CreditVidya’s SDK is an android Software Development Kit that can be integrated with native or hybrid android applications. It allows a lender to collect consent-driven data. This unstructured data is then processed on CreditVidya’s AI and machine learning platform help lenders asses the credit risk of the applicant, even when they have scanty or no bureau credit scores.
We understand that smartphone real estate is precious to your customers. CreditVidya’s SDK has been designed to collect data from the mobile device in the most efficient manner possible. This makes the impact on the app negligible.
CreditVidya uses data from your customer’s phone to assess his/her creditworthiness. This granular assessment based on such alternative data points, allows you to provide unsecured credit to sections of the population with no credit history.
Our SDK collects data related to the device as well as that contained in transactional SMSes. Here are some more details:
Apps: We collect and monitor the list of installed apps in the customer’s device.
SMS: We collect and monitor only messages related to financial transactions. These could be a description of the transaction, e.g. debit and credit notifications, and the corresponding balance amount We DO NOT collect any personal SMS data.
Location: Information about the location of your device.
Phone: Specific information about your customer’s device including the hardware model, operating system, unique device identifiers and mobile network information.
Contacts: Information on the list of contacts.
Accounts: The list of profiles in your customer’s device
The wide range of data points (over 10,000) are processed by our platform using deep learning algorithms, to create as rich a customer profile as possible and allow instant credit decisioning for lenders. The more data that is available, the more robust the profile that we can create. Contact list data provides insights into the social network of an applicant, and consequently, helps to ascertain credit risk.
Data related to the device is collected in order to assign a unique ID to devices and ensure that unauthorized users are not acting on behalf of the individual applicant. This is a mechanism to prevent fraud.
No. Our SDK can only access an applicant’s data after they have explicitly granted it permission to do so.
No, CreditVidya does not share your customer’s data with any third party.
Data is collected upon installation and the updated data is collected at regular intervals, when the app is active.
Absolutely. A user can change the settings of the app at any point. To do this, they need to go to ‘settings’ and disable the permissions granted to the app. These can be re-enabled at any point.
This varies with each partner. We purge customer data on the request of lenders.
As close partners of institutional lenders, we hold ourselves accountable to the highest industry standards in data protection and privacy. We are ISO 27001 certified – the first firm in this domain to receive the certification. We use world-class data security and end-to-end encryption techniques to protect the data of your customer
CreditVidya’s SDK is subjected to periodic vulnerability assessment and penetration tests and the reports are shared with clients on request. Feel free to conduct your own security assessment tests on our SDK.
Yes, it does. CreditVidya’s SDK is 100% compliant with Google’s android policy.
Currently, the SDK is approximately 250
No, it is only for android applications.
CreditVidya SDK is very stable and we make constant improvements to performance and security. An SDK upgrade will not happen more than once a month. We inform clients about upgrades to our SDK in advance, so that they can include them in the app upgrades.