ACTICO signs DMI Finance as its first Indian customer for the machine learning offering

ACTICO announced DMI Finance as its first Indian customer for its new product, ACTICO Machine Learning. DMI Finance has been working with the platform since April 2018 to enable real-time decisions across the lending lifecycle - from credit scoring and decisioning to loan disbursals. DMI Finance has also made an investment in ACTICO Machine Learning to apply intelligent technologies to optimize and automate decision-making processes at scale.

Speaking on this partnership, Shivashish Chatterjee, co-founder and managing director, DMI Finance said: “We are happy to extend our already successful partnership with ACTICO. Machine Learning is an integral part our decisioning capabilities - in line with our focus of making the best credit decision in the least amount of time. We believe ACTICO’s Machine Learning platform is a strategic addition to our technology stack and will help us achieve scale without meaningful additions to our team.”

Speaking on the new customer win, Ajit Shah, managing director- APAC, Middle East and Africa, ACTICO, said: “We are thrilled to deepen our association with DMI. The Machine Learning capability of our platform provides a vital toolkit for Banks, NBFCs as well as for the new age Fintech companies to unearth insights from ever-increasing quantities of data. We strongly believe that, in the future, a combination of human intelligence and data insights will help firms take optimum decisions and this will continue to be the guiding philosophy for our product development endeavors.”