Income onboards AI credit decision making software
Estonian peer-to-peer lender Income has partnered with Finnish fintech ResultElf to onboard its AI credit decision-making software.
The new technology will allow Income’s fintech lending partners to optimise their credit originations, allowing them to issue credit more quickly and to the best candidates.
“We are excited to start the co-operation with ResultElf,” said Income’s chief executive Kimmo Rytkönen.
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“Their data science capabilities will benefit our fintech lending partners, allowing them to issue credit and drive financial inclusion more efficiently in their select markets.
“Income is well-positioned in the centre of fintech lending, and we continue leveraging the position through special partnerships such as this.”
ResultElf’s AI decision model deployment programme is called the Elf Engine. It uses machine learning to predict decision-making patterns in real time.
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Jukka Suuronen, co-founder and chief executive of ResultElf, added “ResultElf Team is excited to sign the partnership agreement with Income.
“ResultElf is focusing on helping financial industry to optimize its decisions to increase efficiency and how to allocate its capital for the right customers. We are partnering with fintechs in their profitable and sustainable growth journey.
“We see a win-win-win partnership between Income, ResultElf, fintechs, and their end customers.”
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