{"id":19890,"date":"2022-04-20T09:05:18","date_gmt":"2022-04-20T09:05:18","guid":{"rendered":"https:\/\/habiletechnologies.com\/?p=19890"},"modified":"2022-07-18T12:01:34","modified_gmt":"2022-07-18T12:01:34","slug":"loan-origination-through-digital-onboarding","status":"publish","type":"post","link":"https:\/\/wiki.cloudbankin.com\/index.php\/2022\/04\/20\/19890\/loan-origination-through-digital-onboarding\/","title":{"rendered":"How Loan Origination is done through Digital Onboarding"},"content":{"rendered":"<p>[vc_row][vc_column][vc_single_image image=&#8221;19892&#8243; img_size=&#8221;medium&#8221; alignment=&#8221;center&#8221;][vc_column_text]<span style=\"color: #333333;\"><span style=\"font-weight: 400;\">Nowadays, financial lending organisations are finding ways to integrate their customers quickly and securely to provide them with all their products and services through <\/span><span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/habiletechnologies.com\/blog\/the-lenders-roadmap-to-digital-onboarding\/\"><span style=\"font-weight: 400;\">Digital Onboarding<\/span><\/a><\/span><span style=\"font-weight: 400;\">. <\/span><\/span><br \/>\n<span style=\"color: #333333;\"><span style=\"font-weight: 400;\">People are cautious about taking a loan online. But, both lenders and their consumers are unaware of how the digital loan onboarding process is creating a revolution in financial services through an ease of approach and seamless journey, even in remote places. They not only provide an all-in-one platform starting from <\/span><span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/habiletechnologies.com\/blog\/introduction-loan-origination-system\/\"><span style=\"font-weight: 400;\">Loan Origination<\/span><\/a><\/span><span style=\"font-weight: 400;\"> to loan recovery but also save a lot of time and hassle.<\/span><\/span><br \/>\n<span style=\"color: #333333;\"><span style=\"font-weight: 400;\">Habile Technologies\u2019 Co-Founder and Director, <\/span><span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.linkedin.com\/in\/maniparthasarathy\/\"><span style=\"font-weight: 400;\">Mani Parthasarathy<\/span><\/a><\/span><span style=\"font-weight: 400;\">, and <\/span><span style=\"font-weight: 400;\">Domain Consultant of CloudBankIN<\/span><span style=\"font-weight: 400;\">, <\/span><span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.linkedin.com\/in\/rajeshware-srinivasan-235a99197\/\"><span style=\"font-weight: 400;\">Rajeshware Srinivasan<\/span><\/a><\/span><span style=\"font-weight: 400;\">, have come together to give an in-depth outlook on how <\/span><span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/habiletechnologies.com\/blog\/10-stages-loan-origination-process\/\"><span style=\"font-weight: 400;\">Loan Origination<\/span><\/a><\/span><span style=\"font-weight: 400;\"> is done through Digital Onboarding. So, lend your ears to hear all about it in the episode or devour our conversation below to learn about it.<\/span><\/span><\/p>\n<div style=\"text-align: center;\"><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/ivifaJCOTSw\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/div>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;25px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"\" title=\"CIBIL\" src=\"https:\/\/habiletechnologies.com\/wp-content\/uploads\/2020\/10\/mani-profile.jpg\" alt=\"Mani\" width=\"50\" height=\"50\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Mani Parthasarathy<\/h4>\n<p><em><strong>Hello, Rajeshware. Thank you so much for your valuable time. Can you start by giving your viewpoints on what forms the basis of the whole customer onboarding journey?<\/strong><\/em><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_empty_space height=&#8221;12px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_empty_space][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-19896\" src=\"https:\/\/blog.habiletechnologies.com\/wp-content\/uploads\/2022\/07\/Rajeshware-sem-350x250-1-300x214-1.jpeg\" alt=\"Rajeshware Srinivasan\" width=\"57\" height=\"57\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Rajeshware Srinivasan<\/h4>\n<p><span style=\"font-weight: 400; color: #333333;\">Two factors are considered while forming the basis of the complete customer onboarding journey. <\/span><br \/>\n<span style=\"color: #333333;\"><span style=\"font-weight: 400;\">1) The first is to understand and identify <\/span><b>customers\u2019 paint points<\/b><span style=\"font-weight: 400;\"> to set clear goals and the type of loan product the customers require. <\/span><\/span><br \/>\n<span style=\"color: #333333;\"><span style=\"font-weight: 400;\">2) The second is to <\/span><b>perceive the ticket size<\/b><span style=\"font-weight: 400;\"> for a loan and the terms that the NBFCs provide.