FIT Rank – Online PSB Loans Limited
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FIT Rank- New Age Credit Score
Nomination
- Lack of high-level precision mechanism to measure the financial health of MSMEs.
- Present credit score depends only on loan payments and credit history, which is biased in nature.
- If MSME has no prior credit history, no data is available for checking their credit assessment.
- Lack of additional risk differentiation mechanism above CIBIL MSME rank
Achievements
- Facilitated FIT rank based on the historical credit behavior of borrowers to strategize lenders’ growth potential.
- Empowered MSMEs to access credit using AI/ML ranking even if they are new to credit.
- Supplements the underwriting process by consistently interpreting the credit risk associated with the borrower.
- Monitor the risk transition of borrowers and manage the portfolio health.
SKOCH Award Nominee
Category: Other – FinTech Organisation
Sub-Category: Other – FinTech Organisation
Project: FIT Rank
Start Date: 2022-12-20
Organisation: Online PSB Loans Limited
Respondent: Mr Jaymin Pankaj Kansara, Marketing Manager
no website
Level: Bronze Plus (FinTech)
For more information, please contact:
Mr Jaymin Pankaj Kansara, Marketing Manager at Jaymin.kansara@onlinepsbloans.com
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