E-doc provides a secure Open Banking API that enables third-party access to automated KYC and credit approval processes, facilitating real-time financial data verification and transaction processing. This technology addresses the challenges of limited financial data and regulatory compliance in emerging markets, streamlining customer onboarding for financial institutions.
Funding
$130K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Financial institutions in emerging markets face challenges in accessing reliable customer financial data due to limited data availability and regulatory complexities. Traditional KYC and credit approval processes are often manual, time-consuming, and prone to errors.
Solution
E-doc provides a secure Open Banking API that streamlines customer onboarding and facilitates access to tamper-proof financial data in emerging markets. The platform connects to millions of financial accounts through direct banking connections, enabling real-time data verification and transaction processing. By utilizing a proprietary machine learning model, E-doc overcomes regulatory hurdles and the challenge of limited financial data, providing data-driven insights for financial institutions. The API suite includes solutions for accessing bank statements, assessing risk exposure, verifying employment, and processing direct bank payments.
Target Audience
E-doc primarily serves financial institutions in emerging markets seeking to streamline customer onboarding, improve KYC processes, and access reliable financial data for lending, personal finance, fraud prevention, and payments.
Features
- Open Banking API for secure access to customer financial data
- Direct banking connections to millions of financial accounts
- Proprietary machine learning model to overcome regulatory hurdles and limited data
- E-Link: Access to bank statements, transaction details, and balances
- E-Risk: Real-time risk assessment for SMEs and gig economy workers
- E-Check: Instant employment reference verification
- E-Bank Pay: Instant and recurring direct bank payments
- NDPR and PCI-DSS compliance with advanced encryption and verification processes