ComBank launches Sri Lanka's first Al-powered SME credit underwriting solution

THE Commercial Bank of Ceylon has announced the launch of Sri Lanka’s first Artificial Intelligence-powered SME credit underwriting solution, taking a transformative step in reshaping how small and medium enterprises (SMEs) access credit and financial solutions.

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This custom-built AI platform, another breakthrough initiative by the country’s largest private sector bank, was fully developed as a collaborative effort with a top global consulting company, integrating the Bank’s in-house capabilities with world-class expertise. It has been designed in line with Commercial Bank’s SME business model and risk policy framework, underscoring the Bank’s strategic approach to transcend market dynamics and scale up SME financing sustainably.

This milestone initiative also reflects the Bank’s strategic commitment to redefining SME banking, in line with its status as the largest lender to SMEs in the country and a recipient of multiple international awards as Sri Lanka’s Best SME Bank.

The solution leverages advanced machine learning algorithms and predictive analytics to identify the financial needs of SMEs by analysing their behavioural data and evaluating their financial requirements through proprietary algorithms.