Latest news with #AjayPandey
Business Standard
5 days ago
- Business
- Business Standard
CARD91 Launches AI-Powered UPI Credit Scoring Engine to Enable Smarter Lending and Drive Financial Inclusion
PRNewswire Bangalore (Karnataka) [India], August 7: CARD91, a leading payments infrastructure provider, has launched its AI-powered UPI Credit Scoring Engine--a behavioural Business Rules Engine (BRE) that transforms real-time UPI transaction data into dynamic, actionable credit scores. Built to go beyond traditional bureau-based assessments, the solution enables banks, NBFCs, and fintechs to underwrite and pre-approve thin-file and new-to-credit customers with greater confidence--enhancing approval rates, reducing default risk, and driving financial inclusion. Ajay Pandey, CEO of CARD91, commented: "Millions of deserving borrowers remain underserved due to limited or no bureau history. Our AI-powered UPI Credit Scoring Engine redefines risk assessment--enabling lenders to extend credit responsibly while protecting their portfolios." Core Capabilities - Behavioural Credit Scoring (0-100) Uses machine learning to analyze real-time UPI transaction patterns--frequency, value, and categories--to compute a behavioural score, independent of traditional bureau history. - Customizable Eligibility Filters Filter applicants based on income range, transaction history, location, or demographic data to align with one's credit product's risk appetite. - Real-Time & Bulk Score Generation Generate scores instantly via API or in batches--seamlessly integrated into onboarding or underwriting workflows. - Automated Risk Segmentation Automatically classify customers into High, Medium, or Low risk bands based on scoring thresholds tailored to one's business rules. - Configurable Approval Matrix Map risk bands to decision flows--auto-approve, flag for manual review, or reject--reducing manual intervention and improving turnaround time. - Bureau Score Benchmarking Compare behavioural UPI scores with bureau ratings to measure uplift, validate credit decisions, and improve portfolio segmentation. Reimagine Lending with CARD91 Compliant, scalable, and AI-driven, CARD91's UPI Credit Scoring Engine enables lenders to modernize underwriting, reach underserved segments, and scale responsibly. It is built for banks, NBFCs, and digital lenders. It works seamlessly for institutions offering Credit Cards, Credit Lines, Personal Loans, and BNPL products--helping them extend credit confidently to thin-file and new-to-credit segments. About CARD91 CARD91 is a Payments Infrastructure company providing unparalleled technology infrastructure to Banks and other Regulated Entities. The company offers complete tech stacks for PPI, Credit, Multi-Currency, UPI Switch, Credit Line on UPI, UPI Credit Score Engine, Merchant Management, and Merchant Onboarding (with fraud checks). With a team strength of 70+ professionals, CARD91 operates across key financial hubs, including Bangalore, Mumbai, Delhi, and Chennai.
The Wire
5 days ago
- Business
- The Wire
CARD91 Launches AI-Powered UPI Credit Scoring Engine to Enable Smarter Lending and Drive Financial Inclusion
BANGALORE, India, Aug. 7, 2025 /PRNewswire/ -- CARD91, a leading payments infrastructure provider, has launched its AI-powered UPI Credit Scoring Engine—a behavioural Business Rules Engine (BRE) that transforms real-time UPI transaction data into dynamic, actionable credit scores. Built to go beyond traditional bureau-based assessments, the solution enables banks, NBFCs, and fintechs to underwrite and pre-approve thin-file and new-to-credit customers with greater confidence—enhancing approval rates, reducing default risk, and driving financial inclusion. Ajay Pandey, CEO of CARD91, commented: "Millions of deserving borrowers remain underserved due to limited or no bureau history. Our AI-powered UPI Credit Scoring Engine redefines risk assessment—enabling lenders to extend credit responsibly while protecting their portfolios." Core Capabilities • Behavioural Credit Scoring (0–100) Uses machine learning to analyze real-time UPI transaction patterns—frequency, value, and categories—to compute a behavioural score, independent of traditional bureau history. • Customizable Eligibility Filters Filter applicants based on income range, transaction history, location, or demographic data to align with one's credit product's risk appetite. • Real-Time & Bulk Score Generation Generate scores instantly via API or in batches—seamlessly integrated into onboarding or underwriting workflows. • Automated Risk Segmentation Automatically classify customers into High, Medium, or Low risk bands based on scoring thresholds tailored to one's business rules. • Configurable Approval Matrix Map risk bands to decision flows—auto-approve, flag for manual review, or reject—reducing manual intervention and improving turnaround time. • Bureau Score Benchmarking Compare behavioural UPI scores with bureau ratings to measure uplift, validate credit decisions, and improve portfolio segmentation. Reimagine Lending with CARD91 Compliant, scalable, and AI-driven, CARD91's UPI Credit Scoring Engine enables lenders to modernize underwriting, reach underserved segments, and scale responsibly. It is built for banks, NBFCs, and digital lenders. It works seamlessly for institutions offering Credit Cards, Credit Lines, Personal Loans, and BNPL products—helping them extend credit confidently to thin-file and new-to-credit segments. About CARD91 CARD91 is a Payments Infrastructure company providing unparalleled technology infrastructure to Banks and other Regulated Entities. The company offers complete tech stacks for PPI, Credit, Multi-Currency, UPI Switch, Credit Line on UPI, UPI Credit Score Engine, Merchant Management, and Merchant Onboarding (with fraud checks). With a team strength of 70+ professionals, CARD91 operates across key financial hubs, including Bangalore, Mumbai, Delhi, and Chennai. For more information, visit or contact sales@ Logo: (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI This is an auto-published feed from PTI with no editorial input from The Wire.
