IDFC FIRST Bank wins Award for ‘Best use of AI for Credit Decisioning’

We are happy to announce that IDFC FIRST Bank has won the award for 'Best use of Al for Credit Decisioning' at the 6th India Banking Summit and Awards, held on June 9th & 10th 2022 that saw participation of a number of major banks and fintech organisations.

We started our journey to create a data-driven, new age Bank, able to cater not only to the affluent and mid-income segments but also to the under-banked and un-banked population. In the process, we have built a highly talented analytics unit, aided by a robust infrastructure and best-in-class training.

Within a short span of time, our team has built more than 50+ machine-learning models catering to various use-cases across the bank and enabling us to go beyond the practice of traditional credit underwriting. We have also leveraged several alternate data sources like data from telecom companies and payment aggregators. We continue to test the models across the spectrum extensively to help us evolve and refine our credit decision making.

Please join us in congratulating the team.