This regular blog series will showcase partners and the innovative solutions they’ve built that are powered by the Apache Fineract and Mifos X platforms. These case studies will demonstrate your solution to end users who are seeking to use them as well as show other partners in the community how they too can leverage the Apache Fineract platform to build their own solutions powered by an open source core banking infrastructure.
Traditionally lending has been a slow & complex process, filled with manual interventions. SoftiDoc’s technology aims to drastically change the loan disbursal process, bringing transparency, cutting down on the time & effort to grant loans. This is achieved by levering cutting edge AI & the banking solutions offered by Mifos.
SoftiDoc uses optical character recognition to read bank statements uploaded by users. These statements are then processed by machine learning models to assess the loan eligibility of the customer. All these services are tied together by Mifos, which provides all the traditional banking requirements from a digital disbursal to a digital ledger for seamless integration.
Business Meets Technology!
Overview of the Team/Company
SoftiDoc is an AI solutions provider specialising in a boutique of products to achieve financial inclusion. They specialise in application development & complex system integration leveraging artificial intelligence to address banking challenges and needs. SoftiDoc has leveraged MIFOS to develop a digital core banking system that incorporates their AI prebuilt boutique components.
SoftiDoc was started by Jeremy Engelbrecht in April 2020. Jeremy has a range of experience in the finance industry working in various roles through the years. He has a masters in computer, data science from the University of Liverpool. He has leveraged his experience & knowledge of Neural Networks to kick start SoftiDoc with 5 developers.