Fineksi
By FineksiFineksi is an SaaS company that help financial institutions streamline their credit process and detect for fraud by ingesting all the borrowers documents and provide AI-based financial analysis, so that they can process a faster loan without sacrificing the quality and reduce non performing loan.
- Stage
- At scale
- Industries
- Banking and finance
- Technology
- Deployment
- Cloud (SaaS)
Why it is worth it
First of all, it is all about accuracy of the extracted data, while others can only have 70-80% of accuracy, we manage to provide an accuracy up to around 95-99%. Second, the we have algorithm that we train to understand multiple type of document especially in the bank statement documents.
- 3 major financial toll that face by all of the financial institutions that drag down their profit:
- 1. 1-5% borrower application is a fraud
- 2. Credit analysis process that takes up to 10 days (cost around US$ 2 million annually)
- 3. 3.5 human error rate that causing Non performing loan.
Opening the deck…
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Best customer profile
- Financial Institutions like Bank, P2P Lending, Multifinance and any type of lender across APAC.
- Use case: Financial analysis to make a credit worthinesss decisions.
Notable paying customers
- BNI Finance, Pegadaian, Astra Group Company, Bank MAS, Hana Bank etc
Key milestones
- ~40 paid enterprise customers - Growing 20% in the last 6 months