Cloud-Lending Startup Lentra Introduces 3 AI Products For Financial Sector

At the Lentra Digital Lending Summit, Lentra unveiled its Intelligent Lending Cloud Platform. This advancement signifies a substantial stride in merging AI technology within the digital lending sphere. Lentra has introduced three state-of-the-art AI-driven products and integrated 40 new functionalities into its existing offerings. These developments are tailored to harness the power of AI and provide pragmatic benefits for Banks and NBFCs. 

“The evolution of trends in India's credit consumption narrative demands thorough understanding and analysis. At Lentra, we strive to meet the increasing demand for personalisation and localisation by harnessing the power of AI, ensuring accessibility for our clients," says Ankur Handa, Chief Product Officer at Lentra.

Lentra's Intelligent Lending Cloud solution is crafted to cater to the changing demands for Vernacular Languages, aiming to broaden its reach, hasten processing times and diminish operational costs.  

"AI has recently garnered widespread attention for various reasons, with its capacity for human-like interactions standing out. Aligning with our mission to transforming lending by empowering lenders to democratise credit and foster financial inclusion through intelligent decisions, we are thrilled to introduce a wave of AI products and AI-infused features. With this extended portfolio, we are confident that our clients will experience significant enhancements in their business, equipped with actionable intelligence" shares Rangarajan Vasudevan, Chief Data Officer at Lentra.

Lentra is using AI applications to automate solutions for Banks and NBFCs in India. These initiatives involve harnessing Machine Learning Models to pinpoint potential borrower segments within the current customer base.