Fintern
The main product is a personal loan service offering amounts between £1,000 and £10,000, utilizing AI, Open Banking, and alternative data to improve lending decisions. The Render platform specifically leverages real-time bank transaction data to facilitate a more accurate and equitable credit assessment process.
- Category: Debt & Credit Issues
- Location: London, London, City of, United Kingdom
- Founded: 2020-01-01
- Total funding: 2608142608
- Website: https://fintern.ai
Product & Features
- Fintern uses AI and Open Banking to enhance consumer credit decisions beyond traditional credit scores.
- Render, the AI credit decisioning platform, analyzes real-time bank transaction data for better lending decisions.
- Abound offers unsecured personal loans up to £10,000, focusing on a holistic view of consumers' financial situations.
- The technology behind Render has achieved a 70% reduction in default rates compared to market expectations.
- Fintern empowers consumers to leverage their transaction data for more accurate credit assessments.
Notable Customers
- EY
- Spread a Smile
- Cifas
- Financial Conduct Authority
- Information Commissioner's Office
Similar Companies
Frequently Asked Questions
What is Fintern?
The main product is a personal loan service offering amounts between £1,000 and £10,000, utilizing AI, Open Banking, and alternative data to improve lending decisions. The Render platform specifically leverages real-time bank transaction data to facilitate a more accurate and equitable credit…
What does Fintern do?
Fintern uses AI and Open Banking to enhance consumer credit decisions beyond traditional credit scores. Render, the AI credit decisioning platform, analyzes real-time bank transaction data for better lending decisions. Abound offers unsecured personal loans up to £10,000, focusing on a holistic view of consumers' financial situations.
Who are Fintern's customers?
Fintern's customers include EY, Spread a Smile, Cifas, Financial Conduct Authority, Information Commissioner's Office.
What category does Fintern fall under?
Fintern is a legal technology company in the (Cons) Debt & Credit Issues category.
Where is Fintern based?
Fintern is based in London, London, City of, United Kingdom.
When was Fintern founded?
Fintern was founded in 2020.