Yubi and Protean to integrate digital identity and KYC services into lending workflows
Yubi and Protean eGov Technologies have entered into a collaboration to integrate digital identity, KYC and data verification capabilities into lending workflows, with the aim of simplifying borrower onboarding and improving credit assessment.
The integration will bring Protean’s digital infrastructure capabilities, including identity verification, consent management and e-signatures, into Yubi’s lending platforms used by banks and other financial institutions.
The companies plan to use the integration across four stages of the credit lifecycle: borrower onboarding, KYC verification, underwriting and loan documentation. Lenders will be able to access verified borrower information, undertake digital re-KYC and analyse consent-based bank statements and income tax returns to assess repayment capacity. Loan agreements, sanction letters and security documents will also be supported through digital signing and stamping.
The collaboration is intended to address information gaps that can limit formal credit access, particularly for first-time borrowers and micro, small and medium enterprises (MSMEs). The press release...
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