Incumbent lenders, both banks and non-banks are regulated entities and as such have robust credit underwriting practices complimented by capital adequacy. However, legacy tech architecture and cumbersome processes prevent them from lending with agility at scale. Our vision is to partner and empower these traditional lenders with our CreditOn product stack to transform themselves into state-of-the-art digital lenders, while preserving the robustness of their core risk-assessment framework.
CreditOn manifests our vision articulated above through the following components:
to enable seamless customer acquisition across a range of channels including call centers, web, mobile and loan marketplaces thus ensuring there are no drop-offs.
Credit Decision Engine
Credit Decision Engine to harness more than 10,000 data points to assess creditworthiness in real time.
Digital KYC to check authenticity and extract data from documents & verify identity against government databases
Lending API Stack
Lending API Stack for seamless integration with third party fintechs, marketplaces and digital connectors to widen the sourcing base.
Loan CRM to create and manage digital campaigns as well as to measure throughput and channel yields.
Integrated credit analysis platform facilitates underwriting leaving minimum paper trail and achieving exponential reduction in manual error.