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50% faster loan processing time

Experience quicker onboarding, reduced loan processing times, and less manual intervention with our identity verification solution, all while enhancing customer satisfaction.
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Boosting Loan Processing Time Through Automation

PowerCred is dedicated to transforming the loan application process, achieving up to a 50% reduction in processing times. Our solution minimises the risk of identity theft and fraudulent applications by ensuring each borrower possesses a legitimate tax identity. Furthermore, with the integration of Dukcapil verification, you can be assured of the accuracy and reliability of our identity checks.

Dukcapil Verification

DUKCAPIL verification involves authenticating personal identity information through Indonesia’s Directorate General of Population and Civil Registration (Direktorat Jenderal Kependudukan dan Pencatatan Sipil or DUKCAPIL), which oversees the maintenance and management of population data and civil registrations in Indonesia. 

For financial services providers, this verification process offers significant benefits, including enhanced security and reduced risk of fraud by ensuring the legitimacy of borrower identities. It also streamlines the onboarding process, reduces manual intervention, and accelerates loan processing times, ultimately leading to improved customer satisfaction and operational efficiency.

Nomor Pokok Wajib Pajak (NPWP)

In Indonesia, the NPWP (Nomor Pokok Wajib Pajak) is a Taxpayer Identification Number issued by the Directorate General of Taxes. It is important for both individuals and businesses for tax purposes. Here’s why it matters for lenders:

Financial Profiling

A valid NPWP shows that the borrower is registered with tax authorities, indicating financial responsibility.

Creditworthiness Assessment

Lenders use the NPWP to verify a borrower’s income and financial history, which helps determine their ability to repay loans.

Fraud Prevention

An NPWP reduces the risk of identity theft and fraudulent loan applications by ensuring the borrower has a legitimate tax identity.

Regulatory Compliance

Lenders need to follow national regulations, which often include verifying the NPWP of borrowers.

KYC Process

The NPWP is an essential part of the Know Your Customer (KYC) process, helping create a complete profile of the borrower.

Cutting the Client’s Identity Verification Process by 70%

55%

increase in number of financed SMEs

40%

lesser operational costs with automation

80%

expansion in processing capacity
A prominent Indonesian fintech company specialising in invoice financing collaborated with PowerCred to optimise its identity verification and credit assessment processes. This partnership aimed to streamline financing for small and medium enterprises (SMEs), reduce fraud, and enhance the operational efficiency of their services.

Through the partnership with PowerCred, the client eliminated the manual process of verifying SME owners and their transactions, effectively addressing issues related to falsified invoices, fraudulent applications, and the assessment of SME creditworthiness. By leveraging PowerCred’s advanced technologies, the client increased its SME approval rates by up to 45% while ensuring data authenticity. Continuous monitoring and analytics also helped maintain a default rate well below the industry average.

How Better Loan Processing Can Transform Your Business

Onboard a Customer in Minutes

Quickly validate customer identity and bank details with our eKYC and eKYB services.

Detect & Prevent Identity Fraud

Verify customer identity using government data from validated sources.

Reduce Manual Intervention

Minimise manual processing to speed up your onboarding process with our eKYC and eKYB solutions.

Seamless Onboarding Experience

Integrate our eKYC and eKYB services into your existing workflow for a smooth digital onboarding experience.
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We help you do what you do best

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“PowerCred and Akselaran are working hard to explore alternate data that is accessible, useful while also complying with current industry regulations.” We are excited and looking forward to the journey ahead”

Faizal Purwanto, Chief Risk Officer, Akseleran

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“Our partnership is focused on creating a more comprehensive borrower profile, leveraging PowerCred’s expertise in data intelligence to optimize our lending operations. This collaboration ensures greater efficiency and accuracy in our lending processes, ultimately enhancing the overall borrower experience.”

Gandeng Tangan

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“Partnering with PowerCred  has helped us optimize our  operational processes, and helped enable a more efficient and robust customer acquisition process. We look forward to working closely with PowerCred to solidify our mission”

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“I have huge respect for PowerCred that’s helping build an ecosystem to help financial service providers empower women entrepreneurs in Southeast Asia.”

Amrita Vir, Co-Founder of Findicate

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PowerCred revolutionizes lending with advanced data solutions, providing lenders robust tools for identity checks, credit assessments, and fraud defence, seamlessly integrating validated structured data for precise analysis and decision-making.

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Address

160 Robinson Rd, #03-12 SBF Center, Singapore 068914

Phone Number

Shrinivas Deshmukh (CTO):
+65 96549572

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