Prudent AI’s eureka moment happened when Jay & Sri were warming down in their sports club after a badminton game. Having worked at EY for more than 10 years, they had deep insights into the world of finance and accounting. They realized they had unique insights that helped them see a great opportunity in the Finance and tech intersection.
First, trust and evidence are the biggest time and cost factors in finance processes. Second, finance was lagging behind in technology adoption and presented huge opportunities for improvement. Lastly, the best way to address this lag was via an impactful software product. Given they both lived in the same city – starting up together was the natural next step.
It all fell in place when leading Non-QM lender, Lendsure Mortgage Corporation , came looking for analysis of bank statements for their non-QM lending business. They realized they had the perfect solution in the mortgage tech space. Prudent AI has since collaborated with several top lenders in the US, including Angel Oak, Lendsure, Homebridge, Clearedge, and several others, solidifying its position as the benchmark for bank statement processing.
At Prudent AI, we're on a mission to help lenders take their business to the next level, and we're continuously innovating to leverage the power of AI across different facets of loan origination.