How Fincover (Fintech Company)is using AI and Machine Learning to boost financial Inclusion
New Delhi (India), October 20: The Indian lending market has witnessed a growth of 11 percent and has touched Rs. 175 trillion in FY 2022. The disbursement is further expected to grow and reach Rs. 275 Trillion by FY26. The mushrooming of numerous Direct Selling Agents (DSAs) and Fintech Startups have contributed to this staggering growth. Fincover, a fintech startup based in Chennai, has quickly emerged as one of the DSAs in the Personal Loan space with their extensive use of technologies like Artificial Intelligence (AI) and Machine Learning (ML), and Data analytics within the digital lending ecosystem.
Depsite the numerous increase in the number of private banks and NBFCs over the years, the demand for credit continues to be high, especially within the underserved segments. The avai...