Empowering Financial institutions with data based lending using GSTN Ecosystem

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IRIS’s Data-Based Lending Solution

IRIS Credixo helps lending institutions to move from traditional asset-based lending to data-based lending. The likes of Banks, NBFC’s and Fintechs can simplify their credit assessments with consented GST data.

This helps to bring down their cost of processing and arresting increase in NPAs. Use of GST data transforms turnover and cash flow based financing to one based on first hand, real time information.

India is expected to have huge credit growth across sectors and more lending to MSMEs is in the offing. This provides us a unique opportunity to re-imagine credit products like never before. Credixo stands at the intersection of Data and Lending Experience.

It allows lenders to grow volumes, stand out from the competition and gather meaningful customer data to provide seamless “lending in the box” credit experience and design tailored customer journeys.

The platform triangulates GST data with bank statements and bundles with artificial intelligence and machine learning to build advanced credit decisioning models that accurately evaluate the financial health of businesses. Triangulation report provides the details of the actual cash flow in bank statement with respect to sales and purchase transactions reported in GST Data and helps in determining the collection and payable cycles of a borrower. Negative flags can also be triggered with this triangulation in case of suspicious transactions.

Why GST Based Lending?

Green Arrow Granular Data
Green Arrow Invoice  Verified
Green Arrow 6 M+ GST Returns

Green Arrow Digitally Signed
Green Arrow Easily Accessed
Green Arrow Real time data

How does IRIS Credixo work?

  • Sign-in IRIS Credixo
    In Credixo, Lender signs in and shares either GSTIN or pan number of customer (or API sharing is enabled through an integration with the ASP & lender)
  • Get access to  GST data
    In a few clicks, the Lender is able to access specific  GST data as per your credit model
  • Build credit score and make credit offer
    With consent, the lender uses this data for underwriting, build a credit score and makes a credit offer to the MSMEs
  • Complete the KYC
    The MSME provides his bank account details for real-time loan disbursement and based on the type of the business you can complete KYC
  • Take mandate either digitally or physically
    Take mandate either digitally or physically based on the customer for repayments
IRIS Credixo empowering financial institute for building Credit score for Lending using GST Data

What does GST Data have?

Statewise bifurcation of B2B and B2C , Breakup of sales
Vendor Data
Details of vendors across products and their breakdown
Customer Data
Details of customers across products and their breakdown
Purchase Data
Inward supplies of goods and services with company health trends
Sales Data
Outwards supplies of goods and services, aggregate turnover and HSN – wise summary with company health trends
Public Data
GST registration details and compliance status

Why IRIS Credixo?

IRIS Credixo is at the intersection of Digital Data and Lending Demand. It allows technology-driven credit scoring. The assessment models are driven by a massive volume of data from various disparate sources, compiled and analysed extensively with the help of algorithms to derive useful insights.

The resulting credit score is then used by lenders to take decisions pertaining to the financing of loans such as assigning interest rates, quantum of loans, deciding on repayment terms, timelines, etc.

  • Green Arrow
    Arrests increase in NPAs
  • Green Arrow
    Creates robust credit appraisal process
  • Green Arrow
    Monitors cash flows
  • Green Arrow
    Measures borrower’s business
  • Green Arrow
    Enhances ability to give loans
  • Green Arrow
    Allows access to their suppliers
IRIS Credixo is at the intersection of Digital Data and Lending Demand

Future With Open Banking

Evolution of lending with GST data and E Way bill information to explain future of open banking
Customer-centric Solutions
Helps build customer’s complete financial profile facilitating innovative lending offerings and making lending more customer centric.
Data with Insights
Transaction data with GST data along with MCA filings data and bank statements can prevent defaults with early warnings
360° Monitoring
Enables efficient collection by tracking funds and triggering alerts when customer misses repayments for any loan taken across all lending firms.
Superior Credit Assessment
Improve customer experience with digitization, advances in data analysis, intelligent use of tech, AI and machine learning by building superior credit assessment models.

What more can you do with IRIS Data-Based Lending Solution?

Integrate other data sources
  • Annual filings with MCA
  • Income Tax Return
  • Bank statements
Create and define credit templates
  • Populate data in templates
  • Early warning systems
  • Fraud Detection
Evaluate Vendors
  • Check compliance
  • Filing scorecard
  • Vendor risk rating

IRIS Data-Based Lending Blogs

Request a demo or get in touch to learn more about how IRIS Credixo can help you in Credit Evaluation and Portfolio Monitoring

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