Machine Learning and AI Utilized Extensively for Underwriting, Including Behavioral ML: Insights from Manish Bhatia, President of Technology, Analytics, and New Capabilities at Lendingkart

Indian digital lending company, Lendingkart, is integrating machine learning (ML) and artificial intelligence (AI) into its platform, according to Manish Bhatia, President of Technology, Analytics and New Capabilities. Among the most recent updates is the company’s ninth version of its underwriting engine, which uses bank statements, credit bureau reports and other alternative data sources to permit cash flow-based underwriting for micro, small and medium-sized enterprises. The company has also implemented automation and is exploring products such as MSME credit cards. Lendingkart’s technology is cloud-based and utilises Amazon Web Services and Google Cloud Platform for services including ML-backed underwriting and speech-to-text and text-to-speech capabilities.