Bengaluru, March 12 Fexo, an AI intelligence platform focused on the BFSI sector, announced on Thursday the launch of its proprietary AI decisioning engine for business loans.
The new system is designed to help banks, NBFCs, and financial services providers accelerate the adoption of AI across document-heavy, scan-based, and voice-based business lending processes by providing high-quality, decision-ready insights while maintaining auditability and compliance, Fexo said.
In a statement, the company said that as financial institutions scale AI across operations, Fexo's platform converts unstructured, multi-modal data into structured, decision-ready intelligence, enabling faster, auditable, and cost-efficient decisioning at scale.
The platform is engineered specifically for regulated environments where traceability, accuracy, and policy alignment are critical.
According to Fexo, the platform processes complex financial and commercial documents from enterprises, including financial statements, ITRs, bank and GST statements, call logs, credit reports, investor transcripts, invoices, photographs, scanned records (whether printed or handwritten, in English or vernacular languages).
It cross-references data across sources and transforms it into standardized, policy-aligned outputs integrated with configurable enterprise workflows, the company said.
"At a time when loan fraud in India has surged, with RBI data indicating a 229% rise to over Rs 33,000 crore in FY25, early-stage intelligence is becoming critical. Fexo's platform is designed to detect discrepancies and risk signals at the origination stage itself, helping institutions strengthen fraud prevention and reduce downstream NPAs," the statement read.
Kaustubh K, Founder and CEO of Fexo, said, "Our platform removes document bottlenecks and enables faster, evidence-backed decisions for first-mile interactions, helping clients scale rapidly without increasing headcount."