Saafe Tech has launched its Credit Assessment Report (CAR), a unified credit decisioning solution designed to help lenders evaluate borrowers using consent-based financial information from the Account Aggregator ecosystem and other approved financial data sources.
The launch comes as India’s Account Aggregator ecosystem continues to expand, with more than 2.88 billion financial accounts enabled for consent-based data sharing. The network currently includes 182 Financial Information Providers (FIPs) and 1,146 Financial Information Users (FIUs).
Saafe Tech said the growing availability of customer-permissioned financial data is creating opportunities for lenders to move from document-based underwriting towards real-time and data-driven credit evaluation. At the same time, reviewing multiple financial datasets separately can result in fragmented borrower profiles, inconsistent risk assessments and longer evaluation cycles.
CAR addresses this by creating a unified borrower profile using consented financial information available through the Account Aggregator ecosystem along with other approved financial data sources.
The solution triangulates and cross-validates financial datasets to identify relationships and risk indicators that may not be visible when individual datasets are assessed separately.
Depending on the applicant’s credit profile, the report evaluates up to 15 financial and behavioural risk indicators. It provides an assessment of repayment capacity, cash flow patterns, existing obligations and overall financial health through a standardised framework.
Saafe Tech said CAR can generate a credit assessment report in less than 60 seconds and can be configured according to individual lenders’ underwriting policies and rule engines.
The solution is designed for banks, non-banking financial companies and digital lending platforms and can be deployed across different lending segments. Saafe expects unsecured lending and microfinance to benefit from faster underwriting, improved decision quality and a more standardised assessment framework.
Venkatesh Krishnamoorti, Founder and Managing Director, Saafe, said the challenge in credit underwriting is increasingly about interpreting financial datasets from multiple sources consistently rather than simply accessing data. He said CAR is designed to convert consent-based financial information into an intelligence layer that can help lenders improve underwriting quality and reduce manual effort.
He added that the company’s long-term vision is to develop CAR into an AI-powered, query-driven intelligence platform that allows lenders to use natural language queries to retrieve relevant insights, explanations and supporting evidence from financial reports.
The solution is currently being piloted by three leading lending institutions.
Saafe Tech said the evolution of the Account Aggregator ecosystem could make the ability to convert consent-based financial data into intelligent, explainable and scalable credit decisioning an important part of digital lending.
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