FlexSalary's AI Driven 'Loan Management' System Widens Financial Inclusion #KhabarLive Hyderabad

Vivifi India Finance Private Limited (Vivifi), a FinTech NBFC (non-banking finance company), has transformed the consumer credit landscape in India with its artificial intelligence (AI) driven loan management system used by its flagship lending product – FlexSalary. FlexSalary is a reusable line-of-credit with flexible repayment options which enables access to credit to the sub-prime population of India. FlexSalary's AI powered underwriting algorithm plays a crucial role on two fronts – first, eliminate fraud, and second, by minimizing human intervention, reduce the loan approval process by a fourth. "Artificial Intelligence and Machine Learning minimize human intervention in the loan approval process. So, not only does FlexSalary enable credit availability anytime, anywhere provided one has an internet connection and a bank account, but with its revolutionary Electronic Income and Bank Verification option, it allows an individual to receive the loan on the very same day whereas traditional avenues take much longer," said Anil Pinapala, Founder & CEO, Vivifi India.