Frequently Searched
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.
Make informed business lending decisions
Streamline the lending process
Onboard businesses faster
What RiskAI helps you with
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.
Documentation
Regular Monitoring
Regularly monitor databases for AML, adverse legal risks, and statutory payments made by the company or its directors.
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.
Documentation
Regular Monitoring
Regularly monitor databases for AML, adverse legal risks, and statutory payments made by the company or its directors.
4 reasons why you need IDfy’s RiskAI
Minimal manual
effort
Eliminate time and effort spent in juggling multiple underwriting solutions and processing the data dump
All-in-one tool for business lending
Stay RBI compliant, asses risks, confirm UBO, and regularly monitor your clients; all using just one platform
Identify hidden
risks
Find all about a business using data from multiple government databases and improve your risk mitigation
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
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
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.
