Lendistry Implements AI Features Aimed at Redefining Responsible Risk Assessment Processes

LOS ANGELES, CA / ACCESSWIRE / May 30, 2024 / Leading financial services platform Lendistry has integrated advanced generative artificial intelligence (AI) features into its system. These enhancements aim to increase efficiency and enable fairer, data-driven lending decisions.

Unlike other fintech solutions that use AI solely to populate information fields, Lendistry's platform gathers and analyzes complex data from the internet within minutes. It rates risk, predicts outcomes based on industry history, summarizes data points, and identifies similarities among businesses and applications.

"Our commitment is to provide cutting-edge technology that minimizes biases and benefits our clients while adhering to the highest standards of safety and responsibility," says Karthik Ramaswamy, Chief Technology Officer at Lendistry.

CEO Everett K. Sands highlights that AI allows for more objective risk assessments, enabling undercapitalized communities to access capital, grow businesses, and create wealth.

Lendistry's approach optimizes human roles by allowing employees to focus on higher-value tasks and offer personal assistance to borrowers with limited access to financing and financial education.