
CHALLENGES

No policy/process for evaluating loan eligibility for a customer.

Loan approval to be completed in under 5 minutes.

Automation of loan approval process.

Stringent privacy restrictions of social media networks.
SOLUTION

Investigated and integrated with an eKYC service provider to ensure the required compliance with RBI.

Defined parameters for evaluating the credit worthiness of a customer.

Developed a machine learning solution for loan approval automation.

A plug and play social media data aggregation framework.