Floowed is an AI-driven credit application automation platform designed to streamline financial analysis and validation. It transforms raw credit applications into decision-ready insights with a claimed accuracy of 99.7%.
Key Features:
- Automated Data Extraction: Floowed ingests various document types, extracting financial data using AI-powered OCR.
- Customizable Workflows: Users can build custom workflows to automate document processing, data validation, and financial spreading.
- AI-Powered Validation: Intelligent processors validate extracted data against predefined rules and inconsistencies.
- Fraud Detection: Identifies inconsistencies and unusual patterns to flag potentially fraudulent applications.
- Credit Analysis: Performs credit analysis, including ADB, cash flow analysis, debt ratios, and AI-driven risk assessment.
- Integration: Integrates with existing LOS, CRMs, and core banking platforms via APIs.
Use Cases:
- Lenders: Automate credit application processing for SME, retail, mortgage, and auto loans.
- Financial Institutions: Reduce manual data entry, improve accuracy, and accelerate decision-making.
- Underwriting Teams: Free up analysts to focus on risk assessment and complex decision-making.
