Optimizing Your Onboarding Stack: Could a Lean ID Reader Be a Better Option?
Most onboarding stacks that require stringent KYC rely on OCR for ID processing. While OCR is crucial to a KYC stack, it comes with several operational challenges. Usage-based pricing creates unpredictable costs during peak application periods. Deployment complexity requires ongoing infrastructure management. And accuracy inconsistencies mean manual review teams still handle exceptions. This is where […]
Income, Expense, and Fraud Categorizations in PowerCred’s Bank Statement Analyzer
PowerCred’s Bank Statement Analysis delivers transaction-level categorization that transforms raw banking data into structured insights for credit decision-making. Our approach focuses on granular classification across three critical areas that directly impact underwriting accuracy and portfolio performance
When Growth Becomes a Penalty: Rethinking ID Verification Costs
Growing your digital lending operations doesn’t have to come with steep onboarding costs. Find out how you can shave ~80% off your KYC ops overheads!
Revolutionizing KYC Verification in the Philippines: PowerCred’s Advanced Authentication Solution
PowerCred’s KYC verification for the Philippines directly verifies the authenticity of ID cards against government databases. Our automated solution combines intelligent data extraction and real-time database verification, eliminating time-consuming manual processes that delay loan approvals.
Optimizing Credit Assessment with New-Age Data Sources
Thanks to rapid digitisation, a borrower’s creditworthiness can now be gauged from the digital footprint they leave behind. The key, however, is to choose the right data-source, connect the dots, and gain a true sense of the borrower’s financial picture – all while maintaining compliance and great customer experience.
The Rise of E-wallets: What it Means for Lenders
Southeast Asia has taken to e-wallets like duck to water.
For lenders, this is an opportunity to leverage data and grow their loan books! Read on to find out how.
