Archive · 30 Jan 2026
SalaryOnTime Launches AI Risk Assessment System
SalaryOnTime, a company that helps working people get loans, has introduced a new system that uses AI to make loan decisions faster and safer.
This system looks at things like your salary, job, and how you pay back loans in real-time.
It helps the company make quick decisions, catch any fraud, and follow all the rules.
The goal is to give people loans quickly and safely, without asking for too many documents.
The company's boss, Ankit Modi, says this new system makes sure loans are given in a fair and responsible way.
It's like having a super-smart helper that makes sure everything is done right and quickly.
SalaryOnTime launched an AI-based Risk Assessment System to speed up loan approvals for working professionals.
The system uses real-time data and machine learning to assess key parameters like salary, employment, and repayment ability.
It includes fraud detection features to reduce the risk of fraudulent activities.
The system aligns with RBI-compliant digital lending guidelines, ensuring responsible and compliant lending practices.
Ankit Modi, Managing Director of SalaryOnTime, emphasized the company's commitment to transparent and ethical lending.
- Who
- SalaryOnTime, a FinTech marketplace for working professionals
- What
- Launched an AI-based Risk Assessment System for faster and safer loan approvals
- When
- January 30
- Where
- New Delhi, India
- Why
- To meet the demand for instant, transparent, and reliable access to credit
- Company
- SalaryOnTime
- Technology
- AI-based Risk Assessment System
- Purpose
- Accelerate loan approvals with precision and compliance
- Key Features
- Real-time data analysis, fraud detection, automated risk scores
- Compliance
- RBI-compliant digital lending guidelines
- Target Users
- Working professionals
- Benefits
- Faster credit decisions, reduced fraud risks, improved customer trust
- CEO
- Ankit Modi