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CLIENT
NovaCredit Finance
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TIMELINE
3 months
AI-Powered Loan Application & Verification System
NovaCredit Finance, a fast-growing digital lender, faced bottlenecks in loan application processing and compliance checks. Applications took 3–5 days for manual document verification and risk scoring, leading to customer frustration and drop-offs.
Slow Loan Approvals & High Manual Workload
The operations team manually reviewed income statements, IDs, and credit documents. This not only slowed down approvals but also increased error risk and operational costs.
How can we speed up loan processing while maintaining compliance and accuracy?
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SOLUTIONS
Intelligent Document Processing & Risk Scoring
Aevolve.ai implemented an AI-powered automation system that:
Extracted and verified data from documents using NLP & OCR.
Integrated with APIs (credit bureaus, KYC) for instant checks.
Applied machine learning risk models for faster decision-making.
Automated approval workflows with real-time alerts for exceptions.
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RESULTS
Faster Decisions, Happier Customers
From Days to Minutes: Loan approvals that once took 3–5 days are now completed in under 30 minutes.
Cost Efficiency: Reduced operational costs by cutting manual review workload by 90%.
Customer Retention: Faster approvals led to a 40% increase in customer satisfaction scores.
Scalable System: AI workflows now process thousands of applications monthly without adding headcount.
Regulatory Compliance: Automated verification ensures 99% accuracy while staying compliant with KYC/AML rules.
90%
Reduction in manual work
70%
faster loan processing time (from 3–5 days to same-day)
99%
accuracy in document verification
The AI agent they built saved our team hours every week and improved our response time. It feels like we hired a new team member who never sleeps!
Windi Kulina
CMO of Bima
