Abwab.ai: Empowering Financial Lending for Small and Medium Enterprises in Saudi Arabia through Artificial Intelligence
During his participation in the 24Fintech Conference, Baraa Koshak, founder of Abwab.ai, discussed his company’s role in transforming the financial lending landscape for small and medium-sized enterprises (SMEs) in Saudi Arabia using advanced AI-powered solutions.
The mission of Abwab.ai is to empower businesses with AI-driven solutions that accelerate and enhance the accuracy of financial analysis and credit assessment while tailoring these solutions to meet the specific needs of each client. The company aims to transform complex financial processes, which used to take weeks, into mere minutes, providing deeper and more comprehensive insights into the creditworthiness of potential borrowers.
Abwab.ai is bridging the gap in lending operations by automating the financial underwriting process, which typically takes weeks to complete. By utilizing its technology, the company delivers comprehensive credit reports and deep insights into creditworthiness, making it easier for lenders to evaluate potential borrowers faster and with greater accuracy.
Abwab.ai is one of the companies specializing in offering AI solutions to transform unstructured data into actionable insights. This transformation allows lenders to make smarter and quicker decisions in the lending process. The company is particularly focused on supporting the Saudi market, in line with Saudi Vision 2030, by developing solutions specifically designed to meet the needs of the local market.
