Shruti KaushikFintech and lending software companies check AI drafts by saving licensing status, bank partner wording, performance statistics with definitions and the compliance claims counsel has approved. Marketing copy, emails and sales decks are then run through a claim check that flags approval rates, compliance assertions and credit terms the saved record cannot back.
Where AI drafts go wrong for fintech and lending software
Lending software marketing makes two kinds of claims at once: what the software does for a lender, and, in examples, what a loan looks like for a borrower. Assistants invent both. They write approval rates, decision times and default reductions for a platform, and they write rate and payment examples for a credit product. Under Regulation Z's advertising rules for consumer credit, stating certain terms, such as an amount of a payment or a finance charge, triggers additional required disclosures, so a casually invented example is not harmless.
Compliance language is the other trap. "Fully compliant with fair lending rules" and "bank-level security" are phrases a model produces freely. Counsel usually wants a narrower sentence tied to a specific audit or program, and a draft should use that sentence or nothing.
Claims an AI draft might invent for fintech and lending software
These examples are invented for this page to show the pattern. They describe no real company, customer or result.
- "Approve 95% of applicants in seconds" with no measured basis.
- "Fully compliant with ECOA and fair lending rules" when counsel approved only a narrower statement.
- "Reduces defaults by 30%" with no study.
- "No impact to your credit score" on a product that does a hard inquiry at one stage.
- "Funded in 24 hours" when the saved fact says funding times vary by partner bank.
The facts fintech and lending software would save once
A saved fact is one sentence you can stand behind, with its source and date. Anything a draft claims that matches none of them is flagged.
- Licensing and registration status by state, with the date checked.
- The bank partner relationship, in the exact form counsel approved.
- Performance statistics: definition, period, population, source.
- Which loan types and states the product supports.
- Approved compliance statements, word for word.
- Security attestations and their scope.
The workflow
- Save counsel's approved statements and the statistics definitions. Mark which require legal sign-off.
- Draft web copy, emails and sales decks in your assistant.
- Run each through the claim check. Paste any loan example you intend to use as source text and attach counsel's note.
- Send flagged compliance or credit-term statements to counsel for sign-off by private link.
- Publish, and keep the approval record with the asset.
The method is the one on the draft fact check page: Klype extracts the figures, guarantees, vague authority and stories in a draft, matches each to your saved facts and any source text you paste, flags what it cannot back, and keeps an approval record. It is rule-based, so the same text gets the same answer, and it never publishes or sends anything.
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What the check does not do
It compares claims with the facts you saved and any source text you paste. It does not browse the web, does not verify outside claims and does not replace legal, compliance or editorial review where your work needs it. When it finds nothing checkable, it says nothing was verified, so you still read every draft before it goes out.
Sources
Each source is cited for the single point made above. Klype does not give legal advice; ask your counsel how any rule applies to you.
Common questions
Does the check apply Regulation Z?
No. It does not interpret regulations. It flags figures and promises your saved facts do not support, and lets counsel sign off. Whether a statement triggers disclosures is a decision for your compliance team.
Can it verify our licences?
No. It checks the draft against the licensing facts you saved with their dates. Keep that record current.
What about marketing aimed at borrowers?
The same check works on borrower-facing drafts, but their rules are stricter. Treat the check as a first pass before compliance review, not a replacement.
Where to go next
Read how the check works on the draft fact check page, or try the free post checker without signing up. Related guides: Klype for insurtech companies, Klype for investor relations teams, and Klype for AI startups. The full list is on the hub.