Case Study: a major bank in APAC reduces loan default risk with KANINI's AI-powered loan prediction solution

AI-Powered Loan Default Prediction

The customer, a major bank in APAC, faced the challenge of mitigating loan default risk while expanding financial products to unbanked populations who lacked formal credit histories. Normal credit scoring mechanisms were ineffective, making credit risk assessment extremely difficult. KANINI was engaged to provide an innovative solution using AI.

KANINI implemented an AI-powered predictive model built on Google Cloud's Vertex AI. The solution used supervised and unsupervised learning to classify default risks and detect anomalies by analyzing alternative data like demographics and transaction history. This enabled the bank's loan officers to perform efficient credit risk assessments, achieve growth objectives in the APAC region, and accurately avoid non-performing assets.