Digital Onboarding & Loan Origination

Additional features

Legal ID processing

Scanning and verifying government-issued IDs (driver's license, passport, etc.).

Photo/OCR capture

Using Optical Character Recognition (OCR) to extract data from ID photos.

Biometrics

Using biometric authentication methods like fingerprint or facial recognition.

Proof of life

Verifying that the applicant is a real person (e.g., through liveness detection in facial recognition).

Photo validation

Checking the quality and authenticity of submitted photos.

Anti-money laundering (AML) checks

These checks are crucial for regulatory compliance. They involve screening applicants against various databases to identify potential risks related to money laundering and financial crimes.

International list validation

Checks applicant information against international watchlists and sanctions lists to ensure compliance with global regulations.

Custom list option

Allows financial institutions to add their own custom lists for screening applicants based on their specific risk criteria.

High-converting design

The user interface and application process are designed to be user-friendly and intuitive, maximizing the number of completed applications. This focuses on a smooth and efficient customer experience.

Personalized flow

The application process can be tailored to individual customer needs and circumstances, making the experience more personalized and efficient.

Detailed progress tracking and conversion metrics

Provides tools to monitor the progress of loan applications and track key metrics like completion rates and conversion rates. This data helps identify areas for improvement in the onboarding process.

Automated loan transaction management

This includes automating tasks like loan disbursement, payment processing, and recording transactions. This reduces manual effort and increases efficiency.

Cloud-based, plug-and-play system

The system is hosted in the cloud, making it easy to deploy and access. "Plug-and-play" suggests that it integrates easily with existing systems.

Modular design

The system is built in modules, allowing financial institutions to select and customize the features they need. This provides flexibility and avoids unnecessary complexity.

Automated payment reminders (SMS and WhatsApp)

The system automatically sends payment reminders to borrowers via SMS and WhatsApp, improving payment adherence.

Early defaulter management

The system can identify potential defaulters early on and trigger appropriate actions, such as sending personalized messages or offering payment plans. This proactive approach helps minimize losses.