Fintern: Revolutionizing Consumer Lending with AI-Powered Credit Decisions

Fintern is a forward-thinking fintech company founded in 2020 that leverages AI, Open Banking, and alternative data to transform the consumer lending landscape in the UK. Through its dual operations—Abound, a consumer lender offering unsecured personal loans up to £10,000, and Render, a cutting-edge AI credit decisioning platform—Fintern delivers faster, more accurate, and fairer lending assessments by analyzing real-time bank transaction data. With a proven track record of reducing default rates by 70% compared to industry benchmarks and backed by over £500 million in investment, Fintern combines regulatory compliance, fraud prevention, and data privacy to build trust and accessibility in financial services. Its innovative approach makes it a powerful solution for individuals seeking fairer loan access and businesses aiming to modernize credit risk evaluation.

Key Features:

• AI Credit Decisioning (Render): Real-time analysis of bank transaction data for improved credit assessment.
• Alternative Data Integration: Uses non-traditional financial signals to evaluate creditworthiness.
• Open Banking Compatibility: Leverages secure, real-time banking data to enhance lending decisions.
• Fairer Lending Practices: Reduces bias and increases access for underserved borrowers.
• Regulatory Compliance: Authorized and regulated by the Financial Conduct Authority (FCA).
• Fraud Prevention: Member of Cifas, the UK’s leading anti-fraud association.
• Data Privacy Assurance: Registered with the Information Commissioner's Office (ICO).
• High Default Rate Reduction: Achieved 70% lower default rates than market expectations.
• Scalable Lending Infrastructure: Supports rapid expansion of affordable loan offerings.

Pricing: Fintern operates on a freemium model, offering foundational credit decisioning insights and tools for free while providing advanced, enterprise-grade features and integrations through paid tiers tailored for financial institutions and lenders.

Conclusion: Fintern stands at the forefront of ethical, data-driven lending with its intelligent AI platform that not only improves financial inclusion but also strengthens risk management—making it a trusted innovation for modern consumer finance.