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Axe Finance

www.axefinance.com link_icon

Company Overview



Axe Finance



  • Name: Axe Finance

  • Mission: To bring high value to financial institutions’ credit processes by increasing customer satisfaction, reducing operational costs, mitigating risks, and assuring regulatory compliance through their loan origination software.

  • Founded: 2004

  • Founders: No specific information on the founders is provided.

  • Key People:

  • Dhafer Berrachid, Chief Executive Officer

  • Chris Kneen, Chief Commercial Officer

  • Michael Halbig, Chief Delivery and Support Officer

  • May Gargani, Chief HR Officer

  • Imen JGHAM, Chief Marketing Officer

  • Mehdi Rebai, Chief Financial Officer

  • Wadhah Jebri, Head of Research and Development

  • Lassaad Zouaoui, Head of Customer Success

  • Louay Salti, Head of Product

  • Oussama Akkari, Head of Cloud and Enterprise Infrastructure

  • Souheil Bellalouna, Head of Operations

  • Headquarters: Multiple global offices including:

  • Netherlands

  • Canada

  • Tunisia

  • Nigeria

  • UAE

  • India

  • Vietnam

  • United Kingdom

  • Number of Employees: 60+

  • Revenue: No information is available

  • Known For: Axe Finance is known for being a global market-leading software provider focused on credit risk automation, offering AI-driven solutions for the entire credit lifecycle.


Products



Axe Credit Portal (ACP)



Overview


The Axe Credit Portal (ACP) is a comprehensive digital lending solution that automates the entire credit lifecycle from KYC to servicing. It is a multi-segment solution catering to a variety of lending needs.

Corporate Loans


  • Description: An end-to-end digital lending solution tailored for large businesses.

  • Key Features: Covers KYC, credit assessment, scoring, approval, and collateral management.


Commercial Loans


  • Description: Automation for all types of commercial loans, including SMEs, SMBs, MSMEs.

  • Key Features: Enhances efficiency, customer experience, and market penetration.


Retail Loans


  • Description: AI-driven solution designed to automate consumer loans.

  • Key Features: Fast-track processing, precise credit decisions.


Islamic Banking


  • Description: Digital lending solution aligned with Sharia’a principles.

  • Key Features: Customization options to ensure compliance with Islamic banking standards.


FI Loans


  • Description: Streamlined lending process for interbank lending.

  • Key Features: AI-powered, minimizes risks and adheres to regulatory standards.


Sovereign Loans


  • Description: Manages credit risk, collateral, and regulatory compliance for sovereign lending.

  • Key Features: Flexible digital lending solution.


Development Banking


  • Description: Automated community and development banking.

  • Key Features: Scoring models, credit risk management, regulatory compliance.


Mortgage Loans


  • Description: End-to-end lending solution for mortgage financing.

  • Key Features: Advanced features and seamless automation.


Embedded Finance


  • Description: Facilitates rapid loan disbursements at the point-of-sale (POS).

  • Key Features: Collaboration with retailers, transforms them into digital credit enablers.


By Use Case


  • KYC & Onboarding: Automation of KYC, onboarding, and lead management.

  • Origination: Flexible loan origination tailored to lender needs.

  • Scoring: Traditional and AI-driven integrated credit scoring solution.

  • Underwriting & Approval: Accelerate loan approval and underwriting processes.

  • Limit Management: Proactively monitors credit limits.

  • Collateral Management: Ensures optimal risk resilience.

  • Loan Servicing: Automates post-approval loan lifecycle.

  • Collection & Provisioning: Enhances debt collection and provisioning calculations.


Recent Developments



Major Updates & Recognition



  • Gartner 2023: Recognized in the 2023 Gartner Market Guide for Commercial Loan Origination Solutions.

  • New Products Launched: No specific new products mentioned.

  • New Features:

  • Release of ACP V.9, including a total revamp of UI/UX, new AI-based lending features, technology enhancements, and new administration tools.

  • Introduction of Xdoc, providing a fully paperless credit process.

  • Partnerships:

  • Strategic partnership with Algoteque in Poland.

  • New office opened in Abu Dhabi, UAE.


Events


  • Singapore FinTech Festival 2024: Axe Finance’s experts to participate and showcase digital lending solutions.

  • Connectiva Banking CEE Expo 2024: To exhibit in Budapest, Hungary, showcasing ACP's AI-powered capabilities.


Conclusion


Axe Finance continues to pave the way in the digital lending space with its innovative ACP solution, strong partnerships, and continuous recognition in the industry.