The Wire
28-07-2025
- Business
- The Wire
CARD91 Launches AI-Powered Merchant Verification and Classification Suite to Simplify and Secure Onboarding
BANGALORE, India, July 28, 2025 /PRNewswire/ -- CARD91, a leading payments infrastructure provider, has introduced a secure and compliant AI-led Merchant Onboarding, Verification, and Classification Suite to streamline onboarding, reduce fraud, and ensure regulatory compliance for banks and payment aggregators. The solution leverages AI/ML algorithms for real-time risk assessment, merchant verification, and automated classification, enabling institutions to onboard merchants swiftly and confidently. Ajay Pandey, CEO of CARD91, remarked: "Merchant onboarding has long been plagued by fragmented processes and compliance challenges. With our AI-powered suite, we're enabling banks and aggregators to move faster, reduce fraud, and stay fully compliant—while delivering a seamless onboarding experience for their merchants." Key Features of the Solution Include: • AI/ML Risk Assessment Classify merchants by risk level—High, Medium, or Low—using advanced AI/ML algorithms. • Comprehensive Verification Verify merchant data through an intelligent analysis of trusted, publicly available data sources and critical elements of the merchant's digital footprint. • Bulk Reclassification Reclassify misrepresented merchants at scale for accurate data and compliance. • Smart MCC Mapping Leverage advanced natural language search for precise MCC assignments. • Score-Based Limits Set collection and transaction limits based on merchant risk scores. • Streamlined DIY Onboarding Enable secure, self-service onboarding flows within your merchant acquiring journey, with embedded verification and classification checks. The solution equips acquiring institutions with the ability to: • Mitigate Risk: Instantly flag and eliminate high-risk merchants using system intelligence. • Protect Revenue: Avoid leakage due to pricing errors or incorrect merchant categorization. • Stay Compliant: Ensure end-to-end adherence to AML/KYC norms and evolving RBI guidelines. • Improve Efficiency: Automate manual processes to reduce delays and operational overhead. • Derisk Portfolios: Build a clean, trustworthy merchant base for banking products like Current Accounts and Corporate Credit. How It Works: The platform collects merchant data with consent, verifies authenticity, assigns risk levels using AI models, and maps MCC codes accurately. Actionable risk scores are generated to inform decisions, with built-in workflows to reclassify and configure limits dynamically. Reimagine Merchant Acquiring with CARD91 With its secure, compliant, and scalable suite, CARD91 continues to redefine payment infrastructure in India. The Merchant Onboarding Suite is now available for deployment by acquiring institutions looking to modernize and future-proof their operations. About CARD91 CARD91 is an Issuance Platform-as-a-Service company providing unparalleled technology infrastructure to banks, prepaid license holders, and authorized dealers. The company enables them to issue various payment instruments (PPI, Credit Cards, Multi-currency Cards, UPI, and now, Credit Line on UPI) to their customers—ensuring seamless issuance and enhanced control. CARD91's support for multiple use cases aligns with its vision of making issuance seamless and swift for Issuers. With a team of 100 professionals, CARD91 operates across key financial hubs, including Mumbai, Bangalore, Delhi, and Chennai. For more information, visit or contact sales@
Business Standard
28-07-2025
- Business
- Business Standard
CARD91 Launches AI-Powered Merchant Verification and Classification Suite to Simplify and Secure Onboarding
PRNewswire Bangalore (Karnataka) [India], July 28: CARD91, a leading payments infrastructure provider, has introduced a secure and compliant AI-led Merchant Onboarding, Verification, and Classification Suite to streamline onboarding, reduce fraud, and ensure regulatory compliance for banks and payment aggregators. The solution leverages AI/ML algorithms for real-time risk assessment, merchant verification, and automated classification, enabling institutions to onboard merchants swiftly and confidently. Ajay Pandey, CEO of CARD91, remarked: "Merchant onboarding has long been plagued by fragmented processes and compliance challenges. With our AI-powered suite, we're enabling banks and aggregators to move faster, reduce fraud, and stay fully compliant--while delivering a seamless onboarding experience for their merchants." Key Features of the Solution Include: * AI/ML Risk Assessment Classify merchants by risk level--High, Medium, or Low--using advanced AI/ML algorithms. * Comprehensive Verification Verify merchant data through an intelligent analysis of trusted, publicly