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Lentra unveils AI-driven products & lending cloud for Banks & NBFCs

By Gloria Mathias

December 14, 2023

  • AI lending
  • AI Lending cloud
  • Banks

Lentra, Lending solutions, AI Lending, Banks, NBFC, Lending Cloud, Fintech News, Fintech India, Fintech Innovation, Digital Lending Summit, India, Fintech Product, Lentra, the digital lending platform, has introduced its Intelligent Lending Cloud Platform during its annual flagship event, the Lentra Digital Lending Summit.

Representing a leap in integrating AI within the digital lending platform, Lentra introduces three AI-driven products. Additionally, it incorporates 40 new functionalities into its existing products, all meticulously crafted to leverage the potential of AI and deliver practical utility for banks and NBFCs.

“The evolution of trends in India’s credit consumption narrative demands thorough understanding and analysis. At Lentra, we strive to meet the increasing demand for personalisation and localization by harnessing the power of AI, ensuring accessibility for our clients,” shared Ankur Handa, Chief Product Officer at Lentra.

Lentra’s Intelligent Lending Cloud solution is designed to address the evolving need for vernacular languages to expand reach, accelerate processing speeds, and reduce the cost of operation.

“AI has recently garnered widespread attention for various reasons, with its capacity for human-like interactions standing out. Aligning with our mission to transform lending by empowering lenders to democratise credit and foster financial inclusion through intelligent decisions, we are thrilled to introduce a wave of AI products and AI-infused features,” shared Rangarajan Vasudevan, Chief Data Officer at Lentra.

Lentra is advancing the application of AI in intelligently automating solutions for Banks and NBFCs in India. The initiatives include leveraging Machine Learning Models to identify potential borrower segments within the existing customer base, employing AI for intelligent customer engagement and lead nurturing.

“In the world of lending, there are quite a few one-trick ponies that address various components of lending. This is where someone like a Lentra is uniquely different. Their AI-powered solutions remove the friction from the entire lending and collection process, enabling decisions that are faster, fairer, and more accurate. We are impressed with how Lentra is continuously pushing the boundaries of their intelligence-embedded solutions and creating the WoW experience for end customers,” said Cyrus Daruwala, Managing Director, Global Financial Services, IDC.

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