AI for credit portfolio management

AI-driven risk management decisioning and monitoring platform EnFi is automating the credit approval process for financial institutions while maintaining compliance, freeing up employees to focus on other areas of operations. 

EnFi uses natural language processing and modern AI models to extract information from loan and security agreements and offer instant compliance, Chief Technology Officer Scott Weller tells Bank Automation News on this episode of “The Buzz” podcast.  

Digital bank Grasshopper Bank is among users of the tech, he says.  

EnFi will demonstrate its technology at Bank Automation Summit U.S. in Nashville, Tenn., on March 3.