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AI in finance

Finuit’s Bank Statement Analyzer simplifies processing of MSME Loan Applications

July 3, 2024 by Press Reporter

There are over 6.3 million MSMEs in India, with an unmet credit demand of close to 120 billion USD. Access to small ticket loans for MSMEs is often a long, uncertain process. MSME lending landscape faces challenges of credit underwriting necessary for the approval and disbursal of loans. Credit underwriting requires the applicant’s financial data from a myriad of documents such … [Read more...] about Finuit’s Bank Statement Analyzer simplifies processing of MSME Loan Applications

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