AND Solutions

AND Solutions is a Singapore-headquartered technology company that builds software for banks and other financial institutions. Its platform combines loan origination, document intelligence, and credit decisioning into a single connected system. The company describes itself as "the operating core for modern banks," offering a suite of products that cover the lending lifecycle from application intake through disbursement. The product portfolio includes Custom AI Scoring, an expert-built AI credit scoring system; Mindox, an intelligent document processing tool; Looms, a loan origination and management system; DMS, a document management system; Omnichannel, a multi-channel data collection product; Niko, a no-code AutoML platform; and Scorecard, a no-code rule-based credit scoring tool. These products are designed to help financial institutions automate and streamline lending operations. AND Solutions was established in Singapore in 2021 as a subsidiary of AND Group, a Mongolian fintech organization. The parent group was founded after its founders—long-time best friends who met through international mathematical competitions—identified a need for faster, more accessible lending in Mongolia. In 2016, AND Group developed what it describes as the first mobile-based micro-lending platform in Mongolia. The group has since grown to include more than 10 subsidiaries across business and technology sectors. AND Solutions was created to bring the group's technology to international markets. The company positions its offerings as a way for banks to modernize their lending infrastructure, using AI and automation to reduce manual document handling, speed up credit decisions, and improve operational efficiency. Its platform is designed to ingest applications and documents from multiple channels, perform identity and business verification, analyze bank statements, and support underwriting workflows with configurable approval chains and audit trails. The company operates from Singapore and targets financial institutions globally, with roots in the Mongolian market through its parent group. It is a private company and does not disclose public financial information.

AND Solutions was established in Singapore in 2021 as a subsidiary of AND Group, a fintech organization with roots in Mongolia. The parent group's origins trace back to a problem its founders observed in the Mongolian financial system around 2016. At that time, the average monthly income in Mongolia was around $300, and because incomes were low, borrowing money regularly to support oneself was common. Banks took a long time to review documents and process loans, so many people turned to friends and family for short-term loans. However, borrowed money was often not returned, creating tension in personal relationships. The founders of AND Group—described as long-time best friends, with "And" being the Mongolian word for best friends—met through their participation in international mathematical competitions. They personally experienced the recurring issue of borrowing money from friends and relatives on short notice and not having it returned. Recognizing that this problem had persisted for a long time without a long-term solution, they decided to establish AND GLOBAL, a fintech organization, and developed the first mobile-based micro-lending platform in Mongolia in 2016. Over the following years, AND Group expanded across business and technology industries in the local market, growing to include more than 10 subsidiaries and gathering professionals with overseas experience. In 2021, AND Solutions was created in Singapore as one of these subsidiaries, with the aim of competing in international markets and showcasing the group's technology beyond Mongolia. AND Solutions developed a suite of products for financial institutions, including Custom AI Scoring, Mindox (intelligent document processing), Looms (loan origination and management system), DMS (document management system), Omnichannel (multi-channel data collection), Niko (no-code AutoML platform), and Scorecard (no-code rule-based credit scoring tool). The company markets these as an integrated platform that covers the lending lifecycle: acquisition, application, pre-qualification screening, credit and risk analysis, underwriting, and disbursement. The platform is designed to ingest applications and documents from white-label web storefronts, email, chat, and CRM through APIs; perform eKYC/eKYB identity and business verification; normalize multi-bank statement formats; deploy income and expenditure agents to categorize transactions; and drive configurable approval workflows with audit trails. As of its public communications, AND Solutions operates from Singapore and targets financial institutions internationally, leveraging its parent group's experience in fintech and technology development.

• 2021

  AND Solutions is established in Singapore as a subsidiary of AND Group to compete in international markets.

• 2016

  AND Group founders develop the first mobile-based micro-lending platform in Mongolia.

AI-powered lending and document automation platform for financial institutions, described as "the operating core for modern banks."

• Custom AI Scoring

  Expert-built AI credit scoring system.

• Mindox

  Intelligent Document Processing.

• Looms

  Loan Origination & Management System.

• DMS

  Document Management System.

• Omnichannel

  Multi-Channel Data Collection.

• Niko

  No-code AutoML Platform.

• Scorecard

  No-code rule-based credit scoring tool.

1. 1AND Solutions Pte. Ltd. | AI-Powered Lending & Document Automation for Financial Institutionsandsolutions.net
2. 2About AND Solutions | Bringing Technology Closer to Everyoneandsolutions.net
3. 3AND Solutions - Wikidatawikidata.org