IndiaFinance and insurance2025 – ongoingPoonawalla Fincorp
Credit AI underwriting platform built with IIT Bombay
Poonawalla Fincorp's Credit AI reached full adoption in its Personal Loans underwriting
Problem
Retail loan underwriting involved manual work and slow credit evaluation.
Approach
The lender launched Credit AI in March 2025 with IIT Bombay. The platform analyses loan application data to speed credit evaluation and improve decision quality. By December 2025 it was fully adopted in the Personal Loans business. The company plans to extend it to five more lending areas.
Results
Takeaway
Poonawalla moved one loan line to full use before extending the tool. It reported the gain only in general terms.
Categories
- Industry
- Finance and insurance
- Business function
- Finance, risk and legal
- Innovation type
- Process innovation
- AI technology
- Generative AIPredictive analytics and ML
- Adoption
- Partner co-development
- Evidence
- Company's own claim
Sources
Source summaries
The article repeats the company's announcement that Credit AI, launched in March 2025 with IIT Bombay, reached full adoption in Personal Loans. The company reported a substantial improvement in underwriting productivity without a number and named five lending areas for extension.
Full details are in the original sources.