KYC
Incorporate our advanced verification solutions to ensure a seamless and secure process for individuals or businesses engaging in diverse financial transactions. Whether it's disbursing loans, facilitating payouts, or enabling stock and crypto investments, our comprehensive set of verification tools is tailored to meet your specific needs.
Our platform allows you to verify personal information, authenticate identity documents, assess financial histories, and confirm employment details. Additionally, we offer robust features such as business registration checks, anti-money laundering (AML) screening, and KYC (Know Your Customer) verification to ensure compliance with regulatory standards.
With biometric verification options, including fingerprints and facial recognition, we prioritize security in every transaction. Explore our credit history reviews, social media profiling, and income verification services to make informed decisions while fostering trust and compliance. Elevate your verification processes with our cutting-edge tools, enhancing efficiency and reducing risks in your financial operations.
Aadhar e-Sign
Leverage our eSign APIs to effortlessly gather Aadhaar-based electronic signatures that hold legal validity. Built upon the NSDL and e-mudra infrastructure, our solution ensures full compliance with privacy regulations. Additionally, we offer user-friendly interfaces, pre-built on the NSDL/e-mudra foundation, which can be easily customized to align with your brand's colors and logo.
These interfaces can seamlessly integrate into your application as a webview or be redirected to via your website. Enhance your customer experience by offering a streamlined process for Aadhaar-based electronic signatures.
Our eSign APIs empower you to secure legally binding signatures on documents, accommodating up to six signers. Irrespective of your industry, be it banking, insurance, finance, law, or others, you can deliver frictionless onboarding experiences to your customers and facilitate the digital closure of contracts.
Account Aggregator
Account Aggregators (AAs) play a pivotal role as regulated entities, overseeing the authorized exchange of financial data through the DEPA framework. Functioning as intermediaries between data providers, like banks, and data consumers, such as lenders, they facilitate the secure sharing of a user's financial data contingent on explicit consent. In a strategic alliance with a fully-licensed AA, Zraifin currently delivers comprehensive services related to Account Aggregators.
This collaboration ensures a robust platform for the seamless and consent-driven flow of financial information, reinforcing trust and compliance in the data-sharing ecosystem. Whether it's empowering lenders with accurate insights or enhancing user control over their financial data, Zraifin's involvement in the AA domain contributes to fostering a transparent and user-centric financial landscape.
The lending process involving data consent follows these steps:
Consent Request Initiation: The lender initiates a data consent request, which is directed to the Account Aggregator (AA).
User Notification: The user receives a notification via the AA, informing them that the lender seeks access to their 3 months' bank statements.
User Decision: The user has the option to either approve or reject the consent request. If approved, the data is retrieved from the Financial Information Provider (FIP), such as the bank, and shared with the lender.
Consent Request Details: The consent request includes specifics about the type of data, duration for which the Financial Information User (FIU) requires it, and the intended purpose.
The user can consider these details before making a decision. Additionally, users retain the authority to withdraw consent for a previously-approved request, ensuring they remain in control of their data.
Insights
Zraifin's Insight API empowers you with actionable information extracted from a customer's bank statement, shedding light on their income, expenditure, and financial history. By leveraging the Account Aggregator (AA) framework, Zraifin's Insights API efficiently processes financial data obtained from both uploaded AA sources and external platforms like PDFs.
These insights are highly customizable, catering to a spectrum of needs, from underwriting scenarios to personalized financial management. In the realm of Account Aggregators (AAs), Zraifin plays a crucial role as a regulated entity, facilitating the secure and consensual exchange of financial data.
Serving as a vital link between data providers such as banks and data consumers like lenders, Zraifin enables users to share their financial data seamlessly, backed by explicit consent. This commitment is reinforced through Zraifin's robust AA-related services, offered in collaboration with a fully-licensed AA, ensuring a trustworthy and compliant framework for financial data sharing.
Income verification and underwriting: Validate applicant income and assess creditworthiness through a thorough analysis of bank statements.
Loan monitoring: Continuously monitor the borrower's financial health and obligations related to the loan.
Track cash flow, identify irregularities, and efficiently manage loan portfolios.
Personal finance management and wealth management: Empower individuals to manage their personal finances effectively.
