AI-Driven Risk & Loan Processing for an NBFC
Sigmacro Technologies developed a next-gen loan underwriting platform for a large NBFC in India. Our system leveraged machine learning models for dynamic credit scoring, reducing approval turnaround time by 55%. The solution included integrations with CIBIL, PAN, and GST APIs to verify KYC and financial records in real time. Fraud detection models flagged anomalies with over 92% accuracy, significantly reducing defaults. The system processed over 1 million loan applications with full audit tracking and compliance automation. settlements.
AI-Based Fraud Detection for an Insurance Aggregator
Sigmacro implemented a fraud detection system for an online insurance aggregator handling motor, health, and life policies. We trained ML models on millions of historical claims to detect fraudulent activities such as repeated claims, document forgery, and fake identities.
The AI engine flagged high-risk claims with 93% accuracy before they reached the verification stage. We also integrated OCR tools to extract data from scanned documents and used real-time validation with PAN, Aadhaar, and IRDAI APIs. The client saw a 42% drop in false claims and saved ₹5 crore annually in operational and payout costs.
End-to-End Loan Origination System for a Digital NBFC
For a fast-growing digital NBFC, we built a complete cloud-native Loan Origination System (LOS) that digitized customer onboarding, KYC, credit underwriting, documentation, and disbursal.
Key features included Aadhaar eKYC, video verification, bureau score integration, and an AI-based credit risk model that assigned scores dynamically. The entire process was completed in under 15 minutes, reducing manual intervention by 80%. The platform scaled to support over 200,000 loans per month, while complying with RBI norms and ensuring full audit trails.
