#USA #AI #Detroit #Fintech #Credibly

Credibly Unveils Credibly.ai: The Future of Fintech Automation

In a bold move to transform the lending landscape for small businesses, Credibly has announced the launch of Credibly.ai, an innovative platform designed to harness the power of artificial intelligence (AI) and automation in financial technology (fintech). This launch marks a significant step forward in Credibly's mission to enhance the lending experience for its clients through cutting-edge technology and practical solutions.

At the heart of this initiative is a commitment to empowering small businesses with advanced tools that help them manage their financing needs effectively. Minyang Jiang, Credibly's Chief Strategy Officer, emphasized the company's focus on developing meaningful applications using Generative AI, stating, "Credibly was bold from the outset in developing real applications using GenAI – no fluff, just practical, impactful solutions that cut costs and/or increased efficiencies. Our commitment to putting into production real-world applications emphasizes our dedication to empowering small businesses."

Credibly’s utilization of Generative AI has led to multiple patents, signifying its innovative approach to enhancing business outcomes not only within its own operations but with potential applications across various industries. The company's strategic development process has involved every department working collaboratively to ensure that the solutions created are aligned with the needs of small businesses.

As Credibly continues to evolve, it recognizes that the successful implementation of new technology goes beyond mere process changes; it requires an integrated approach to change management. Jiang remarked, "The true challenge lies in managing the transition into new technologies. Balancing people, product, and process is essential to ensure that operations remain smooth while integrating AI innovations within daily workflows." This holistic approach to technology adoption demonstrates Credibly’s insightful understanding of the complexities involved in marrying human elements with technological advancements.

With the launch of Credibly.ai, the company aims to further deepen its capabilities in AI to redefine the customer experience profoundly. Ryan Rosett, the CEO of Credibly, expressed his excitement for the trajectory of the company, revealing, "Future developments are already in the works, with plans to further integrate AI solutions into our lending process and the customer experience. We have learned how to innovate and automate the right way, and our speed to development will only get faster. By layering and connecting these foundational building blocks, we will continue to break the current constraints within the industry to create major breakthroughs in customer experience."

The introduction of Credibly.ai not only invites investors but also fintech enthusiasts to discover the emerging applications that are reshaping the lending landscape. By identifying and addressing the unique needs of small businesses, Credibly hopes to foster growth and opportunity and make a difference in the lives of small business owners. This strategic approach places Credibly at the forefront of the fintech movement, as it seeks to innovate funding solutions that are both efficient and customer-centric.

About Credibly

Founded in 2010, Credibly has emerged as a leader in the fintech lending space, providing over $2.6 billion in capital to more than 50,000 small and medium-sized businesses (SMBs). Its innovative platform not only improves the speed and flexibility of funding but also enhances the user experience through a self-service checkout model. Credibly stands out in the industry for its commitment to risk management and compliance, having made history in 2017 by acquiring the servicing rights to another alternative lender’s portfolio. Throughout challenges like the COVID-19 pandemic, Credibly's steady growth has illustrated its resilience and commitment to supporting small businesses in their quest for financial stability and success.