Digital KYC for NBFCs refers to RBI-approved electronic verification of a borrower’s identity using Aadhaar, PAN, liveness checks, and document validation. It removes paperwork, speeds up onboarding, and ensures compliance with RBI and DPDP guidelines.
How does an NBFC KYC software provider help improve approval rates?
An NBFC KYC software provider standardises Aadhaar, PAN, address, and bank verification, ensuring clean borrower data reaches LOS/LMS systems. This reduces underwriting pendencies and improves first-time approval rates.
Can Meon integrate Digital KYC into our existing LOS or LMS?
Yes. Meon integrates seamlessly with LOS/LMS platforms through APIs, pushing verified Aadhaar, PAN, address, IPV, and bank account details directly into loan files without manual intervention.
How does Meon help NBFCs reduce onboarding fraud?
Meon detects duplicate borrowers, mismatched identities, spoofing attempts, high-risk devices, and proxy bank accounts. These early-stage checks help reduce impersonation and first-payment-default risks.
Does Meon support remote and rural lending workflows?
Yes. Meon includes low-bandwidth IPV, mobile-first onboarding, multilingual UI, and guided flows that support NBFCs, MFIs, and field officers operating in Tier 2–6 and remote regions.