True Balance scores 100% of loan applications with AI, looks beyond credit bureaus to curb defaults
True Balance now uses AI for loan applications, retaining human review for some cases. This approach helps assess borrowers with limited credit histories effectively. The company has seen approval rates increase and defaults decrease significantly. Alternative data, like FASTag activity, supplements traditional credit scores for better profiles.
What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Wow
0
Sad
0
Angry
0
Comments (0)