Digital transformation company GFT Technologies has launched a generative AI-powered credit risk assistant designed to automate credit report creation for private capital firms and banks. The tool gathers and analyzes financial data to create comprehensive credit reports while assigning confidence scores to the information included.
The AI assistant processes financial information in multiple languages and configures reporting outputs to meet internal risk requirements and local compliance obligations, the company said in a news release.
“Credit risk assessments have only increased in volume and complexity as the private credit landscape has changed in recent years,” Rishi Chohan, CEO USA at GFT, said in the news release. The tool was developed at GFT’s Innovation Lab and is being used by several global asset management firms.
