If you're looking for another Zest alternative, Alloy is a good contender. Alloy is an identity data orchestration platform that helps banks and fintechs verify identities, monitor anti-money laundering activity, prevent fraud, and evaluate creditworthiness. It can draw data from more than 200 sources in 195 markets, and it offers customizable risk management processes. It's designed to be easy to use and secure, so it's a good choice for financial services companies trying to modernize their credit decisioning processes.
Another contender is Binocs. Binocs is an AI-based loan management system for private credit funds. It pulls financial information from documents, presents it in a structured format, and offers features like covenant tracking, cash flow management and early warning systems. It's designed to help asset managers, borrowers and service providers manage their portfolios better and lower risk, so it's a good option for institutional lending.
Conductiv is another contender. The platform is designed to help lenders make better, faster lending decisions by filling data gaps and offering machine learning insights. It can handle a variety of lending products, and it can be integrated with existing systems. Conductiv is designed to help lenders of all sizes improve lending by automating manual processes and approving more loans.
If you're interested in document analysis, Ocrolus has a powerful Document AI platform. It uses AI to classify, extract, detect and analyze financial documents with high accuracy, letting lenders assess risk and guard against fraud. The platform can detect tampering, extract data from different formats, and offer a complete audit trail. It's good for consumer lending and small business lending.