New Delhi, Oct. 28 -- Fibe, the digital consumer lending platform run by Social Worth Technologies Ltd, which has recently filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), is putting artificial intelligence (AI) at the centre of its lending business to augment its purpose-driven financing portfolio.

Fibe's model is shaped by a change in what young, digitally active borrowers want. They are looking for quick, seamless financing tied to a specific need, ranging from a course fee, a hospital bill, an insurance premium, a rooftop solar installation, a holiday, to an online purchase.

Traditional lenders rely mainly on bureau history and standard financial parameters. Fibe's AI-based scorec...