Origination Hub
- Front-end for capturing loan application details
- Custom-built based on client requirements
- Delivered via mobile app/browser app
- Direct Borrower/Channel-Assisted journeys
- Captures borrower demographics, financials and loan details
Loan Origination System
Aggregation Hub
- Source and validate borrower credit / identity / financial / other information viz. KYC, bureau score, digital bank data etc. as well as other proprietary data
- Own/Partner-provided Alternate Data solutions, viz. Socio-Economic Profile Score, Psychometric Profile Score, GSTN Insights, Mobile Intelligence etc.
- A range of pre-integrated services reduce time & cost for custom development, and yet retains the agility to quickly ingest new integrations
Credit Business Rules Engine
Assessment Hub
- Set up a wide array of credit rules/scorecards, weight scorecard parameters as needed, STP/NSTP classification etc. Originators can also set up multiple lender assessment structures on the same hub.
- Configure and define the intelligence for application of these credit rules/scorecards.
- Computes the ‘application credit score’ for a specific application.
Decision & Disbursal Hub
- Decisions the application based on the computed score and any other rules. Originators can run this for multiple lenders on the same hub and flash one or more offers to the borrower
- Provides a ‘white box’ construct for stakeholders, viz. the Risk Policy team, such that they always have granular visibility at an individual application level.
- Leverage AI/ML as a service for making more robust credit decisions.
- Pre-integrated disbursal facilitation services viz. e-Sign, e-Nach, PennyDrop etc. Can be based on choice of lender in case of an originator.
Workflow Engine
Multiple workflows can be configured for different product/segment/ geography/channel combinations allowing lenders to cater to ‘micro markets’ as opposed to a monolith structure. Similarly, originators can configure multiple lender-specific workflows. This is further supported with increased operational visibility at a micro-service level for simpler debugging of issues.
- Front-end configuration allows multiple workflows to be easily set up across functions viz. Sales, Credit Operations etc. as well as across multiple lender-product combinations.
- Workflows range from sequencing various aggregations with / without rules, pre-credit assessment checks, actual credit assessment, decisioning, disbursal initiation.
- Allows client organizations to set up as many workflows as they need, and also have granular visibility at an individual element-level within a workflow.
- Micro-service structure for process workflows makes it easier to identify / debug in case of any failures.
Augmented Credit Intelligence
An array of self-built/partner-provided augmented credit solutions
leveraging alternate data that we offer our clients
- Socio-Economic Profiler (SEP) location intelligence -based credit score derived from a wide array of public, macroeconomic data variables, that help lenders predict delinquency better at the time of credit assessment, by providing them the ‘probability of default’ of a borrower.
- Psychometric Profile score helps lenders digitally ascertain the borrower’s “intent to repay”. Once done, the resultant score can be flexibly used by them in their credit rules / scoring models.
- GSTN Insights helps lenders ascertain GST payment / return-filing compliance and enables them to target flow-based / other forms of lending by accessing business financial information.
- Mobile Credit Intelligence leverages mobile number-related attributes to compute a credit score, particularly for assessing first-time borrowers.
- Property Valuation helps lenders to validate property valuations through real-time access to real estate prices and related insights. This empowers them to appraise and decision property-related loans faster, and in a more robust manner.
- Vehicle Valuation provides vehicle related insights viz. history certificate etc. on a real-time and digital basis, thereby enabling speedier appraisal and disbursals for used vehicle loans.
Micro Plans – the Bharat Credit Stack
- Middle-India or ‘Bharat’ – comprising of ~100 million households and ~60 million MSMEs – presents the largest untapped opportunity to lenders. Our belief is that this endeavour to democratize credit needs enablement through democratization of the underlying credit technology and infrastructure. We are therefore, building the Bharat Credit Stack for The Next500Million Indians.
- As part of this vision, we have unbundled our platform capabilities through our Micro Plans offerings. Our Micro Plans are API bundles which provide complete flexibility and agility to choose and deploy the services you need across & within each of these bundles, and are fully business user-configurable. These services are designed to eliminate the current challenges around Data, Process, Access and Assess – the core drivers of credit friction.
- Whether you are an analog or a digital lender, or a loan originator (aggregator, marketplace operator, loan service provider etc), our Micro Plans enable you to ‘pick and choose’ easily-tailored services relevant for your use-case. Our volume-linked subscription-based pricing model also allows you to embrace the power of new-age lending technology without prohibitive upfront costs.
Ready to get started?
As a Group, we’ve been enabling technology-led transformation for many companies since 2003 and helping them grow their business. We’d love to do it for you too!