Product Introduction
- Overview: Floowed is an AI-powered credit application automation platform that transforms unstructured financial data into standardized, decision-ready analysis for lending institutions.
- Value: Eliminates 80%+ of manual underwriting work by automating financial validation and risk assessment with bank-grade accuracy.
Main Features
- AI-Powered Document Processing: Uses NLP and computer vision to extract financial data from tax returns, bank statements, and balance sheets with 99.7% field-level accuracy.
- Automated Compliance Validation: Cross-references application data against global regulatory frameworks (KYC, AML, Basel III) and credit bureau APIs in real-time.
- Predictive Risk Scoring: Generates machine learning-driven credit risk assessments using historical repayment data and macroeconomic indicators.
Problems Solved
- Challenge: Manual credit analysis causes 72-hour+ decision delays and 15-20% error rates in traditional underwriting.
- Audience: Commercial banks, fintech lenders, and credit unions processing high-volume loan applications.
- Scenario: Automates 90% of SME loan underwriting tasks - from cash flow analysis to debt-to-income ratio validation - cutting approval times to under 4 hours.
Unique Advantages
- Vs Competitors: Only platform combining OCR accuracy auditing with dynamic compliance rule engines, reducing false positives by 63% compared to rule-based systems.
- Innovation: Patented ensemble AI model that continuously learns from credit decision outcomes to refine risk prediction algorithms.
Frequently Asked Questions (FAQ)
- How does Floowed ensure data security? All processing occurs in SOC 2-compliant environments with end-to-end encryption and PII redaction capabilities.
- What financial documents can Floowed analyze? Processes 200+ document types including IRS tax forms, bank statements, profit/loss statements, and international financial reports.
- Can it integrate with existing loan origination systems? Provides RESTful API connectors for seamless integration with major LOS platforms like nCino, BytePro, and Finastra.
