Question: I'm looking for a solution that automates credit decisioning and provides a better borrower experience.

If you're looking for a way to automate credit decisioning and improve the borrower experience, Zest is a good choice. The AI-powered credit underwriting software uses sophisticated math and data science techniques to better assess risk so lenders can make better decisions and cut losses. It offers custom underwriting models, risk scoring tools and detailed documentation and compliance tools. Automating credit decisioning can help lenders increase loan originations and improve the borrower experience.

Another contender is Nova Credit. The platform gives businesses access to alternative credit data from 26 sources, including international credit bureaus and payroll companies. Nova Credit offers products like Cash Atlas for evaluating credit risk based on bank transactions and Income Navigator for automatically verifying income. The platform can help lenders reach a larger customer base, including immigrants who may not have credit history in the country, by offering more accurate and detailed credit assessments.

If you want a more general-purpose identity data orchestration platform, check out Alloy. Alloy automates identity verification, anti-money laundering monitoring and fraud prevention across the customer lifecycle. Its sophisticated identity data orchestration technology lets banks and fintechs make lending decisions that are both secure and efficient, and that improve the borrower experience.

Last is Conductiv, an AI-based lending platform that tries to improve lending efficiency by filling in data gaps and offering deeper insights. It can handle a variety of lending products and is designed for companies of all sizes. By combining permissioned data and machine learning, Conductiv can help lenders approve more loans and reduce manual processing, which should improve the borrowing experience.