Liberis, a prominent name in the global embedded finance sector, has made a groundbreaking announcement with the launch of Ada, its proprietary AI underwriting agent. This innovative step is set to revolutionize how underwriting teams operate by significantly reducing manual tasks and expediting funding decisions for businesses. Ada marks a substantial leap forward in automated credit decision-making.
Developed internally by Liberis’ expert AI teams, Ada is named in honor of Ada Lovelace, the English mathematician and pioneer of computer programming. Ada is designed to ingest and analyze a wide array of financial, compliance, and digital footprint data in real-time. By doing so, it efficiently surfaces critical risk factors, trends, and anomalies, providing invaluable support to human underwriters. The AI agent continually learns from underwriter feedback, progressively enhancing decision accuracy.
Accelerating Credit Decisions
For the past six years, Liberis has been heavily investing in artificial intelligence, and currently, 85% of its financing decisions are automated. However, complex cases still require the expertise of manual underwriters, where underwriting can account for nearly half of application processing time. Ada addresses these inefficiencies by automating data analysis from multiple sources such as open banking data, Companies House records, credit bureau information, and digital footprint indicators.
The system’s advanced architecture is comprised of five integrated layers:
Data ingestion: Raw data is standardized, validated, and enriched.
Feature engineering: Ada transforms this data into structured signals used for risk assessment, such as revenue trends and compliance triggers.
Decision support: Ada utilizes business rules and model outputs to generate risk summaries, suggest actions, and provide confidence scores.
Human feedback loops: Underwriters review Ada’s suggestions and make final decisions, with interactions recorded for fine-tuning business logic and model parameters.
Delivery systems: Critical insights are surfaced through Liberis’ Vector platform.
Measurable Impact
Early projections suggest that Ada will achieve a 50% reduction in manual decision time for complex cases, while also improving accuracy by correcting for human biases and blind spots. To uncover hidden risks, Ada is being trained on previously approved applications where merchants later defaulted. Conversely, it is also reassessing declined applications to determine if any customers were unfairly excluded from lending opportunities.
According to Rob Straathof, CEO of Liberis, “Ada’s value goes far beyond just time savings. As humans, we all have biases and blind spots. Ada helps us uncover those. It flags what we might have missed and brings those risks to the surface, improves fairness, and helps us learn from past decisions. As our business continues to grow, the complexity of the funding decisions our underwriting team has to make increases commensurately. Ada will help cut through that complexity and enable us to continue helping small businesses access the funding they require at the pace they need it.”
Strategic Foundation for Growth
The launch of Ada is the first step in Liberis’ broader vision to develop a sophisticated multi-agent orchestration platform. As the company sets its sights on ambitious growth targets and welcomes new partners, this modular AI system will provide the operational scalability needed to handle increasing deal complexity without proportional overhead increases.
The timing of Ada’s launch underscores Liberis’ strategic investment in data maturity and AI capabilities. By leveraging stable large language models and comprehensive data integrations, the company aims to meet the rising business demand for faster, lower-risk funding decisions.
Note: This article is inspired by content from https://ffnews.com/newsarticle/liberis-launches-ada-an-ai-underwriting-agent-to-transform-embedded-finance-decision-making/. It has been rephrased for originality. Images are credited to the original source.