Transformative role of AI and machine learning in lending

On December 3rd, HES FinTech and GiniMachine co-organized the Microfinance Centre Technology Action Group meeting for a thought-provoking discussion on the transformative role of AI and machine learning in lending.

🔵Ivan Kovalenko, CEO and Co-Founder of HES FinTech, shared strategic insights into the evolving lending landscape.
🔵Andre Kravchenko, SVP, Business Development & Global Partnerships at HES FinTech, explored how industry-level collaboration can bridge gaps in credit data.
🔵Tatyana Kovalenko, R&D lead at GiniMachine, and Mark Rudak, ML Product Owner at  GiniMachine, showcased the power of data-driven scoring, as well as outlined practical challenges of ML adoption, including benchmarking and data preparation.

GiniMachine and its partner Silk Data demonstrated in a joint business case how AI scoring and intelligent data extraction tools, when conceived together, form a comprehensive solution to real-world problems.

Nikolai Karelin, Head of ML/AI at SilkData, explained the process of data extraction, cleaning and transformation preceding the modeling stage.

Key takeaways:

• Beyond models: It’s not just about having a scoring model; understanding portfolio quality and identifying key feature weights are critical for driving informed decisions.
• Data synergy: Accessing broader, industry-level data unlocks valuable insights, especially for early stage MFIs in regions where credit bureaus are underdeveloped.
• Collaboration opportunities: GiniMachine’s intuitive drag-and-drop interface makes it easy for teams to experiment and validate scoring models, even without a dedicated data science team.

The discussion emphasized the importance of starting small and iterating. Exploring these technologies now ensures you stay ahead in a rapidly evolving industry.

The next meeting on December 11th will dive into embedded finance for business lending, highlighting real-world integrations already making an impact in Bulgaria and beyond.

#FinTech #LendingInnovation #Collaboration #AI #HESFinTech #GiniMachine