<\/span><\/span><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;15px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"\" title=\"CIBIL\" src=\"https:\/\/habiletechnologies.com\/wp-content\/uploads\/2020\/10\/mani-profile.jpg\" alt=\"Mani\" width=\"50\" height=\"50\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Mani Parthasarathy<\/h4>\n<p><strong><em>Please brief us on how the customer journey differs for various onboarding flows.<\/em><\/strong><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_empty_space height=&#8221;12px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_empty_space][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-19896\" src=\"https:\/\/blog.habiletechnologies.com\/wp-content\/uploads\/2022\/07\/Rajeshware-sem-350x250-1-300x214-1.jpeg\" alt=\"Rajeshware Srinivasan\" width=\"58\" height=\"58\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Rajeshware Srinivasan<\/h4>\n<p><span style=\"font-weight: 400;\">Three scenarios define the customer onboarding journey. <\/span><br \/>\n<span style=\"font-weight: 400;\">1) A<\/span><span style=\"font-weight: 400;\">n urban population with technologically profound borrowers goes with the <\/span><b>Do-It-Yourself<\/b><span style=\"font-weight: 400;\"> flow. <\/span><br \/>\n<span style=\"font-weight: 400;\">2) The<\/span><span style=\"font-weight: 400;\">&nbsp;rural population depends solely on <\/span><b>loan officers<\/b><span style=\"font-weight: 400;\"> on behalf of borrowers to aid in the onboarding. <\/span><br \/>\n<span style=\"font-weight: 400;\">3) The semi-urban and semi-rural population has an <\/span><b>assisted<\/b><span style=\"font-weight: 400;\"> flow for the mix of urban and rural borrowers. <\/span><br \/>\n<span style=\"font-weight: 400;\">Going with all three flows is generally regarded as an excellent course of action. <\/span><br \/>\n<span style=\"font-weight: 400;\">NBFC wants to bring out a Unique Selling Proposition for their customers. This causes variations in onboarding a customer journey. <\/span><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;15px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"\" title=\"CIBIL\" src=\"https:\/\/habiletechnologies.com\/wp-content\/uploads\/2020\/10\/mani-profile.jpg\" alt=\"Mani\" width=\"50\" height=\"50\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Mani Parthasarathy<\/h4>\n<p><strong><em>What are the prerequisites required to strategize the Digital Onboarding journey for a loan product flow of NBFC?<\/em><\/strong><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_empty_space height=&#8221;12px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_empty_space][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-19896\" src=\"https:\/\/blog.habiletechnologies.com\/wp-content\/uploads\/2022\/07\/Rajeshware-sem-350x250-1-300x214-1.jpeg\" alt=\"Rajeshware Srinivasan\" width=\"59\" height=\"59\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Rajeshware Srinivasan<\/h4>\n<p><span style=\"font-weight: 400; color: #333333;\">NBFC lays out its credit policy for the loan product to be launched. From India&#8217;s perspective,<\/span><br \/>\n<span style=\"color: #333333;\"><span style=\"font-weight: 400;\"><span style=\"color: #ff0000;\"><span style=\"color: #333333;\">1)<\/span> <a style=\"color: #ff0000;\" href=\"https:\/\/www.indiainfoline.com\/knowledge-center\/kyc\/documents-required-for-kyc\">KYC<\/a><\/span> is the first stage where the collection of the customer&#8217;s data such as name, address, industry, employment type and other data points are done. For partnering NBFCs, the KYC is also applied in this stage.<\/span><\/span><br \/>\n<span style=\"color: #333333;\"><span style=\"font-weight: 400;\">2) Then, the customer&#8217;s <\/span><b>financial worthiness<\/b><span style=\"font-weight: 400;\"> is checked when income details are provided.<\/span><\/span><br \/>\n<span style=\"font-weight: 400; color: #333333;\">These are the mandatory stages for underwriting a loan.<\/span><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;15px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"\" title=\"CIBIL\" src=\"https:\/\/habiletechnologies.com\/wp-content\/uploads\/2020\/10\/mani-profile.jpg\" alt=\"Mani\" width=\"50\" height=\"50\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Mani Parthasarathy<\/h4>\n<p><strong><em>What would be the cost per loan application for a traditional NBFC?