What is Digitap.AI's onboarding suite?

Digitap.AI's onboarding suite provides end-to-end APIs for digital onboarding of customers, including Aadhaar-based KYC, OCR & validation of KYC documents, and Video KYC.

What is Digitap.AI's alternate data suite?

Digitap.AI's alternate data suite offers solutions to assess the creditworthiness of customers based on alternate data sources such as bank statements, device data, e-commerce data, social media data, and telecom data.

Is Digitap.AI a certified TSP for Account Aggregators?

Yes, Digitap.AI is a certified Technical Service Provider (TSP) providing Financial Information User (FIU) module with integrations to all Account Aggregators. They also provide variables necessary for credit underwriting.

What is Digitap.AI's expense manager?

Digitap.AI's expense manager is an SDK that allows their clients to access the expenses of their customers. It also provides personalized and contextualized insights for cross-selling various products.

Where is Digitap.AI located?

Digitap.AI Enterprise Solutions Private Limited is located at Novel MSR Park, 5th Floor, K. No. 731/2389, 93/9, Varthur Main Road, Marathahalli, Bangalore – 560037, India.

Digitap AI Solutions

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Digitap AI Solutions provides AI-powered SaaS APIs for customer onboarding, risk management, and credit underwriting in the banking and fintech sectors.

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Updated:Nov 12, 2024

What is Digitap AI Solutions

Digitap AI Solutions is an enterprise SaaS company that offers cutting-edge artificial intelligence and machine learning solutions for the banking, financial services, and fintech industries. Founded with the vision to be a leading provider of AI-based solutions, Digitap focuses on empowering financial institutions with advanced tools for customer onboarding, automated risk management, fraud detection, and credit underwriting. Their suite of API-based products leverages alternative data sources and proprietary machine learning algorithms to enable faster, more accurate decision-making in financial services.

Key Features of Digitap AI Solutions

Digitap AI Solutions provides advanced AI/ML-powered SaaS solutions for banks, NBFCs, and fintech companies. Their offerings include customer onboarding, automated risk management, credit underwriting, fraud detection, and expense management tools. Digitap leverages alternative data sources and proprietary machine learning algorithms to enable faster, more accurate, and cost-effective financial services.

Onboarding Suite: End-to-end APIs for digital customer onboarding, including Aadhaar-based KYC, document validation, and Video KYC.

Alternate Data Suite: Credit assessment solutions using alternative data from bank statements, devices, e-commerce, social media, and telecom.

Account Aggregator TSP: Certified Technical Service Provider for Account Aggregator framework, providing FIU module and credit underwriting variables.

Expense Manager: SDK allowing clients to access and analyze customer expenses, with personalized insights for cross-selling.

Automated Risk Management: Advanced scorecards for risk evaluation using network, SMS, social media, e-commerce, and cash flow data.

Use Cases of Digitap AI Solutions

Digital Lending: Enable faster and more accurate credit decisions for banks and NBFCs using alternative data and AI-powered risk assessment.

Fraud Detection: Identify potential fraudulent activities during customer onboarding and transactions using machine learning algorithms.

Personal Finance Management: Provide customers with insights on their spending patterns and personalized financial advice through the Expense Manager tool.

Regulatory Compliance: Streamline KYC processes and ensure compliance with regulations using the Onboarding Suite and Account Aggregator solutions.

Pros

Comprehensive suite of AI-powered solutions for financial services

Leverages alternative data sources for more accurate risk assessment

Scalable and customizable to meet specific client needs

Fast integration and dedicated support for quick deployment

Cons

Potential privacy concerns with the use of alternative data sources

May require significant changes to existing systems for full implementation

Effectiveness may vary depending on the quality and availability of data in different markets

How to Use Digitap AI Solutions

Request a demo: Visit the Digitap website and click on 'Get a Live Demo' to schedule a demonstration of their AI solutions.

Choose relevant solutions: Select from Digitap's offerings like Onboarding Suite, Alternate Data Suite, Account Aggregator TSP, or Expense Manager based on your needs.

Get API access: Click on 'Get Free API' to obtain API credentials and documentation for integrating Digitap's solutions.

Integrate APIs: Use the provided API documentation to integrate Digitap's solutions into your systems and workflows.

Configure settings: Set up and customize the solutions based on your specific requirements, with support from Digitap's team.

Test and validate: Thoroughly test the integrated solutions to ensure proper functionality and data flow.

Go live: Once testing is complete, deploy the Digitap solutions in your production environment.

Monitor and optimize: Continuously monitor performance and work with Digitap's support team to optimize and scale as needed.