startup Media Publication
No Result
View All Result
Home Business

AI in Fintech: 5 Startups in India Making The Most of it

 285 total views,  2 views today

IndiaTechDesk Editor by IndiaTechDesk Editor
March 20, 2020
in Business, enterprise, Enterprise & SaaS, FinTech, SaaS
59 2
0
Fintech Startups
199
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Artificial intelligence has made a considerable impact on financial services, credit, payments, and banking. More and more companies are jumping into the bandwagon of AI technology, and for a good reason.

With the help of Artificial intelligence and automation, companies can capture consumer behavior, gather relevant data through technologies like natural language processing, computer vision, and machine learning.

Learn about the ways Disruptive Fintech Technologies Will Transform Finance in India

With a wide variety of fintech Business models operating in India, the adoption of AI in the Fintech industry has seen a massive rise in recent years. Let’s look at five fintech startups that have succeeded in utilizing AI to streamline and innovate their daily operations. AI algorithms have strengthened their decision making processes and data analytics capabilities.

5 Fintech Startups in India making the most of Artificial intelligence

1.Capital Float

Capital Float utilizes the latest AI technologies in combination with expert human insight for things like risk assessment, marketing, and collections. Artificial intelligence and machine learning help Capital Float to determine the creditworthiness of applicants and choosing the right time to offer them a loan. They have also incorporated intelligent AI models in their marketing campaigns for better customer targeting.

2.CreditMate

CreditMate uses continually evolving technology that takes into account the most critical needs of today’s Fintech companies. Some of the necessities in the Fintech industry today are fraud detection, risk analytics, virtual chat assistance, and propensity models, among others. Creditmate focuses on providing technology for a better and more efficient onboarding of new customers by fulfilling the requirements mentioned above.

The financial industry is full of intensely decision driven processes such as making calls to the right person at the right time, resolving conflicts and figuring out what triggers the customers, and so on. Presently, millions of human agents are responsible for carrying out such processes. However, with the help of Fintech companies like Creditmate, this knowledge is gradually being translated into cutting- edge artificial intelligence systems.

3.Coverfox

Coverfox is an AI-based insurance comparison startup. Besides, enabling the consumers to choose the right company and most suitable plan for their needs and budget, Coverfox also helps companies to make more sales and make their services better and more efficient. Coverfox has also integrated the essential processes such as policy issuance, inspection, claims, and endorsements to make these services effortlessly accessible for consumers.

4.Lendingkart

Lendingkart uses artificial intelligence for credit evaluation, product interaction, and quality lead scoring. Lendingkart’s algorithm analyzes over 10K data points to check the creditworthiness of every consumer. AI allowed them to predict delinquent accounts in advance to a high degree of accuracy.

When it comes to marketing, AI helps them to know how their marketing efforts and campaigns are precisely performing and which ones are bringing them better results, allowing them to optimize their budget across various channels.

5.Mswipe

Mswipe utilizes AI in its Field Force Automation App (F2A2). F2A2 is a technologically advanced merchant onboarding solution developed by Signzy – a Bengaluru based startup.

What makes Mswipe’s F2A2 Asia’s most unique technology is its ability to capture KYC documentation, profile information of merchants digitally, and authenticate them automatically by taking into account over 40 government databases. This high tech solution has reduced the onboarding time for new merchants from 3 days to half an hour.

Learn about the Most Popular Startup Sectors In India.

Enjoyed this article? For more updates on the Indian Startup ecosystem, follow us on Facebook, Twitter, and LinkedIn or subscribe to our newsletter.

What’s your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Facebook Twitter Email
Tags: CoverfoxCreditMateFintech Startups in IndiaLendingkartMswipeMswipe Capital Float
IndiaTechDesk Editor

IndiaTechDesk Editor

IndiaTechDesk is part of beSUCCESS Media group, focusing on Indian startup and tech news, trends and analysis. Write to us at press@indiatechdesk.com.

Related Posts

upi
FinTech

UPI Transaction Value Soars By 105 Percent In 2020!

January 7, 2021
business
Business

How Much Have Small Businesses Recovered From The Impact Of COVID-19?

December 7, 2020
State of India's 'Fin+Tech' Union
featured

Despite the Covid-19 lockdown in India, digital payments players reached ~82% of pre-Covid volumes in June – Matrix Partners India ‘State of India Fin+Tech Union’ report

October 8, 2020
Airmeet
featured

Indian virtual events platform startup Airmeet raises $12M Series A funding led by Sequoia Capital India and Redpoint Ventures

September 18, 2020
FarEye
Enterprise & SaaS

Noida-based Logistics SaaS startup FarEye raises USD 13 Mn in Series D extension from The Fundamentum Partnership and South Korea’s KB Global Platform Fund

August 24, 2020
Plum insurance
FinTech

With INR 7 Crore in seed funding, Indian insurtech startup Plum is targeting employee group health insurance

July 22, 2020

FREE NEWSLETTER

 

TRENDING POSTS

  • How The Online Food Delivery Startups Fared During COVID-19 In 2020 And What’s Cooking For 2021?

     1,072 total views,  1 views today

  • UPI Transaction Value Soars By 105 Percent In 2020!

     970 total views,  1 views today

  • How Indians Have Moved Online For Astrology-Related Services?

     982 total views

  • Inspirational Humanitarian Initiatives By Sonu Sood In 2020!

     736 total views,  1 views today

  • 2021 – What’s In Store For The Indian Startup Ecosystem?

     298 total views,  1 views today

  • Corporates Are All Set To Step Up Hiring And Appraisals In The New Normal For The Year 2021

     268 total views,  1 views today

  • Google And Microsoft Back The Indian Version Of Tik Tok- Josh!

     250 total views,  1 views today

  • One Of The Biggest EdTech Deals In The World- Byju’s Acquires Aakash Educational Services In A $1 Billion Mega Deal

     137 total views,  9 views today

  • Westbridge Capital Leads $21M Series C Investment in DealShare!

     436 total views

  • Akshay Kumar and Rana Daggubati Powered Socialswag to Enable Consumers to Connect With Influencers and Celebrities!

     159 total views

ABOUT US

IndiaTechDesk is obsessed with the Indian startup ecosystem, offering intelligent, engaging coverage of the innovations, emerging startups, and entrepreneurship in India.....read more

MORE FROM OUR NETWORK


  • ktd

  • atd

  • itd

  • ktt

  • kgd

  • kpp

  • ktp

  • kpoppost

  • ustechtimes

Categories

  • Accelerator
  • AI & Big Data
  • AR & VR
  • Blockchain
  • Business
  • Clean Technology
  • Competitions
  • Content & Games
  • Coronavirus
  • Cybersecurity
  • E-commerce
  • Ecosystem & Lists
  • Education
  • enterprise
  • Enterprise & SaaS
  • entertainment
  • Events
  • featured
  • FinTech
  • Gadgets & Electronics
  • Guide
  • Health & Bio
  • Incubator
  • Indian Startups
  • Indian Women
  • Interviews
  • Investments
  • IoT
  • Manufacturing
  • Market
  • Marketplaces & E-commerce
  • Regulation
  • Robotics
  • SaaS
  • Transportation & Logistics
  • Travel
  • Uncategorized
  • Venture capital
  • “Contact: press@indiatechdesk.com”
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
  • About Us

Copyright © 2020 indiatechdesk.com

No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

Copyright © 2020 indiatechdesk.com

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In