FinBox KYC is a SaaS platform designed to enhance digital underwriting and credit risk assessment by leveraging device data and behavioral analytics. The platform consolidates financial and behavioral data from borrowers’ devices, including banking, UPI/wallets, telecom, utilities, and credit history, to generate a comprehensive risk profile. DeviceConnect uses advanced profiling models trained on millions of data points to evaluate creditworthiness, especially for new-to-credit (NTC) and new-to-bank (NTB) customers. The system provides real-time risk scoring, fraud detection, and affordability analysis, enabling lenders to make informed credit decisions, increase approval rates, and reduce portfolio risk. DeviceConnect is modular and API-based, fitting seamlessly into various lending programs and supporting regulatory compliance and data security.

Key Features

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

• Aggregates financial, behavioral, and transactional data
• Supports NTC and NTB customer profiling

FinBox Inclusion Score (FIS) Generates a proprietary risk score based on comprehensive device and behavioral data.

• Benchmarked against millions of borrowers
• Enables precise risk segmentation

Real-Time Underwriting Delivers instant credit decisions using advanced analytics.

• Combines hundreds of profiling features
• Supports unsecured and secured lending products

Fraud Detection and Monitoring Identifies suspicious behavior and potential fraud in real time.

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

Affordability and Spend Analysis Assesses borrower’s repayment capacity and financial health.

• Analyzes bank accounts, e-wallets, and spending patterns
• Provides actionable insights for offer personalization

Benefits

Increased Approval Rates Enables lenders to approve more NTC and NTB customers.

• Expands access to formal credit
• Reduces reliance on traditional bureau data

Lower Portfolio Risk Improves risk assessment accuracy and reduces delinquencies.

• Real-time fraud detection and behavioral analytics
• Data-driven decisioning minimizes defaults

Faster Application Completion Streamlines onboarding and underwriting processes.

• API-based integration for seamless workflows
• Reduces manual intervention and processing time

Regulatory Compliance and Data Security Ensures adherence to data privacy and security standards.

• Undergoes regular ISO, CICRA, and VAPT audits
• Supports lender audits and compliance checks