LoanGuard

AI-driven credit assessment technology. Pepper Advantage has acquired LoanGuard, a specialist AI-driven credit management software platform in India. This acquisition brings exciting technology to Pepper Advantage’s growing ecosystem of credit intelligence offerings.

Assess a near limitless volume and range of loan documents

LoanGuard is a market-leading AI and ML solution created specifically for the financial services industry. It is a credit risk tool that can assess loan application documents at scale, including various forms of ID, bank statements and utility bills. Alongside socio-demographic analysis, it is able to help with credit decisioning, identify fraud risks and boost efficiency across a wide range of tasks by delivering a risk assessment report directly to your inbox.

Credit risk evaluation

LoanGuard is a predictive pre-payout credit approval tool which uses socio-demographic and profile-based analysis to assess loan application documents and complete real time checks against authentic sources and a rules-based engine for KYC and risk determination of income.

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Fraud Prevention

Stopping multiple millions in fraudulent applications, LoanGuard delivers end-to-end checks of the loan application documentation including identifying fraud risks and other suspicious behaviour prior to credit approval.

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API integration

Algorithm driven, LoanGuard can be integrated directly into the loan originator’s credit management systems via API, providing a scalable, holistic, contextual and relationship-driven platform to evaluate loan application and portfolio risk analysis.

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Automated transaction monitoring

Our automated transaction monitoring is vastly superior to the manual and individualised internal processes that commonly slow down credit applications across India’s financial services sector.

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LoanGuard Risk Assessment, accuracy 98%

From small ticket unsecured retail loans through to mid-size and high-ticket SME or secured loans, Loanguard can perform the full range of credit risk assessment services to 98% accuracy.

LoanGuard enables Lenders to make appropriate and faster decisions to extend Credit

Banks and lenders are exposed to many credit risk concerns including identity theft, overstated income, tampered or fake documents, lack of authentic sources and multiple loans. And often this multi-point assessment process is carried out by different departments or in silos.

By using rule based triggers, external validations and a unified AI driven analysis process, LoanGuard assesses third party reports and machine readable documents to eliminate these concerns to 98% accuracy. This real time solution provides a comprehensive digital assessment of profile, financial and asset based risk.

Key benefits

Access a scalable platform to evaluate risk inherent in loan applications, pre-payout. LoanGuard is vastly superior to current manual, individual and slow internal processes required to assess the documentation associated with loan applications.

Scalable on demand without needing more resources

Bank statement analysis

Verify authenticity of documents

Algorithm driven with digital assessment and evaluation

Standardised checks across products and geography

Accurate, granular and consistent outputs for the credit assessor

A continuous feedback loop which enriches the platform on a regular basis

Extensive cross verification of the applicants attributes

LoanGuard in action

Identifying potential fraud, analysing financials and providing severity ratings for all loan types

As at 30 June 2023

Loan Applications processed

2m+

Documents checked

10m

Pages analysed

250m

Different document types

60+

Rule based triggers

600+

Trusted by leading Indian banks

Currently used by a range of major banks and non bank financial companies across the public and private sector, we intend to expand its applicable market in India to include fintechs, microfinance companies, small finance businesses, co-operative banks, insurance and government institutions.

Information Security Standards

Pepper Advantage holds ISO/IEC 27001:2022 certification in both India and Indonesia, ensuring robust information security management systems in place.

How it works

Risk assessment made easy

Process all your loan applications for a comprehensive risk evaluation.

Loan application

Applicants apply for a loan and provide their supporting documents.

Risk Determination

The loan application and supporting documents are reviewed by LoanGuard using AI-driven technology.

Profile Analysis

A full profile analysis and financial risk assessment is run on the loan application.

Risk Report

A risk assessment report is generated and includes a detailed set of risks found with the loan application. This ranks and prioritises the risk depending on severity.