Overview
Digitap provides AI and Machine Learning SAAS solutions specifically tailored for BFSI, Fintech, and other financial institutions. The platform focuses on enhancing customer onboarding, risk management, and financial data analysis through advanced automation.
Core Solutions
- Onboarding Suite: Offers end-to-end APIs for digital customer onboarding, including Digital KYC, OCR for document validation, and Video KYC processes. This streamlines the initial customer interaction and compliance checks.
- Alternate Data Suite: Utilizes various data sources like bank statements, device data, and SMS to assess a customer's creditworthiness. This provides a comprehensive view beyond traditional credit scores, enabling better evaluation.
- TSP for Account Aggregator: Functions as a certified TSP, providing a Financial Information User (FIU) module that integrates with all Account Aggregators. It also supplies essential variables for robust credit underwriting.
- Expense Manager: Through an SDK, clients can access and analyze their customers' expenses. This feature generates personalized and contextualized insights, facilitating cross-selling opportunities for various financial products.
The solutions are designed for rapid integration via an API-based plug-in, ensuring quick deployment and high accuracy rates in execution. They are built for scalability, capable of handling millions of customers with minimal disruption, while also offering cost-efficient operations.
Key features
- Advanced Automated Risk Management Scorecards
- Customer Onboarding with backend verification of government documents
- API based Plug In Solution for faster integrations
- Best in market speeds of execution with high accuracy rates
- Cost-efficient solutions to maintain efficiency
- Scalable solutions for millions of customers
- End-to-end APIs for digital onboarding including Digital KYC and Video KYC
- Assess creditworthiness based on alternate data sources
Who uses it
All BFSI, Fintech and other Financial Institutions
Pros
- Advanced automated risk management scorecards for better evaluation.
- API-based plug-in solution enabling faster integrations and deployment.
- High accuracy rates and market-leading processing speeds for efficient execution.
- Cost-efficient and scalable solutions for handling large customer volumes.
- Certified to international security and reliability standards (ISO/IEC 27001, SOC2, ISO 22301).
Cons
- Pricing details are not transparent, requiring direct contact for quotes.
- No free trial or freemium option is publicly available.
- Primarily focused on the BFSI and Fintech sectors, limiting applicability for other industries.
- Requires integration via API, which may necessitate developer resources.
Our take
Digitap offers specialized AI/ML solutions for financial institutions to streamline customer onboarding and credit assessment processes. Its API-driven platform provides robust tools for risk management and data analysis, ensuring compliance and efficiency.
Comments
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