&nbsp;<\/em><\/strong><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_empty_space height=&#8221;12px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_empty_space][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-19896\" src=\"https:\/\/blog.habiletechnologies.com\/wp-content\/uploads\/2022\/07\/Rajeshware-sem-350x250-1-300x214-1.jpeg\" alt=\"Rajeshware Srinivasan\" width=\"53\" height=\"53\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Rajeshware Srinivasan<\/h4>\n<p><span style=\"font-weight: 400;\">It is ideal to attach only the direct cost to a loan application since the indirect cost is quite challenging and complicated. For instance, if an NBFC serves one particular area, the cost is for that serviceable area alone. Hence, based on that, anywhere above Rs. 500 becomes the base price for a traditional onboarding journey for a customer.<\/span><br \/>\n<span style=\"font-weight: 400;\">In the case of <\/span><span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.financialexpress.com\/money\/a-new-financial-landscape-simplifying-customer-experience-with-digital-onboarding\/2366206\/\"><span style=\"font-weight: 400;\">Digital Onboarding<\/span><\/a><\/span><span style=\"font-weight: 400;\">, it is much less, which is anywhere between Rs. 100 to Rs. 150, when the direct cost is added for the <\/span><span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/habiletechnologies.com\/blog\/why-should-your-lending-business-get-api-fied\/\"><span style=\"font-weight: 400;\">API<\/span><\/a><\/span><span style=\"font-weight: 400;\"> being integrated into a loan application for KYC.<\/span><br \/>\n<span style=\"font-weight: 400;\">Depending on the number of steps involved in the onboarding process as defined by various NBFCs, the cost will either increase or decrease.<\/span><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;15px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"\" title=\"CIBIL\" src=\"https:\/\/habiletechnologies.com\/wp-content\/uploads\/2020\/10\/mani-profile.jpg\" alt=\"Mani\" width=\"50\" height=\"50\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Mani Parthasarathy<\/h4>\n<p><strong><em>API has become a driving force now for every process. The most used APIs in India are Aadhar and PAN. Rajeshware, what are the challenges you faced in this regard?<\/em><\/strong><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_empty_space height=&#8221;12px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_empty_space][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-19896\" src=\"https:\/\/blog.habiletechnologies.com\/wp-content\/uploads\/2022\/07\/Rajeshware-sem-350x250-1-300x214-1.jpeg\" alt=\"Rajeshware Srinivasan\" width=\"57\" height=\"57\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Rajeshware Srinivasan<\/h4>\n<p><span style=\"font-weight: 400;\">PAN API is much easier when compared to Aadhar API, which includes the customer\u2019s name, PAN number and mobile number for verification.<\/span><br \/>\n<span style=\"font-weight: 400;\">Even though the Aadhar API is made available, it often causes friction in a customer\u2019s journey because it involves OTP authentication where it is forwarded to the registered mobile number. This takes the customer to the UIDAI site to download the XML file of their Aadhar and then upload it into the system. It is quite a headache. Therefore, it is essential to go for biometrics or online verification in such cases. But, online verification is unstable. And its restoration of services takes time. Thus, NBFCs can face problems in accessing the document for verification.<\/span><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;15px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"\" title=\"CIBIL\" src=\"https:\/\/habiletechnologies.com\/wp-content\/uploads\/2020\/10\/mani-profile.jpg\" alt=\"Mani\" width=\"50\" height=\"50\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Mani Parthasarathy<\/h4>\n<p><em><strong>What<span style=\"font-weight: 400;\">&nbsp;<strong>is your stance on C-KYC?<\/strong><\/span><\/strong><\/em><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_empty_space height=&#8221;12px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_empty_space][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-19896 \" src=\"https:\/\/blog.habiletechnologies.com\/wp-content\/uploads\/2022\/07\/Rajeshware-sem-350x250-1-300x214-1.jpeg\" alt=\"Rajeshware Srinivasan\" width=\"58\" height=\"58\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Rajeshware Srinivasan<\/h4>\n<p><span style=\"font-weight: 400;\"><span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.hdfcfund.com\/information\/central-know-your-customers-ckyc\">C-KYC<\/a><\/span> is available today for banks, financial institutions and individuals to complete the KYC process. A probable flow could be after verifying PAN using PAN API. C-KYC can be integrated followed by a face match to complete the KYC process. This is another alternative available to Aadhar API. <\/span><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;15px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"\" title=\"CIBIL\" src=\"https:\/\/habiletechnologies.com\/wp-content\/uploads\/2020\/10\/mani-profile.jpg\" alt=\"Mani\" width=\"50\" height=\"50\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Mani