LendFast - Financial Data Analysis
LendFast is an AI-powered financial analysis platform that helps lenders and financial institutions analyze financial documents up to 10x faster. It automatically extracts financial data from different financial statements, calculates key ratios, and provides instant risk assessments with clear scores. This reduces underwriting time, improves decision accuracy, and seamlessly integrates with existing lending workflows.
Industry
Finance
Business Type
SaaS Platform
Key Features
AI Document Processing, Financial Ratio Analysis & Risk Assessment
Impact & Results
LendFast streamlined financial analysis by automating document extraction, ratio calculations, and risk scoring. Lenders reduced underwriting time, minimized errors, and accelerated loan decisions, without disrupting existing workflows.
Challenges
As lending volumes increased, underwriters and analysts were overwhelmed with manual financial document processing. Extracting data from PDFs, calculating ratios, and assessing financial health took excessive time and introduced human errors. The key challenges included:
Manual Processing Overload
Analysts spent hours manually extracting financial data, reducing time for strategic credit analysis.
Slow Loan Decision Times
Manual processes delayed financial evaluations and extended time-to-approval for loan applications.
Inconsistent Risk Assessment
Financial ratio calculations varied between analysts, leading to inconsistent risk evaluations and decision-making.
Scattered Financial Data
Information from documents, calculations, and assessments was stored across different systems, making it difficult to get a comprehensive view of borrower financial health.
How LendFast Transforms Financial Analysis with AI?
LendFast makes financial analysis faster and easier by automating the most time-consuming parts of document processing. It uses AI to read complex financial statements, extract key data points, calculate important financial ratios, and create clear risk assessments. This helps lenders quickly evaluate borrower creditworthiness, cut manual work, speed up loan decisions, and lower underwriting risks.
Our Approach
F22 Labs built LendFast as a comprehensive AI-powered financial analysis platform. We followed our proven four-step process discovery, design, development, and deployment to bring the product from concept to market:
01
Discovery & Scope Mapping
02
System Architecture & Design
03
Development
04
Deployment
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Solutions - A Few Key Features that we built
1. AI Document Processing
Automatically extracts financial data from balance sheets, income statements, and cash flow statements with high accuracy and speed.
2. Financial Ratio Calculations
Runs automated calculations for liquidity, solvency, and leverage ratios with configurable risk thresholds for different lender requirements.
3. Real-time Risk Assessment
Generates instant risk evaluations using calculated ratios, industry benchmarks, and customizable lender criteria.
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