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RBL Bank, CreditVidya partner for instant Employment Verification

ANI  |  New Delhi [India] 

Fastest growing has announced partnering with CreditVidya, India's leading fintech firm providing to over 25

The partnership will enable to instantly verify the employment details of salaried individuals, consequently reducing the turnaround time for credit assessments.

is amongst the first to be live on Bharat QR, BHIM, Aadhaar Payment Bridge System and other cashless initiatives launched by (NPCI). With its Asset (Advances) segment growing at a CAGR of more than 60 percent, RBL Bank is focused on developing and services to meet the evolving demands in the banking space.

"Through our partnership with CreditVidya, we have been able to to substantially reduce underwriting costs in credit cards and personal loans, and also prevent employment-related fraud. In addition, we have been able to offer seamless customer experience and faster turnaround time for our services," said head retail, inclusion and rural business, RBL Bank, Harjeet Toor.

"We are grateful to RBL Bank's management for continued support and belief in our solutions. They are the new age lender that needs, to ensure that the underserved segments of the population gain access to credit at reasonable rates. Our employment verification engine - EVE, reduces underwriting costs, prevents human errors and employment-related fraud, thus enabling loan approvals within a few minutes for salaried individuals," said co-founder and CEO, CreditVidya,

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 13 2018. 19:20 IST