Parthasarathy<\/h4>\n<p><strong><em>For a seamless onboarding process, what is the list of APIs required to be integrated? <\/em><\/strong><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_empty_space height=&#8221;12px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_empty_space][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-19896 \" src=\"https:\/\/blog.habiletechnologies.com\/wp-content\/uploads\/2022\/07\/Rajeshware-sem-350x250-1-300x214-1.jpeg\" alt=\"Rajeshware Srinivasan\" width=\"58\" height=\"58\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Rajeshware Srinivasan<\/h4>\n<p>Aadhar, PAN and DV are available for most KYC processes. Additional documents such as GST, IT returns and bank statements can also be added.<\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;15px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"\" title=\"CIBIL\" src=\"https:\/\/habiletechnologies.com\/wp-content\/uploads\/2020\/10\/mani-profile.jpg\" alt=\"Mani\" width=\"50\" height=\"50\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Mani Parthasarathy<\/h4>\n<p><strong><em>Can you explain the customer due diligence process flow?<\/em><\/strong><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_empty_space height=&#8221;12px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_empty_space][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-19896 \" src=\"https:\/\/blog.habiletechnologies.com\/wp-content\/uploads\/2022\/07\/Rajeshware-sem-350x250-1-300x214-1.jpeg\" alt=\"Rajeshware Srinivasan\" width=\"56\" height=\"56\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Rajeshware Srinivasan<\/h4>\n<p><span style=\"font-weight: 400;\">The <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.jumio.com\/cdd-customer-due-diligence\/\">Customer Due Diligence<\/a><\/span> process involves two stages.<\/span><br \/>\n<span style=\"font-weight: 400;\">1) In the KYC stage, inter-matching of documents is done for verification. NBFC handles KYC and after that, the loan application moves to the underwriting stage.<\/span><br \/>\n<span style=\"font-weight: 400;\">2) If the documents collected in the first stage are not enough, then we go collect additional documents.<\/span><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;15px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"\" title=\"CIBIL\" src=\"https:\/\/habiletechnologies.com\/wp-content\/uploads\/2020\/10\/mani-profile.jpg\" alt=\"Mani\" width=\"50\" height=\"50\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Mani Parthasarathy<\/h4>\n<p><strong><em>Let\u2019s take an example. A person has uploaded his Aadhar with his image on it. That same person uploads a live video of himself for verification. So, is there a system available to match that Aadhar image with his video image?<\/em><\/strong><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_empty_space height=&#8221;12px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_empty_space][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-19896 \" src=\"https:\/\/blog.habiletechnologies.com\/wp-content\/uploads\/2022\/07\/Rajeshware-sem-350x250-1-300x214-1.jpeg\" alt=\"Rajeshware Srinivasan\" width=\"56\" height=\"56\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Rajeshware Srinivasan<\/h4>\n<p><span style=\"font-weight: 400;\">Yes, it is available. Financial institutions that use video authentication for their KYC do this in four ways.<\/span><br \/>\n<span style=\"font-weight: 400;\">1) An individual from the institution is <\/span><b>assisting<\/b><span style=\"font-weight: 400;\"> a customer to enter into a video panel and verify the documents simultaneously.<\/span><br \/>\n<span style=\"font-weight: 400;\">2) A <\/span><b>liveliness check<\/b><span style=\"font-weight: 400;\"> is performed where the customer is asked to do an action like face movement or blinking eyes. The captured image is then matched with the documents he provided.<\/span><br \/>\n<span style=\"font-weight: 400;\">3) The customer can also go for a <\/span><b>selfie<\/b><span style=\"font-weight: 400;\"> image verification.<\/span><br \/>\n<span style=\"font-weight: 400;\">6) <strong>G<\/strong><\/span><b>eo-tagging<\/b><span style=\"font-weight: 400;\"> is added to know whether the customer is located in India or not to sanction the loan amount to him. RBI has said that the image of the customer with his current coordinate is to be imprinted on any loan management software.<\/span><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;15px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"\" title=\"CIBIL\" src=\"https:\/\/habiletechnologies.com\/wp-content\/uploads\/2020\/10\/mani-profile.jpg\" alt=\"Mani\" width=\"50\" height=\"50\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Mani Parthasarathy<\/h4>\n<p><em><strong>How are frauds checked in the Loan Origination process?