Artificial Intelligence is transforming the way we bank. Fintech companies and start-ups are causing a revolution within the lending world, and with the ever growing importance of data and analysis for making informed business decisions increases, so does the demand of artificial intelligence and automation modern business.
In our weekly Startup Scout series, Fora picks out promising companies that are emerging from Ireland. Luna Connect’s platform makes the processing of information quicker for the lender by automating many procedures, which helps the underwriter make a decision faster. This ultimately benefits the consumer who will get an answer quicker.
We are thrilled to be participating in Data Pitch, an open innovation programme that helps start-ups and SMEs innovate with data. On the Data Pitch Accelerator, Luna Connect applied machine learning models to automate lending for SMEs across the UK and Ireland, therefore providing quicker lending decisions.
Luna Connect’s platform provides banks, credit unions and alternative lenders with the tools they need to accept loan applications online, gather supporting data digitally and use artificial intelligence to automatically process the data and make better, quicker decisions.