Intellect Design Arena has launched PF Credit in the Philippines, a suite of digital experts powered by Purple Fabric (PF). Designed to enhance lending capabilities for Philippine banks, the specialised suite aims to revolutionise the speed, accuracy, and compliance of lending operations. PF Credit addresses the need for faster and more inclusive digital lending, ensuring adherence to local regulations and leveraging advanced Large Language Models.
PF Credit Launch in the Philippines
Intellect Design Arena Ltd has introduced PF Credit in the Philippines, following its global launch. This specialised suite of Digital Experts, built on Intellect’s enterprise-grade Open Business Impact Al platform Purple Fabric (PF), is set to transform lending operations for Philippine banks.
Revolutionizing Lending Operations
PF Credit is designed to revolutionise the speed, accuracy, and compliance of lending operations for Philippine banks. It addresses the critical need for faster, more inclusive digital lending by leveraging advanced Large Language Models (LLMs) and deep domain intelligence tailored to the Philippine market, ensuring strict adherence to local regulations such as BSP, AMLC, and Data Privacy Act standards.
Key Features of PF Credit
PF Credit encompasses five distinct domain-rich Digital Experts, each designed to address specific challenges across the entire loan lifecycle, from origination to collections and servicing:
- Loan Origination Digital Expert: Accelerates onboarding by up to 10X by instantly extracting and validating data from key Philippine documents, such as PhilSys IDs, UMID, and Driver’s Licenses, reducing manual processing time.
- Loan Underwriting Digital Expert: Lowers non-performing asset (NPA) risk by up to 30% and improves credit decision-making speed and accuracy by analyzing identity documents and financial records.
- Loan Customer Service Digital Expert: Boosts customer satisfaction by autonomously resolving over 80% of inquiries through an AI-enabled Multilingual Assistant.
- Loan Operations Management Digital Expert: Achieves up to 30% reduction in operational costs by eliminating manual processes.
- Loan Collections Digital Expert: Boosts recovery rates by up to 20% and agent productivity by up to 25% through Intelligent Case Allocation.
Executive Insight
Rajesh Saxena, CEO of Consumer Banking at Intellect Design Arena, stated that the Philippines presents a dynamic growth opportunity with a strong emphasis on digital transformation and financial inclusion. He highlighted the company’s commitment to empowering Philippine banks to deliver inclusive, next-generation credit products safely and at scale.
Source: BSE