Axis Finance Launches 'Drishti' Digital Platform

Axis Finance Launches 'Drishti' Digital Platform

• Who: Axis Finance Ltd [AFL] launched Axis Finance Drishti - in-house Business Rules Engine and configurable digital platform to strengthen credit decision-making and risk management across retail and MSME lending.
• Overview: In-house BRE developed by AFL to automate and standardise credit decision-making using advanced analytics, underwriting workflows, statistical scorecards.
• Phase-I: Deployed across Personal Loans, Business Loans, Loan Against Property, Disha Home Loans.
• Features: Configurable, automated policy-driven assessments, real-time decision-making, Straight-Through Processing by integrating workflows, analytics, scorecards, multiple data sources.
• About AFL: Non-deposit-taking NBFC, wholly owned subsidiary of Axis Bank, incorporated 1995, HQ Mumbai.
• UPSC Relevance: GS3 - Financial Technology, NBFC, Credit assessment.