FintechLabs is bringing about a revolutionary change in the manner in which loans are processed by banks and lenders – our software has the ability to read statements of nearly all major banks globally. This dramatically reduces the workload of an underwriter in understanding a customer’s financial behavior and thus determining loan eligibility. The entire process is automated, resulting in significant cost and time savings and happier customers
API-Based software that can integrate easily with other systems, making it flexible and scalable
Involves Artificial Intelligence and machine learning so the software learns as it goes and never makes the same error twice
Cloud-based: Being cloud-based, it can be accessed from anywhere with a web browser and provides more security
- Lending – Financial Institutions of all types that disburse loans are greatly benefitted by our software. It helps them understand the borrower’s past financial behavior and automate the loan decision-making process, saving the underwriter’s time and effort
- Tax-Filing – Online tax-filing tools have found great use of this software. Instead of uploading information such as bank statements to the tax platform, our software can automatically read the relevant information from the customer’s bank account. This makes the process automated, fast and streamlined.
- Accounting – Accounting software providers can get all the relevant customer information directly from bank statement making the task quick and easy
- Personal Financial Management – Businesses providing financial planning or personal financial management services such as budget management will find this software useful to track income and expenses directly from a customer’s bank account