available data sources and critical elements of the merchant's digital footprint. * Bulk Reclassification Reclassify misrepresented merchants at scale for accurate data and compliance. * Smart MCC Mapping Leverage advanced natural language search for precise MCC assignments. * Score-Based Limits Set collection and transaction limits based on merchant risk scores. * Streamlined DIY Onboarding Enable secure, self-service onboarding flows within your merchant acquiring journey, with embedded verification and classification checks. The solution equips acquiring institutions with the ability to: * Mitigate Risk: Instantly flag and eliminate high-risk merchants using system intelligence. * Protect Revenue: Avoid leakage due to pricing errors or incorrect merchant categorization. * Stay Compliant: Ensure end-to-end adherence to AML/KYC norms and evolving RBI guidelines. * Improve Efficiency: Automate manual processes to reduce delays and operational overhead. * Derisk Portfolios: Build a clean, trustworthy merchant base for banking products like Current Accounts and Corporate Credit. How It Works: The platform collects merchant data with consent, verifies authenticity, assigns risk levels using AI models, and maps MCC codes accurately. Actionable risk scores are generated to inform decisions, with built-in workflows to reclassify and configure limits dynamically. Reimagine Merchant Acquiring with CARD91 With its secure, compliant, and scalable suite, CARD91 continues to redefine payment infrastructure in India. The Merchant Onboarding Suite is now available for deployment by acquiring institutions looking to modernize and future-proof their operations. About CARD91 CARD91 is an Issuance Platform-as-a-Service company providing unparalleled technology infrastructure to banks, prepaid license holders, and authorized dealers. The company enables them to issue various payment instruments (PPI, Credit Cards, Multi-currency Cards, UPI, and now, Credit Line on UPI) to their customers--ensuring seamless issuance and enhanced control. CARD91's support for multiple use cases aligns with its vision of making issuance seamless and swift for Issuers. With a team of 100+ professionals, CARD91 operates across key financial hubs, including Mumbai, Bangalore, Delhi, and Chennai.
Yahoo
27-05-2025
- Business
- Yahoo
CARD91 unveils UPI acquiring solution for merchant payments
Indian fintech firm CARD91 has introduced its full-stack UPI acquiring solution to enhance payment collection processes for merchants and corporate entities. This solution is part of CARD91's Blitz platform and is designed to provide a 'regulatory-compliant' infrastructure for issuers and other participants in the payment ecosystem. The new offering features a do-it-yourself merchant onboarding process, which includes AI-powered checks to mitigate fraud risks and streamline onboarding. It also facilitates instant virtual payment address (VPA) creation and the generation of QR codes, both static and dynamic, to accommodate various transaction scenarios. CARD91 CEO Ajay Pandey said: "This launch represents a pivotal step in our mission to transform UPI acquiring infrastructure in India. From empowering micro-merchants to supporting corporate acquiring, our platform is built for scale, resilience, and adaptability. We are committed to enabling our partners to grow confidently in an increasingly dynamic digital payments landscape." Transaction lifecycle management is a core component of the solution, encompassing the stages of reconciliation & settlements and portals for banks and merchants. For corporate clients, the platform offers bulk disbursal and collection capabilities through Netbanking and it is an API-first architecture solution, integrating with documented endpoints and response codes. Additionally, the platform includes a feature for UPI initial public offering (IPO) management, allowing for IPO applications via applications supported by blocked amount (ASBA) through UPI. CARD91's solution is certified for UPI 2.0 acquiring and is designed to support high transaction volumes, with capabilities exceeding 2000 transactions per second, maintaining near-zero technical declines, and achieving 99.99% uptime. The solution includes mobile applications and web portals for merchants, as well as centralised UPI control centres for banks, and is deployable on cloud infrastructure. CARD91 is a Platform-as-a-Service company that provides technological infrastructure to banks, prepaid licence holders, and authorised dealers, facilitating the issuance of various payment instruments including prepaid payment instruments (PPI), credit cards, multi-currency cards, UPI, and credit lines on UPI. "CARD91 unveils UPI acquiring solution for merchant payments " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
