DMI Finance Becomes First Indian Customer For ACTICO’s Machine Learning Platform

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  • The ACTICO Machine Learning platform was launched in India in May 2019.
  • It enables companies to quickly generate machine learning models, combine them with business rules and operationalize both for AI-powered automation.
Source: ACTICO

ACTICO, a global leader in providing software for intelligent automation, has reportedly signed non-banking financial company DMI Finance as its first Indian customer for its Machine Learning platform.

DMI Finance has also made an investment in the platform to apply intelligent technologies to optimize and automate decision-making processes at scale.

The Machine Learning capability of the platform provides a vital toolkit for banks, NBFCs as well as for the new age Fintech companies to unearth insights from ever-increasing quantities of data, explains Ajit Shah, Managing Director- APAC, Middle East and Africa, ACTICO.

DMI Finance has been working with the platform since April 2018. It enables the company to take real-time decisions across the lending lifecycle – from credit scoring and decision-making to loan disbursals.

Speaking about extending their partnership with ACTICO, Shivashish Chatterjee, Co-Founder & Managing Director of DMI Finance, said, “We believe ACTICO’s Machine Learning platform is a strategic addition to our technology stack and will help us achieve scale without meaningful additions to our team.”

How companies can benefit from ACTICO Machine Learning platform

Launched in India in May 2019, the ACTICO Machine Learning platform allows integration of the ‘predictive’ capability of Machine Learning models in the decision-making process in a business. It enables companies to quickly generate machine learning models through automated data analysis, combine them with business rules and operationalize both for AI-powered automation.

The predictive models generated can be used to optimize business outcomes in case of numerous intelligent automation scenarios across business lifecycle, like product recommendations, fraud detection and risk management.

A key benefit of the ACTICO Machine Learning platform is that it enables machine learning models to be automatically retrained and facilitates their rapid deployment.

ACTICO offers two kinds of pricing options to cater to diverse customer requirements. Companies can either license the technology or – take an annual subscription.

In the first phase, Ajit Shah says, the company is targeting banks and financial institutions in India and plans to extend the offering to other industries in the near future.

 

Inputs: ANI/BusinessWire India

Longjam Dineshwori

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