FinBox DeviceConnect is a SaaS platform that enables lenders to assess creditworthiness and underwrite loans using alternative data collected directly from borrowers’ devices. The platform consolidates financial and behavioral data—such as banking, UPI/wallets, telecom, utilities, and credit history—into a comprehensive risk profile. DeviceConnect’s models are trained on millions of data points, generating real-time risk scores (FinBox Inclusion Score) and affordability metrics, making it especially effective for evaluating new-to-credit (NTC) and thin-file borrowers. The system is modular, API-based, and integrates seamlessly into digital lending journeys, supporting both unsecured and secured credit products. It also features advanced fraud detection, real-time underwriting, and compliance with privacy and data protection standards.

Key Features

Device Data-Based Risk Assessment Evaluates creditworthiness using data directly from borrowers’ devices.

• Aggregates financial, behavioral, and transactional data from multiple sources
• Generates FinBox Inclusion Score for real-time risk intelligence

Real-Time Underwriting Enables instant credit decisions with high accuracy.

• Hundreds of profiling features for granular risk assessment
• Supports dynamic pricing and risk bucketing

Fraud Monitoring and Detection Identifies suspicious behavior and organized fraud patterns.

• Detects mule accounts, synthetic identities, and domain validity issues
• Monitors transaction velocity, device concentration, and user traffic anomalies

Affordability and Spend Analysis Provides detailed insights into borrower’s financial health.

• Analyzes income, expenses, wallet debits, and funds flow
• Calculates affordability metrics for responsible lending

Seamless API Integration Fits into any lending program or digital workflow.

• Modular, API-based architecture for rapid deployment
• Compatible with CRM, LOS, and loan platforms

Privacy-First and Regulatory Compliance Ensures data security and compliance with privacy regulations.

• DEPA-compliant data handling
• User consent-driven data collection

Benefits

Increased Approval Rates for NTC/NTB Borrowers Expands access to credit for new-to-credit and thin-file customers.

• Unlocks lending to underserved segments
• Improves financial inclusion

Lower Portfolio Risk and Delinquencies Enhances risk management with advanced analytics.

• Reduces default rates through better borrower profiling
• Enables early detection of high-risk applicants

Faster, More Confident Lending Decisions Automates and accelerates underwriting workflows.

• Real-time risk scoring and decisioning
• Reduces manual review and operational costs

Enhanced Fraud Prevention Protects lenders from evolving fraud threats.

• Multi-layered fraud detection and anomaly monitoring
• Reduces losses from synthetic and mule accounts