IDfy RiskAI
One-stop solution that meets all your business lending needs
IDfy RiskAI is a set of checks that enables you to confidently lend to Indian businesses. It helps you underwrite hidden risks, onboard businesses efficiently, and regularly monitor your clients’ repayment ability.
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![Risk AI](https://sp-ao.shortpixel.ai/client/to_auto,q_glossy,ret_img,w_147,h_147/https://www.idfy.com/wp-content/uploads/2023/01/unnamed-1.png)
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Make informed business lending decisions
![RiskAI](https://sp-ao.shortpixel.ai/client/to_auto,q_glossy,ret_img,w_147,h_147/https://www.idfy.com/wp-content/uploads/2023/01/unnamed-2.png)
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Streamline the lending process
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Onboard businesses
faster
What RiskAI helps you with
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Risk Underwriting
Verify a business’s income against GST, ITR, bank statements, and MCA database. Conduct company due diligence with AML, legal history, and statutory payment checks.
Onboarding (as per RBI guidelines/norms)
Conduct KYC, KYB, and UBO (Unified Beneficial Owner) confirmation as per RBI’s norms.
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Documentation
Regular Monitoring
Regularly monitor databases for AML, adverse legal risks, and statutory payments made by the company or its directors.
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4 reasons why you need IDfy’s RiskAI
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![bgv stage 1](https://sp-ao.shortpixel.ai/client/to_auto,q_glossy,ret_img,w_625,h_625/https://www.idfy.com/wp-content/uploads/2022/10/no1.png)
![bgv stage 1](https://sp-ao.shortpixel.ai/client/to_auto,q_glossy,ret_img,w_625,h_625/https://www.idfy.com/wp-content/uploads/2022/10/no1.png)
Minimal manual
effort
Eliminate time and effort spent in juggling multiple underwriting solutions and processing the data dump
![bgv stage 2](https://sp-ao.shortpixel.ai/client/to_auto,q_glossy,ret_img,w_625,h_625/https://www.idfy.com/wp-content/uploads/2022/10/no2.png)
![bgv stage 2](https://sp-ao.shortpixel.ai/client/to_auto,q_glossy,ret_img,w_625,h_625/https://www.idfy.com/wp-content/uploads/2022/10/no2.png)
![bgv stage 2](https://sp-ao.shortpixel.ai/client/to_auto,q_glossy,ret_img,w_625,h_625/https://www.idfy.com/wp-content/uploads/2022/10/no2.png)
All-in-one tool for business lending
Stay RBI compliant, asses risks, confirm UBO, and regularly monitor your clients; all using just one platform
![BGV stage 3](https://sp-ao.shortpixel.ai/client/to_auto,q_glossy,ret_img,w_625,h_625/https://www.idfy.com/wp-content/uploads/2022/10/no3.png)
![BGV stage 3](https://sp-ao.shortpixel.ai/client/to_auto,q_glossy,ret_img,w_625,h_625/https://www.idfy.com/wp-content/uploads/2022/10/no3.png)
![BGV stage 3](https://sp-ao.shortpixel.ai/client/to_auto,q_glossy,ret_img,w_625,h_625/https://www.idfy.com/wp-content/uploads/2022/10/no3.png)
Identify hidden
risks
Find all about a business using data from multiple government databases and improve your risk mitigation
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One view for all the
checks
Provides one view of all the checks performed and the corresponding outputs with potential risk triggers
RiskAI can also be used for
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Vendor Due Diligence
Conduct complete vendor due diligence by verifying their:
– Promoters and Directors
– Size of operations (revenue & employee strength)
– Major suppliers and buyers of the vendor (to ensure they comply with agreed guidelines)
– Legal checks against the company & its promoters
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UBO confirmation
Complete KYC of business as per RBI guidelines.
– Verification of Proof of entity, proof of business, and proof of address
– Verification of ultimate beneficiary owner as defined by RBI guidelines.
UBO verification involves a detailed analysis of the direct and indirect shareholding of a company for confirming UBO basis RBI guidelines and KYC of the UBO.