Beehive Fintech, a leading digital lending platform for SMEs, has dramatically enhanced its operational efficiency by integrating Perfios's AI-powered automation solutions. The deployment of the Perfios Nexus platform has resulted in a 48% acceleration of Beehive's loan underwriting process, significantly improving decision speed and risk assessment accuracy. This collaboration, announced at the Singapore Fintech Festival, marks a key step in Beehive's mission to provide faster, data-driven financing to small and medium enterprises.
Quick Intel
Beehive Fintech automated underwriting with Perfios's AI solutions.
The integration cut loan underwriting time by 48%.
The Perfios Nexus platform automates document ingestion and analysis.
The solution improved risk accuracy and due diligence speed.
Beehive plans to expand the use of Perfios tech across the GCC region.
The partnership aims to increase credit access for underserved SMEs.
The core of this transformation is the Perfios Nexus 360 platform, an end-to-end solution for document ingestion, classification, and data extraction. By automating these previously manual and time-intensive tasks, Beehive Fintech has enabled fully automated underwriting workflows. This has not only slashed processing times but also enhanced the precision of risk evaluations, allowing the lender to conduct faster due diligence while maintaining robust governance and making more reliable credit decisions.
The success of this initial deployment has proven so significant that it is now forming the foundation for Beehive Fintech's regional growth strategy. The company has announced plans to expand the use of Perfios's solutions across the Gulf Cooperation Council (GCC) region. This move is designed to strengthen Beehive's entire digital lending infrastructure, enabling it to scale its operations and extend its reach to a broader base of underserved businesses that require swift and accessible financing.
Executives from both companies highlighted the strategic value of the collaboration. "The Perfios Nexus solution has been a game-changer for our underwriting process, enabling us to evaluate applications with greater speed and precision while maintaining strong risk governance," said Abiha Ahmed, Director – Operations & Risk at Beehive Fintech. Pramod Veturi, CEO of International Business at Perfios, added, "Beehive Fintech's rapid success demonstrates how technology can redefine decision-making speed and quality in lending. We're proud to be part of their journey."
The partnership between Beehive Fintech and Perfios exemplifies how AI-driven automation can directly address critical bottlenecks in the financial sector. By transforming a slow, manual underwriting process into a swift, data-intelligent operation, Beehive is not only improving its own efficiency but also fulfilling its core mission: to make business financing faster, simpler, and more accessible for SMEs, a vital driver of economic growth.
About Beehive :
Founded in 2014, Beehive is the first digital SME lending platform in the MENA region to be regulated by the DFSA and by the FSA in Oman. Beehive connects businesses seeking finance with investors willing to support their growth, offering a faster and more flexible funding option for SMEs. Through technology and a commitment to supporting regional businesses, Beehive has become a trusted partner for SMEs across the GCC.
Learn more at https://www.beehive.ae. In the UAE, Beehive P2P Limited is regulated by the DFSA. In Oman, Beehive Financial Technology SPC is regulated by the FSA and in KSA, Beehive Saudi for Technology and Information Systems Company is subject to regulatory approval.
About Perfios :
Founded in 2008, Perfios is a global B2B SaaS company serving the Banking, Financial Services and Insurance industry in 20 countries, empowering 1000+ financial institutions. Through their pioneering software platforms and products, Perfios helps financial institutions to take big leaps by shaping their origination, onboarding, decisioning, underwriting, fraud prevention, risk mitigation, collection and monitoring processes at scale and speed. Perfios delivers 8.2 billion data points to banks and financial institutions every year to facilitate faster decisioning and significantly accelerates access to credit and financial services for their clients' customers. Headquartered in Bangalore, with offices worldwide and with 75+ products and platforms, and over 500+ APIs, in Perfios, their clients have a confident and a robust start-to-end tech platform.
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