Financial intelligence platform geniosAI raises $19.1m

This news signals a major shift in how lenders will soon evaluate risk and set financing terms for your customers. geniosAI, a new platform backed by financial giant FactSet, has secured $19.1 million to automate complex financial analysis using AI. For retailers and service providers, this technology is important because it targets the 'bottleneck' in the lending process: manual underwriting and data analysis. When lenders adopt these tools, the speed of approval for consumer loans and lease-to-own agreements typically increases. The platform allows financial institutions to ingest massive amounts of data to build more accurate models in minutes rather than weeks. For your business, this could eventually mean more precise financing offers and higher conversion rates as lenders become more confident in their real-time risk assessment. As AI moves from a buzzword to a core underwriting tool, expect your finance partners to offer more flexible, data-driven programs that can better predict a customer's ability to pay. This investment proves that the industry is doubling down on speed and automated intelligence to drive the next generation of consumer credit.

Source: Finextra — Lending

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