SILENTFLOOR TECHNOLOGIES PRIVATE LIMITED

In their own words

We intend to take the businesses for being data rich to data intelligent. Our expertise is in the sphere of data-science and machine learning. Peta bytes of data is being created every day. Billions of financial transactions are taking place every day, enabled by online and mobile platforms. Digital initiatives have impacted financial inclusion for the unbanked and under banked. Apart from conventional lending, newer loans are being disbursed through peer-to-peer lending models. Cutting edge technology is being developed to store, retrieve, analyse and update data in a meaningful way to enable a seamless commerce and frictionless experience for the customers. Credit risk assessment is an important use case: We have developed an advanced analytics and machine learning based model to support banks’ debt management operations. The model predicts with high level of confidence the customers 1.) who are likely to become delinquent 2.) who are likely to move into higher stage delinquency and 3.) who are likely to self-cure This dynamic insight would enable lenders to better structure their operations to not only manage operations efficiently at a lower cost but also ensure the risk of the portfolio is reduced and customer experience enhanced. Further ML model development will happen in collaboration with the banks in the domain of KYC, AML, Fraudulent transactions etc. as they all pose risk ways currently not fully understood and anticipated.

Written by the company on its public Startup India profile. Not verified by us.