Judi

Lending software for community lenders

Small business loans for community lenders are the focus of Judi, a lending and analytics platform built by JUDI.AI. Its customers are community financial institutions such as credit unions and banks, along with specialty lenders, which want to make more small business loans. It is cloud-based and uses AI to support credit decisions, and the company says it lets community lenders offer an experience close to that of a fintech lender.

Credit decisions and automated underwriting

The platform handles credit risk analysis and automated underwriting for small business loans. It uses cash flow based underwriting that draws on real-time banking transaction data. The company says this reduces the application, decisioning and documentation process from days or weeks to under ten minutes. It describes its models as multivariate and based on performance data rather than on intuition or outdated financial statements.

Monitoring cash flow after the loan

Cash flow performance is monitored continuously after a loan is made, so that a lender can see how a borrower's business is doing and spot unusual movements. Post-lending growth analytics and portfolio reporting show how a loan book is performing as a whole. The company says the platform helps lenders deepen their relationships with small businesses before and after lending.

Deployment and reported results

The company says the platform is configured to each lender's own policies and can be running in eight weeks or less. It claims a threefold increase in the loan applications processed with no extra staff, and a 20% rise in approval rates at the same default rate. These are the company's own figures.

Who uses it

The company says more than 50 community lenders use the platform. It was built inside a fintech lender before being offered to credit unions, banks and specialty lenders. The company argues that small business lending needs its own process, rather than being handled with consumer or commercial models.