BankSathi, GoodScore and Credgenics use AI to reduce loan rejections
NewsBytes | April 16, 2026 10:39 AM CST
Lenders still step in despite AI
Even with all the new AI tools, lenders still need to step in when borrowers default since banks rely on some manual processes that tech hasn't replaced yet.
Startups like Paisabazaar are already using AI to analyze borrowers' credit histories and provide AI-led video score reports, and BankSathi's recent $2.3 million funding shows investors believe tech can make a real difference, but there's still room for more innovation.
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