<\/strong><\/em><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_empty_space height=&#8221;12px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_empty_space][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-19896 \" src=\"https:\/\/blog.habiletechnologies.com\/wp-content\/uploads\/2022\/07\/Rajeshware-sem-350x250-1-300x214-1.jpeg\" alt=\"Rajeshware Srinivasan\" width=\"56\" height=\"56\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Rajeshware Srinivasan<\/h4>\n<p><span style=\"font-weight: 400;\">The four ways of KYC as mentioned earlier are Aadhar, PAN, video and face authentication, and geo-tagging. The KYC process should go through all four phases to prevent fraud. If KYC is incomplete, then fraud happens.<\/span><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;15px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"\" title=\"CIBIL\" src=\"https:\/\/habiletechnologies.com\/wp-content\/uploads\/2020\/10\/mani-profile.jpg\" alt=\"Mani\" width=\"50\" height=\"50\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Mani Parthasarathy<\/h4>\n<p><strong><em>In the recent case with actress Sunny Leone where her PAN number was stolen to attempt to get a loan in her name, how can we avoid such a breach against hackers?<\/em><\/strong><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_empty_space height=&#8221;12px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-19896 \" src=\"https:\/\/blog.habiletechnologies.com\/wp-content\/uploads\/2022\/07\/Rajeshware-sem-350x250-1-300x214-1.jpeg\" alt=\"Rajeshware Srinivasan\" width=\"55\" height=\"55\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Rajeshware Srinivasan<\/h4>\n<p><span style=\"font-weight: 400;\">It is possible for anyone to access an individual\u2019s PAN and Aadhar details, provided the hacker has that individual\u2019s mobile number and other information in hand. Even two-factor authentication is just a minimal step. It does not define or say whether the person accessing the authentication code using the mobile number is a valid user. That&#8217;s where <\/span><span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.cyberlink.com\/faceme\/insights\/articles\/227\/Facial-recognition-ekyc-fraud-prevention-fintech\"><span style=\"font-weight: 400;\">facial authentication<\/span><\/a><\/span><span style=\"font-weight: 400;\"> or video verification comes in to prevent any data breach and ensure the person is who they say they are.<\/span><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;15px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"\" title=\"CIBIL\" src=\"https:\/\/habiletechnologies.com\/wp-content\/uploads\/2020\/10\/mani-profile.jpg\" alt=\"Mani\" width=\"50\" height=\"50\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Mani Parthasarathy<\/h4>\n<p><em><strong>How does a face match &amp; name match work in the API?<\/strong><\/em><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_empty_space height=&#8221;12px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_empty_space][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-19896 \" src=\"https:\/\/blog.habiletechnologies.com\/wp-content\/uploads\/2022\/07\/Rajeshware-sem-350x250-1-300x214-1.jpeg\" alt=\"Rajeshware Srinivasan\" width=\"56\" height=\"56\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Rajeshware Srinivasan<\/h4>\n<p><span style=\"font-weight: 400;\">Today\u2019s API algorithms are getting intelligent to generate any information and authenticate an individual&#8217;s face and name match. The facial structure, contour, depth, and dimension are considered for face matching, and the system generates an impression in terms of percentage, say about 75% or 80% match. The matching impression percentage depends from system to system. A similar thing is done for the name match. For biometrics, the system generates a point match instead, like an 8 point match or a 9 point match.<\/span><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;15px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"\" title=\"CIBIL\" src=\"https:\/\/habiletechnologies.com\/wp-content\/uploads\/2020\/10\/mani-profile.jpg\" alt=\"Mani\" width=\"50\" height=\"50\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Mani Parthasarathy<\/h4>\n<p><em><strong>What challenges do we face in OCR reading on the Digital Onboarding process?<\/strong><\/em><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_empty_space height=&#8221;12px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_empty_space][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-19896 \" src=\"https:\/\/blog.habiletechnologies.com\/wp-content\/uploads\/2022\/07\/Rajeshware-sem-350x250-1-300x214-1.jpeg\" alt=\"Rajeshware Srinivasan\" width=\"51\" height=\"51\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Rajeshware Srinivasan<\/h4>\n<p><span style=\"font-weight: 400;\">The challenge often presents itself in the cost portion, which involves two types.