Tonik completes shift to AI-based credit decisioning

Digital bank Tonik has completed its transition to an artificial intelligence (AI)-driven credit decisioning system to strengthen its risk management and support more inclusive lending. The new system uses AI scorecards for real-time and batch decision-making. It combines more than 1,000 data points, such as device behavior, network data, and repayment patterns, to better assess … Continue reading Tonik completes shift to AI-based credit decisioning