- Minimize the risks
- Improve credit repayment probability
- Automate credit decisioning
Cygnet Digital’s underwriting model is an automated credit decisioning & fully encrypted lending approach that structure a credit facility by analyzing borrower’s data points such as sales data, purchase data, GST data, bank statements and more, reducing risks and increasing the probability of the credit repayment.
Collect all the business and financial details of the borrowers
Assess the company's financial performance basis fin-ratio analysis and understanding the financial statements
Make real-time decisions with enhanced accuracy and performance
On the cloud platform which can be accessed anytime and is regularly updated
When a lending organization verifies prospect borrowers’ financial details such as income, assets, debt, and other details to approve the loan applications, this process is called underwriting.
They check and verify the submitted financial documents of the borrowers to ensure their financial health to know whether they can repay the loan.