AI-driven automation and efficiency for loan onboarding, servicing and management
Fintep’s Lucia automatically extracts key information from credit agreements and loan contracts, enabling it to be transferred into loan management systems for automated onboarding without manual interpretation or rekeying.
Despite huge technological advances in financial services, many crucial tasks are still carried out manually. Firms still spend a great deal of time extracting information from credit agreements and loan contracts using old-fashioned, time-consuming and inefficient processes. And although certain lines of business can generate loan contract execution automatically, others still rely on the physical handover of documentation between middle and back office teams.
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