#50 - Scott Weller, CTO & Founder at EnFi
07/23/2025
Episode details
Join us on this week's episode of the Slice of Finance podcast, hosted by Jared S. Taylor!
Our Guest: Scott Weller, CTO & Founder at EnFi.
What you’ll get out of this episode:
- EnFi leverages AI to streamline commercial credit processing and portfolio management.
- Institutions see deal processing times drop from weeks to days after onboarding.
- EnFi’s approach unlocks valuable data trapped in documents, enabling continuous risk assessment.
- The team blends rapid AI innovation with strict standards for security and reliability.
- Upcoming features allow lenders to automate workflows using natural language, reducing reliance on engineering.
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Redefining Commercial Credit with AI
On a recent episode of the Slice of Finance podcast, Scott Weller, CTO and co-founder of EnFi, discussed the company's mission: to radically improve how commercial credit is processed and managed. EnFi was founded with a focus on the customer experience—specifically, making the process of obtaining commercial credit faster, easier, and more transparent for both banks and businesses.
Immediate Value for Institutions
Weller explained that financial institutions often feel a mix of excitement and apprehension when first adopting AI tools. EnFi’s onboarding process is designed to address these emotions, guiding teams from simple use cases to more advanced implementations. The impact is felt quickly: what once took weeks to process—a commercial loan decision—can now be accomplished in days. This "aha moment" for customers often leads to wider adoption across loan categories.
Unlocking Data for Better Decisions
A core part of EnFi’s value is its ability to unlock the vast amounts of data trapped in PDFs, spreadsheets, and other documents. By transforming this information into actionable insights, institutions can accelerate underwriting and enable real-time risk assessment across their portfolios. Weller emphasized that EnFi is committed to using AI techniques that are purpose-built for financial services, always meeting rigorous accuracy standards.
Balancing Innovation and Security
Staying at the forefront of AI advancements is essential in the rapidly evolving fintech landscape. EnFi addresses this by maintaining a dedicated research team that continually explores new developments, feeding their learnings into an internal, AI-driven knowledge base. This enables the entire organization to stay informed while keeping a sharp focus on reliability and security—a necessity in the financial sector.
Next-Generation Workflow Automation
Looking ahead, EnFi is launching a new feature that allows lenders to automate complex workflows using natural language instructions. This means teams can describe the task they need accomplished, and AI agents will plan and execute it—minimizing the need for engineering resources. The result is more flexible, adaptive automation that can handle the unique requirements of each institution, accelerating lending decisions and reducing operational bottlenecks.