<\/span><br \/>\n<span style=\"font-weight: 400;\">1) The first is the conversion cost where documents are scanned and converted into digital data.<\/span><br \/>\n<span style=\"font-weight: 400;\">2) The second comes the verification cost where documents are checked for validation.<\/span><br \/>\n<span style=\"font-weight: 400;\"><span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/readwrite.com\/ai-based-ocr-technology-revolutionizing-the-banking-sector\/\">OCR<\/a><\/span> reading is still not evenly centralised in all stages, creating issues. It is forced to move to manual mode. Thus, for a customer, it is not an ideal experience when they are told to upload additional documents or require them to be assisted by someone through the process. The current success rate is not very good and the cost is also not very welcoming when relating to that success rate.<\/span><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;15px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"\" title=\"CIBIL\" src=\"https:\/\/habiletechnologies.com\/wp-content\/uploads\/2020\/10\/mani-profile.jpg\" alt=\"Mani\" width=\"50\" height=\"50\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Mani Parthasarathy<\/h4>\n<p><strong><em>For NBFCs who deal with <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/bfsi.economictimes.indiatimes.com\/news\/editors-view\/cash-flow-based-lending-is-the-next-big-thing-in-credit\/78485305\">cash-flow lending<\/a><\/span> for their customers, how does the bank statement analyser work?<\/em><\/strong><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_empty_space height=&#8221;12px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_empty_space][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-19896 \" src=\"https:\/\/blog.habiletechnologies.com\/wp-content\/uploads\/2022\/07\/Rajeshware-sem-350x250-1-300x214-1.jpeg\" alt=\"Rajeshware Srinivasan\" width=\"53\" height=\"53\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Rajeshware Srinivasan<\/h4>\n<p><span style=\"font-weight: 400;\"><span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/habiletechnologies.com\/blog\/bank-statement-analysis-important-los\/\">Bank statement analysis<\/a><\/span> can be done easily when the customer\u2019s data is extracted by accessing internet banking from the bank portal, and the time period for which the information is required. The API that analyses bank statements will do the mathematical calculations and give out the balance for the credit amount. A lot of data is extracted, but only the necessary ones are considered for the calculation by the analyser.<\/span><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;15px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"\" title=\"CIBIL\" src=\"https:\/\/habiletechnologies.com\/wp-content\/uploads\/2020\/10\/mani-profile.jpg\" alt=\"Mani\" width=\"50\" height=\"50\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Mani Parthasarathy<\/h4>\n<p><em><strong>Like the bank statement analyser, how does the SMS analyser work?<\/strong><\/em><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_empty_space height=&#8221;12px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_empty_space][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-19896 \" src=\"https:\/\/blog.habiletechnologies.com\/wp-content\/uploads\/2022\/07\/Rajeshware-sem-350x250-1-300x214-1.jpeg\" alt=\"Rajeshware Srinivasan\" width=\"52\" height=\"52\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Rajeshware Srinivasan<\/h4>\n<p><span style=\"font-weight: 400;\">Mostly with respect to individual customers, cash flows such as&nbsp;<\/span><\/p>\n<table style=\"height: 382px;\" width=\"626\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><b>Credits<\/b><\/td>\n<td style=\"text-align: center;\"><b>Withdrawals<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Cheque deposits<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Cheques<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Salary<\/span><\/td>\n<td><span style=\"font-weight: 400;\">ATM cash withdrawals<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Rent<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Online Transactions and Wallet Transactions<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Any other deposits to accounts<\/span><\/td>\n<td><span style=\"font-weight: 400;\">EMI payments<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">Online deposits received<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">Credit Card Transactions<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>SMS analyser is able to analyse them almost accurately. In organisations, it is more streamlined.