overview
For all Banks, and Financial Institutions, access to credible, periodic and granular data are critical for bringing efficiency in credit evaluation and portfolio monitoring.
Hence with the adoption of new technologies and digital platforms, access to customer data and intelligent data-based credit decisioning solutions has become a reality
Availability of data in a simple & lucid form for consumption has led to development of innovative applications in the digital lending space. Data submitted by taxpayers for GST returns is one such data mine, which when utilized, will enable financial institutions to expand their network for lending and lower the operational costs.
A majority of businesses need to file GST returns at monthly intervals. The sales and purchase data of any GST compliant business is available from the GST system. The dataset spans from invoice level to summary level. The data available in the GST system is accessible via APIs through a GSP with the consent of the taxpayer. There are publicly available data sets which also can be accessed via APIs for base level information.
IRIS Credixo is our offering for making the GST data points available along with insights for credit evaluation and portfolio monitoring, The API based architecture of IRIS Credixo offers flexibility for solution providers to design their credit models.
End-to-end ASP and GST solution
Highly scalable, available and secure architecture
Intuitive and easy to understand flow