Value Stream:
Assess
Centric’s AI platform automates underwriting, incorporates alternative data, and enforces smarter risk controls—helping lenders approve the right loans, minimise losses, and scale efficiently.
Overview
Credit assessment must be fast, accurate and risk-aware. Centric’s AI platform empowers lenders to automate underwriting, integrate alternative data and enforce smarter risk controls—so you approve the right loans, reduce losses and scale efficiently.
Key Statistics
“Banks that have embedded high-performance credit-decisioning models have seen a 20-40% reduction in credit-loss rates.” (McKinsey & Company, 2021)
“More than 60% of institutions surveyed increased their use of new data types and advanced analytics for credit-portfolio management in the past two years.” (McKinsey & IACPM, 2022)
“Automation and analytics helped a bank reduce cost-per-origination by 30-40% and cut ‘time to yes’ from 24-48 hours to about 4 minutes.” (McKinsey, “Digitizing credit risk trims costs…”, 2023)
Slow underwriting & decisioning
Manual reviews, legacy systems and missing data delay loan approvals.
Poor risk visibility
Credit decisions rely on limited traditional data, missing fraud, alternative signals and affordability dynamics.
High cost of originations
Underwriters spend time on low value risk cases; processes are fragmented and inefficient.
Static pricing & terms
Pricing and credit terms don’t adapt to individual risk, missing profitability opportunities.
Disjointed systems & models
Underwriting logic, workflow tools and risk models are siloed, slow to update.
Customers abandon or go elsewhere; cost per decision remains high.
Rising defaults; regulatory pressure; competitive risk of new entrants.
Cost base pressures; yield compression.
Margin erosion; competitors gain advantage.
Analyze competitor performance and market positioning to uncover opportunities and inform future growth strategies.
Centric AI automates underwriting, delivering instant assessments and faster time-to-yes.
Centric AI integrates bureau, alternative and behavioural data for sharper risk scoring.
Centric AI reduces manual work, drives straight-through-processing and cuts cost per loan.
Centric AI optimises pricing and tenure dynamically based on risk and profit models.
Every churn, upsell, and retention outcome refines predictive models, improving accuracy and portfolio returns.
