Used by the
- Poor Lending Experience: Banks and NBFCs take days to decide on business loan applications, due to time consuming manual financial verification
- Poor Credit Appraisals: Manual appraisals for existing customers is time taking & error prone, which leads to lapses in credit risk assessment.
How it Works
Connect to income tax website to download ITR returns and get p&L, Balance Sheet and Income Computation into a format needed for your credit model.
Connect to GST Website to pull GST Return and summarize into a format needed for underwriting and for KYC-AML. Correlate GST Data with other financial data to identify suspicious transactions.
Discover the Vaultedge APIs offerings today