October Technologies Private Limited

CredStack.ai is a platform that utilizes AI for underwriting and due diligence, specifically designed for banks, non-banking financial companies (NBFCs), and other financial institutions. It streamlines the traditionally labor-intensive task of assessing loan applications, document verification, and credit risk evaluation. Rather than depending on large teams to manually review documents and data, CredStack employs agentic AI to process documents, extract essential information, cross-check details, and generate credit-ready insights in just minutes. In a standard loan application, lenders usually gather 20 to 50 documents, including bank statements, income verifications, property documents, and credit bureau reports, which are then manually reviewed and inputted into systems—an effort that can take several hours per application and is prone to errors or delays. CredStack automates this entire process by intelligently categorizing documents, pulling structured data from unstructured sources, and analyzing over 130 credit, legal, and operational factors necessary for underwriting. Additionally, the platform allows lenders to incorporate their internal credit policies through a configurable workflow builder. AI agents then enforce these policies, detect discrepancies, issue risk alerts, and prepare clear credit summaries or Credit Appraisal Memos (CAMs) for final approval by credit officers. By minimizing manual tasks and standardizing decision-making processes, CredStack enhances underwriting speed, precision, and scalability. The system can cut processing time from hours to minutes, achieve more than 90% automation, and enable financial institutions to handle a greater number of loan applications with the same workforce while ensuring rigorous auditability and compliance.