Credit assessment platform is an innovative decision-making platform that simplifies lending decision-making and credit analysis. It helps banks, NBFCs and other financial firms in monitoring and responding to risk parameters & examining the creditworthiness of the borrowers using various data sources such as income tax returns, bank statements and GST data.
Data sources
- GST Portal
- ITR
- Bank statement
Required from user
- Pan or GSTIN or GST username
- ITR in XML or PDF
- Statement in PDF, scanned or JSON form
Extraction method
- Government API
- Manual upload in XML format
- Manual upload Or Net banking pull
Bank portal
Integration
(of all the data for cross validation of financial data)
Rapid decision making
Basis of predefined eligibility criteria
Benefits
Analyze and manage financial risks and portfolio health of borrowers
Identify potential NPA
Real time loan approvals and monitoring
Improve cash flow
Faster loan approvals, disbursements & decision making
Minimize risks and errors
Secure data management
Features
Data sources for credit assessment
Utilize data sources such as GST data, income tax returns & bank statements.
Dashboard and analytics
View analytics based on customer details such as PAN, ITR, Finance ratio, bank transaction statement and more to validate customers’ creditworthiness.
Monitor financial risks
Analyze the financial risks of a business based on the current and projected cash flows of the borrower.
Check borrower’s details
Analyze borrower's repayment details and creditworthiness, implements fraud checks, and more to generate reconciliation reports.
Fully documented
Get comprehensive and actionable reports with components such as bank statement info, fraud check triggers, scoring details, EOD details, and recurring debits or credits.
Easy integrations
Integrate with existing data infrastructure of organization quickly and easily.
Targeted assessments based on profiles
Targeted vendor evaluations are triggered depending on responses to pre-assessment questions such as sort of business, data access and type, product or service is given, and so on.
Case Study
How India’s largest TReDS platform reduced their Trade Financing efforts with Credit Assessment and Decisioning Platform?
FAQ
The credit assessment refers to inspecting the borrower’s loan application to check its financial health and ability to generate necessary cash flows to service the debt.
The creditworthiness of the borrower is determined by evaluating and verifying the financial information provided by the borrower.
Data sources such as GST data, income tax returns & bank statements is generally used.
Yes.
