Underwriter.ai uses AI to assess credit risk

Solution:

The platform acquires portfolio data and applies machine learning to find patterns and determine good and bad applications. Because of its accuracy, Underwriter.ai claims it can reduce defaults by 25-50%.

Since working with Underwriter.ai in 2015, a major online lender providing dental financing reduced its default rate from 17.8% to 5.4%, according to a case study cited on the company's website.