Transforming Income Assessment
with Multi-AA Implementation

Executive Summary

L&T Finance partnered with Ignosis to supercharge their AI-powered lending platform Project Cyclops, achieving an 80% success rate in Account Aggregator data retrieval, <30 second credit decisions, and 10-minute end-to-end loan approvals. Ignosis’s Multi-AA routing technology eliminated financial data bottlenecks while processing 10,000+ daily transactions, reducing AA journey drop-offs, enabling real-time decisioning at scale, and maintaining razor-sharp accuracy despite soaring transaction volumes – proving that smarter data flows create superior lending outcomes.

Introduction

L&T Finance Ltd. (LTF) is transforming lending through ‘Project Cyclops’ – a groundbreaking AI-driven credit underwriting engine processing an average of 10,000+ transactions daily. This next-generation platform represents a 25x increase from their previous capacity, leveraging micro services architecture and parallel processing to handle 100+ transactions per second across 16+ alternate data sources.

To further elevate its lending capabilities, LTF partnered with Ignosis, leveraging its expertise in intelligent data integration to drive scalability, automation, and advanced analytics. Ignosis brought three key value propositions to the table:

Operational Efficiency: Streamlining workflows for faster and more accurate credit decisions.
Multi-AA Intelligence: Enabling seamless integration of multiple Account Aggregators (AA) for enhanced data reliability.
Hyper-Customized Analysis: Empowering LTF to build its own intelligent credit decisioning models.

The Opportunity: Unlocking Higher Approvals with Multi-AA

While ‘Project Cyclops’ had already revolutionized LTF’s lending infrastructure, the platform faced an opportunity to further optimize its AA journeys.

Ignosis emerged as the natural partner for this transformation, given its expertise in Multi-AA integrations and proven ability to drive higher approval rates. By implementing a dynamic Multi-AA framework, Ignosis not only improved data accuracy and reliability but also unlocked greater efficiency—allowing LTF to maximize the potential of AA for seamless, real-time lending.

Solution Deployment

Multi-AA Router Driving >80% Conversion Rates

Seamless connectivity with multiple AA providers: Ignosis’s Multi-AA Router enables ‘Project Cyclops’ to pull financial data from various aggregators, ensuring higher success rates and minimal drop-offs.
>80% conversion in AA journeys: By optimizing real-time data retrieval and validation, Ignosis significantly enhances ability of ‘Project Cyclops’ to process lending decisions efficiently.
Adaptive Routing Optimization: Intelligent routing ensures high reliability in fetching user-permissioned financial data across different providers.

Scalable and Efficient Data Processing

Infrastructure built for scale: Ignosis’s solutions support LTF’s rapid expansion, seamlessly handling increased transaction volumes without system strain.
Optimized transaction throughput: Enabling real-time processing of 100+ transactions per second without bottlenecks.

Adapting Data Analytics for Loan-Specific Credit Models

Loan-Type-Specific Data Adaptation: Ignosis dynamically structures financial data to fit diverse lending models, including two-wheeler loans, MSME loans, and farm lending.
Automated data categorization: Enhancing the precision of income estimation, expense tracking, and repayment capacity evaluation.
Real-time BRE model execution: Ignosis enables LTF to leverage its Business Rule Execution models (BREs) over dynamically structured data, ensuring that loan eligibility and risk scoring are accurate and adaptable to different borrower segments.

Results and Key Performance Metrics

The Ignosis solution delivered significant, measurable improvements:

In collaboration with Ignosis, LTF built a sophisticated AA integration that dynamically selects optimal data routes across multiple aggregators.

Conclusion

The synergy between LTF’s ‘Project Cyclops’ and Ignosis’s technology stack demonstrates how strategic partnerships can accelerate digital transformation in lending. By combining the robust infrastructure of ‘Project Cyclops’with Ignosis’s specialized AA routing and analytics capabilities, LTF has created a truly next-generation lending platform that sets new industry standards for speed, accuracy, and scale.

Ready to overcome Account Aggregator limitations and unlock new growth? Contact Ignosis today for a consultation or Request a Demo to see how our Multi-AA routing and data intelligence platform can transform your business.