<\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"\" title=\"CIBIL\" src=\"https:\/\/habiletechnologies.com\/wp-content\/uploads\/2020\/10\/mani-profile.jpg\" alt=\"Mani\" width=\"50\" height=\"50\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Mani Parthasarathy<\/h4>\n<p><strong><em>Rajeshwari, can you give an overall idea of what CloudBankIN does?<\/em><\/strong><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_empty_space height=&#8221;12px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_empty_space height=&#8221;12px&#8221;][vc_column_text][\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-19896 \" src=\"https:\/\/blog.habiletechnologies.com\/wp-content\/uploads\/2022\/07\/Rajeshware-sem-350x250-1-300x214-1.jpeg\" alt=\"Rajeshware Srinivasan\" width=\"55\" height=\"55\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Rajeshware Srinivasan<\/h4>\n<p><a href=\"https:\/\/habiletechnologies.com\/lending-software\/\"><span style=\"font-weight: 400;\"><span style=\"color: #ff0000;\">CloudBankIN<\/span><\/span><\/a><span style=\"font-weight: 400;\"> is a system that handles right from the <\/span><span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/habiletechnologies.com\/loan-origination-system\/\"><span style=\"font-weight: 400;\">loan origination<\/span><\/a><\/span><span style=\"font-weight: 400;\"> to the loan recovery. It is an API based application and very compatible with any system and it has a fully-fledged <\/span><span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/habiletechnologies.com\/loan-management-system\/\"><span style=\"font-weight: 400;\">loan management system<\/span><\/a><\/span><span style=\"font-weight: 400;\"> to support most loan products. A customer can go through all three onboarding flows. There is a mobile application and a web application available to suit any device. It is also integrated with other financial institutions for loan recovery. Thus, it is an end-to-end process that takes the customer on a complete lending journey.<\/span><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"\" title=\"CIBIL\" src=\"https:\/\/habiletechnologies.com\/wp-content\/uploads\/2020\/10\/mani-profile.jpg\" alt=\"Mani\" width=\"50\" height=\"50\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Mani Parthasarathy<\/h4>\n<p><strong><em>What are all the key operational risks available in <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.indiatoday.in\/business\/story\/factors-that-led-to-digital-lending-boom-in-india-1910342-2022-02-08\">Digital Lending<\/a><\/span>?<\/em><\/strong><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_empty_space height=&#8221;22px&#8221;][\/vc_column][\/vc_row][vc_row gap=&#8221;1&#8243;][vc_column width=&#8221;1\/2&#8243;][vc_empty_space][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-19896 \" src=\"https:\/\/blog.habiletechnologies.com\/wp-content\/uploads\/2022\/07\/Rajeshware-sem-350x250-1-300x214-1.jpeg\" alt=\"Rajeshware Srinivasan\" width=\"56\" height=\"56\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Rajeshware Srinivasan<\/h4>\n<p><span style=\"font-weight: 400;\">Today, API algorithms are upgrading frequently. Due to this, issues like PAN not working and Aadhar access being restricted for a few hours occur. These are the required risks a fintech should look into. Others are reasonably manageable. <\/span><span style=\"font-weight: 400;\">The advice generally given to fintech companies is that they should never build a complicated system. They need to keep it simple and take it step-by-step.<\/span><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"\" title=\"CIBIL\" src=\"https:\/\/habiletechnologies.com\/wp-content\/uploads\/2020\/10\/mani-profile.jpg\" alt=\"Mani\" width=\"50\" height=\"50\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Mani Parthasarathy<\/h4>\n<p><em><strong>Keeping all the data collected and the risks involved, how can CloudBankIN quickly disperse a loan?<\/strong><\/em><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_empty_space][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_empty_space][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<div class=\"stm_partner style_2\">\n<div class=\"image\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-19896 \" src=\"https:\/\/blog.habiletechnologies.com\/wp-content\/uploads\/2022\/07\/Rajeshware-sem-350x250-1-300x214-1.jpeg\" alt=\"Rajeshware Srinivasan\" width=\"53\" height=\"53\"><\/div>\n<div class=\"stm_partner_content\">\n<h4 class=\"no_stripe\">Rajeshware Srinivasan<\/h4>\n<p><span style=\"font-weight: 400;\">CloudBankIN has the potential to sanction a loan quickly. However, the time of entry into the app to disbursement depends on the KYC &amp; underwriting process followed. The verifying data confirms that from the entry point into the app to disbursement of a loan can be <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/habiletechnologies.com\/blog\/lending-companies-can-disburse-the-loan-in-10-mins\/\">under 10 minutes<\/a><\/span>.