Floowed is an AI-powered credit application automation platform designed to transform raw credit applications into decision-ready analysis. It eliminates manual data entry and streamlines the entire loan processing workflow for financial institutions.
Targeted at lenders, credit teams, and financial institutions, Floowed empowers them to make faster, more accurate lending decisions.
Key Features:
Floowed is invaluable for credit teams burdened by manual data entry and document organization. It frees analysts from administrative tasks, allowing them to focus on risk assessment and decision-making. For instance, a Head of Credit Operations can cut review time by over 80% and improve audit accuracy by automating the sifting through bank statements and validating documents. CEOs of NBFIs can gain confidence in every decision by instantly flagging inconsistencies that might signal fraud.
The platform automates key steps in the credit workflow, including document intake, standardization, data extraction, validation, fraud checks, risk scoring, and custom metrics generation. This allows lenders to process a wide range of loan types, from SME and personal loans to mortgages and auto loans, with enhanced efficiency and accuracy. It also supports various document types like bank statements, payslips, KYC documents, invoices, and even poorly formatted PDFs, making it versatile for finance, insurance, legal, and HR sectors.
Pricing Information:
Floowed offers a free trial that includes access to the Core plan with $100 in credits, allowing users to explore the platform's capabilities. Integrations with existing systems are available starting from the Scale plan, while advanced controls like Single Sign-On (SSO) and Service Level Agreements (SLA) are part of the Enterprise plan.
User Experience and Support:
The platform features a low-code/no-code interface, enabling users to easily design and customize AI-driven underwriting workflows. This ensures the system works exactly as required by the business, with audit-ready precision. While specific support channels aren't detailed, the option to "Chat with our Team" and "Book a Demo" suggests direct interaction and guidance are available.
Technical Details:
Floowed leverages advanced OCR (Optical Character Recognition) and AI models, specifically optimized for lending, to achieve its high accuracy rates. These intelligent processors are built to capture, extract, and organize financial data from various document types, including unstructured files, with unmatched precision.
Pros:
Floowed offers a powerful, AI-driven solution for automating and optimizing credit application processing, freeing credit teams to focus on strategic decision-making. Its unparalleled accuracy, speed, and cost-efficiency make it an essential tool for financial institutions looking to modernize their lending operations. Explore Floowed today to transform your application process and gain a competitive edge.
Targeted at lenders, credit teams, and financial institutions, Floowed empowers them to make faster, more accurate lending decisions.
Key Features:
- 99.7% Accuracy Rate: Ensures reliable data extraction and validation, even from low-quality documents.
- 2-4x Faster Decisioning: Significantly reduces time-to-offer, enabling lenders to be first to say "Yes."
- 40-70% Lower Cost Per Application: Scales loan books without increasing headcount by automating repetitive tasks.
- Intelligent Data Validation: Beyond basic OCR, it validates data against specific rules and flags inconsistencies.
- Fraud Detection: Instantly flags anomalies, inconsistencies, and potential fraud across documents.
- Customizable Workflows & Metrics: Design AI-driven underwriting workflows and generate custom metrics tailored to specific business needs (SME, retail, mortgage, auto loans).
Floowed is invaluable for credit teams burdened by manual data entry and document organization. It frees analysts from administrative tasks, allowing them to focus on risk assessment and decision-making. For instance, a Head of Credit Operations can cut review time by over 80% and improve audit accuracy by automating the sifting through bank statements and validating documents. CEOs of NBFIs can gain confidence in every decision by instantly flagging inconsistencies that might signal fraud.
The platform automates key steps in the credit workflow, including document intake, standardization, data extraction, validation, fraud checks, risk scoring, and custom metrics generation. This allows lenders to process a wide range of loan types, from SME and personal loans to mortgages and auto loans, with enhanced efficiency and accuracy. It also supports various document types like bank statements, payslips, KYC documents, invoices, and even poorly formatted PDFs, making it versatile for finance, insurance, legal, and HR sectors.
Pricing Information:
Floowed offers a free trial that includes access to the Core plan with $100 in credits, allowing users to explore the platform's capabilities. Integrations with existing systems are available starting from the Scale plan, while advanced controls like Single Sign-On (SSO) and Service Level Agreements (SLA) are part of the Enterprise plan.
User Experience and Support:
The platform features a low-code/no-code interface, enabling users to easily design and customize AI-driven underwriting workflows. This ensures the system works exactly as required by the business, with audit-ready precision. While specific support channels aren't detailed, the option to "Chat with our Team" and "Book a Demo" suggests direct interaction and guidance are available.
Technical Details:
Floowed leverages advanced OCR (Optical Character Recognition) and AI models, specifically optimized for lending, to achieve its high accuracy rates. These intelligent processors are built to capture, extract, and organize financial data from various document types, including unstructured files, with unmatched precision.
Pros:
- Exceptional 99.7% data extraction accuracy.
- Significantly accelerates decision-making and time-to-offer.
- Reduces operational costs per application.
- Automates fraud detection and flags anomalies.
- Highly customizable workflows and metric generation.
- Seamless integration with existing lending tech stacks (LOS, CRMs, core banking).
- Supports a broad range of document and loan types.
- Advanced integration features (APIs, low-code connectors) are available from Scale plan and above.
- Enterprise-grade security features (SSO, SLA) are exclusive to the Enterprise plan.
- While user-friendly, customizing complex workflows might require some initial learning.
Floowed offers a powerful, AI-driven solution for automating and optimizing credit application processing, freeing credit teams to focus on strategic decision-making. Its unparalleled accuracy, speed, and cost-efficiency make it an essential tool for financial institutions looking to modernize their lending operations. Explore Floowed today to transform your application process and gain a competitive edge.
Comments
Publisher
michel floowed
Launch Date2026-02-17
Platformweb
Pricingfreemium
Tech Stack
#AI#OCR#web
