KYC / Onboarding

A credit head at a mid-sized NBFC told me recently about something that had been bothering her.

There's a loan officer I spoke to some months ago at a mid-sized NBFC. His team spent roughly half their day calling people who had started applications and gone quiet.

Over the last six years, total losses from fraud and cheating cases are estimated at over ₹53,000 crore.

Borrower verification is the foundation of lending. If verification fails, even the strongest risk policies hold no value.

Welcome to the 180th edition of The Pattern, a weekly where we dive into the latest from the

The new Aadhaar app lets you verify your identity with just a Face ID and QR code. No more photocopies, no more data leaks. Your privacy will be in your terms.

RBI is giving major red flags to the lending sector, which has raised concerns from private banks, and government directives cast shadows over microfinance's future in India.

Can alternative data help combat India's mule account problem?

Find out why banks and NBFCs should choose a tool that is designed for lending originations.

On NBFCs' bid for credit on UPI, KYC fortification, and more.

The world's third-largest FinTech industry struggling to find stable footing. Unsecured lending giants are pulling back on personal loans. Those running neobanks are yet to find a business model that doesn't burn cash on acquiring fickle customers.

It is irrefutable that the Account Aggregator framework will become a game-changer for the dissemination of financial services. Built to prioritise user consent , data privacy, and a good user expe…