[Exclusive Interview] This Is How Fintelle Is Offering Financial Intelligence Powered With AI For Verification, Onboarding & More

Recently, we interacted with Pratyush Chandramadhur, Chief Business Officer, AuthBridge Research Services, which provides AI Powered verification and on-boarding services. We asked about their latest product called Fintelle, which offers KYC Solutions, Digital Customer Onboarding, and Fraud & Identity Management for financial services.

Here are the interview highlights:

• Kindly brief us about the company, its specialization, and the services that your company offers.

Fintelle is an AuthBridge brand that provides Financial intelligence to Banking and Financial Institutions. We bring cutting-edge Authentication Technology, Alternate Data services, and Digital Solutions to the BFSI ecosystem. Fintelle is powered by NASSCOM-certified AI capabilities and an analytical engine that has the potential to onboard up to 1 million+ customers every day.

Fintelle is built on a robust tech stack focused on real-time results, speed, scalability, compliance, and enhanced customer experience. The solutions offered by Fintelle use technologies like image analytics, optical character recognition (OCR), face match, video liveness detection, and digital address verification and digital signatures to facilitate contactless and paperless onboarding during account opening, lending, underwriting, agent onboarding, and customer management. Fintelle’s Video KYC and Digital KYC solutions can lead to up to 70% savings in operational costs and up to 90% in operational time. Its industry-first Digital Address Verification solution verifies the identity and address of an individual in near real-time using advanced analytical tools and APIs. The Digital Document Transaction Management Platform offered by Fintelle is equipped with various digital signature options, leading to 10X faster document preparation and signing.

We are uniquely positioned to support financial services with our deep domain understanding along with exposure to cutting-edge Authentication Technology and Alternate Data services. In addition to Alternate Data, solutions like Decision Analytics and Digital platforms support financial institutions to seize broader business benefits within the ever-evolving regulatory framework, especially in a post-pandemic world. Fintelle brings a sharp understanding of KYC guidelines, execution of various customer journeys, and seamless digital onboarding together in one place.

• Kindly brief us about your role at AuthBridge and your journey in this highly promising sector.

I head revenue and business at AuthBridge as the Chief Business Officer for Fintelle. Fintelle aims to integrate financial intelligence with modern banks, NBFCs, Fintech, insurance, asset management firms, and e-commerce. 

Fintelle is run by financial professionals, who aim to build the most trusted brand in authentication technology. With this thought, Fintelle continuously innovates to provide future-ready, industry-best Digital platforms that are cost-effective while ensuring regulatory compliance. 

Building end-to-end solutions for our partners to significantly boost their revenue growth through the digitization of manual processes is imperative for us. Additionally, we are concentrating on changing risk detection with data and real-time analytics and employing alternate data to improve the quality and speed of customer onboarding.

• What is the edge your company has over other players in the industry?

Fintelle holds a perfect balance and amalgamation of technology capabilities and BFSI domain expertise. We have been able to provide innovative solutions catering to complex problems and opportunities available in the fast-changing BFSI space. We are completely aligned with the focus on customer data privacy and consent management wherever applicable and have taken care of this in our journeys.

• How do you see the company and the industry in the future ahead?

The sentiments of both the users and technology providers are very positive and strong. The need of the hour is to digitize processes aggressively but with inbuilt risk mitigation and fraud identification tools. Fintelle is working towards providing advanced solutions catering to BFSI requirements. 

• What’s your growth plans for the next 12/24 months?

Enabling our partners to digitize their operations and boost revenue growth with our end-to-end solutions.

Additionally, we are concentrating on changing risk detection with data and real-time analytics and employing alternative data to improve the quality and speed of client acquisition.

• Please brief us about the products/solutions you provide to your customers and how they get value out of it.

Fintelle offers a complete range of tech capabilities for the authentication and verification of individuals and businesses. It offers an API gateway that covers 100+ APIs available as a portal and plug-and-play modules. 

We offer KYC solutions, Corporate and Non-Corporate business information reports, Litigation checks, Digital address verification, and many more platforms and modules. All these are integrated with microservices for instant risk triggers and detection including liveness check, document forgery check, and speech biometrics.

Our goal at Fintelle is to deliver simple-to-use products and services throughout client’s lifetime. This makes contactless onboarding, digital underwriting, client management, and business intelligence possible. In conclusion, we have adapted to these market shifts and offer Technology-as-a-Service with the goal of developing a one-stop solution using a plug-and-play methodology. This can make integration simpler while also making data accessible at optimal costs.