Automating credit appraisal
Generating Credit Appraisal Note was a manual process which involved reading through multiple documents by the credit managers ranging across 300+ pages. This was a time taking process also prone to human errors
Tata Capital Ltd automated the generation of various sections across the credit appraisal note by leveraging Microsoft AI and Generative AI solutions such as Azure Open AI and Azure Document Intelligence. A mechanism to upload input documents such as financials, reports, website links was introduced basis which relevant sections were generated and credit appraisal note along with summary is received as an output
Transforming input and output
Tata Capital automated both the input and output parts for CAM generation. In the input part, extraction of data and information from across multiple source documents were automated. And on the output part, it leveraged Microsoft AI and Generative AI solutions such as Azure Open AI and Azure Document Intelligence.
This has resulted in instant generation of Credit appraisal note which has reduced TAT and enabled higher efficiency and accuracy.
Rajiv Sabharwal
MD & CEO
Tata Capital
At Tata Capital, AI is helping us redefine and transform how we serve our customers. It empowers us to make smarter decisions, improve productivity and create personalised experiences at scale. We want to continue expanding on AI usage to simplify complexities and drive innovation with speed and accuracy
Improved data accuracy for credit managers
Tata Capital offers a range of financial products and services, such as personal loans, home loans, business loans, car loans, two-wheeler loans.
More details at https://www.tatacapital.com
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