<\/span><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space height=&#8221;25px&#8221;][vc_column_text]<span data-preserver-spaces=\"true\">We hope you could grasp a lot of knowledge about how to expedite loan origination through digital onboarding, which the experts in the domain imparted. Don&#8217;t forget to stay tuned for more upcoming blogs from <\/span><span style=\"color: #ff0000;\"><a class=\"editor-rtfLink\" style=\"color: #ff0000;\" href=\"https:\/\/habiletechnologies.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Habile Technologies<\/a><\/span><span data-preserver-spaces=\"true\">&nbsp;if you enjoy such content!<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h3>You may also like:<\/h3>\n<div class=\"stm_news blog_most_recent_posts\">\n<ul class=\"news_list posts_per_row_3\">\n<li id=\"post-7288\" class=\"post-7288 post type-post status-publish format-standard has-post-thumbnail hentry category-loans tag-agency tag-collection tag-debt tag-loan tag-modern tag-technology tag-traditional\">\n<div class=\"post_thumbnail\"><a href=\"https:\/\/habiletechnologies.com\/blog\/bank-statement-analysis-important-los\/\"><img loading=\"lazy\" decoding=\"async\" class=\"attachment-consulting-image-350x204-croped size-consulting-image-350x204-croped wp-post-image\" src=\"https:\/\/habiletechnologies.com\/wp-content\/uploads\/2021\/08\/Webp.net-compress-image2-1110x550.jpg\" alt=\"\" width=\"350\" height=\"204\"><\/a><\/div>\n<h5><a href=\"https:\/\/habiletechnologies.com\/blog\/bank-statement-analysis-important-los\/\">Why is Bank Statement Analysis important in LOS<\/a><\/h5>\n<\/li>\n<li id=\"post-7037\" class=\"post-7037 post type-post status-publish format-standard has-post-thumbnail hentry category-banking-and-finance category-loans\">\n<div class=\"post_thumbnail\"><a href=\"https:\/\/habiletechnologies.com\/blog\/how-to-choose-a-successful-loan-origination-system-top-factors-to-keep-in-mind\/\"><img loading=\"lazy\" decoding=\"async\" class=\"attachment-consulting-image-350x204-croped size-consulting-image-350x204-croped wp-post-image\" src=\"https:\/\/habiletechnologies.com\/wp-content\/uploads\/2021\/05\/How-To-Choose-A-Successful-Loan-Origination-System%E2%80%93Top-Factors-To-Keep-In-Mind3-1110x550.png\" alt=\"\" width=\"350\" height=\"204\"><\/a><\/div>\n<h5><a href=\"https:\/\/habiletechnologies.com\/blog\/challenges-and-opportunities-for-digital-lenders-in-covid-19-recession\/\">How To Choose A Successful Loan Origination System\u2013Top Factors To Keep In Mind<br \/>\n<\/a><\/h5>\n<\/li>\n<li id=\"post-7037\" class=\"post-7037 post type-post status-publish format-standard has-post-thumbnail hentry category-banking-and-finance category-loans\">\n<div class=\"post_thumbnail\"><a href=\"https:\/\/habiletechnologies.com\/blog\/enhancing-customer-experience-through-loan-origination-system\/\"><img loading=\"lazy\" decoding=\"async\" class=\"attachment-consulting-image-350x204-croped size-consulting-image-350x204-croped wp-post-image\" src=\"https:\/\/habiletechnologies.com\/wp-content\/uploads\/2021\/04\/Loan-Origination-Post-COVID-19-for-MFIs9-1110x550.png\" alt=\"\" width=\"350\" height=\"204\"><\/a><\/div>\n<h5><a href=\"https:\/\/habiletechnologies.com\/blog\/challenges-and-opportunities-for-digital-lenders-in-covid-19-recession\/\">Enhancing Customer Experience through Loan Origination System<\/a><\/h5>\n<p>&nbsp;<\/li>\n<\/ul>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_single_image image=&#8221;19892&#8243; img_size=&#8221;medium&#8221; alignment=&#8221;center&#8221;][vc_column_text]Nowadays, financial lending organisations are finding ways to integrate their customers quickly and securely to provide them with all their products and services through Digital Onboarding. People are cautious about taking a loan online. But, both lenders and their consumers are unaware of how the digital loan onboarding process is creating a [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":19892,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categories":[129],"tags":[92,79,93,94,95],"class_list":["post-19890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan-origination","tag-digital-onboarding","tag-loan","tag-loan-origination","tag-nbfc","tag-onboarding-process"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Loan Origination is done through Digital Onboarding | Habile Technologies<\/title>\n<meta name=\"description\" content=\"The digital loan onboarding process creates ease of approach and a seamless journey. 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