GFT Technologies has unveiled a generative AI-powered credit risk assistant designed to speed lending decisions for private capital firms and banks in the U.S. The tool automates the creation of comprehensive credit reports, reducing timelines from hours or days to mere minutes, while ensuring compliance and accuracy.
“Credit risk assessments have only increased in volume and complexity as the private credit landscape has evolved,” said Rishi Chohan, CEO USA at GFT. “Our AI-powered solution allows analysts to focus on complex risk decisions while automating time-intensive reporting processes.”
How the AI Assistant Works
The tool streamlines several manual tasks previously handled by credit analysts:
- Data aggregation and analysis: Gathers and evaluates vast amounts of financial data in minutes, providing source links for rapid fact-checking.
- Automated risk scoring: Assigns risk scores to reports before analysts review, highlighting areas requiring attention.
- Global market coverage: Processes financial data in any language, enabling multinational scalability.
- Compliance alignment: Configures outputs to meet internal risk policies and local regulatory requirements.
By automating these steps, analysts can spend more time assessing complex credit risk and making higher-value decisions, enabling firms to improve margins and respond faster in a market growing at a 17.5% compound annual growth rate.
Built for Efficiency and Accuracy
Developed at the GFT Innovation Lab, the assistant leverages cloud and AI technologies in real-world simulated environments. Several global asset management firms are already using the solution, reporting significant efficiency gains in credit business units.
The launch reflects a broader trend in finance: AI tools that enhance human expertise rather than replace it, allowing organizations to scale operations while maintaining accuracy and regulatory compliance.
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