Overview

In today's data-driven ecosystem, the ability to tap into alternative data sources is not just an advantage—it's a necessity.

The Alternate Data API Suite is a groundbreaking toolkit designed to empower organizations by providing deep insights into a user's digital footprint, social presence, and telecom engagement, all through the lens of their mobile number.

Comprising the Social Intelligence API and the Phone Tenure API, this suite is engineered to redefine how businesses assess risk, onboard customers, and personalize experiences.

Traditional data points like credit scores and income statements paint an incomplete picture of an individual's reliability and potential. Alternate data fills this gap by offering:

• Holistic Customer Profiling: Understand users beyond financial metrics.
• Enhanced Risk Assessment: Mitigate risks by analyzing behavioral patterns.
• Market Expansion: Reach underserved segments with limited credit history.
• Innovation in Services: Tailor offerings based on nuanced insights.

Key Features of the Alternate Data API Suite:

• Expansive Social Data: Access over 20+ social platforms, with continuous updates to include emerging networks.
• Telecom Tenure Insights: Uncover detailed phone usage patterns and network longevity.
• Digital Maturity Metrics: Gauge a user's digital age and online engagement levels.
• Robust and Secure Integration: Benefit from APIs that prioritize speed, reliability, and data protection.

Alternate Data Use Cases

1. Revolutionizing Credit Scoring for the Unbanked

Consider a millennial entrepreneur with a minimal credit history but a rich digital presence. Traditional credit models might flag them as high-risk due to a lack of historical data. By leveraging the Social Intelligence API, lenders can:

• Assess Digital Footprint: Analyze social engagement across multiple platforms.
• Evaluate Digital Trustworthiness: Use online behavior patterns as proxies for reliability.
• Expand Credit Access: Confidently extend credit to individuals previously deemed unscorable.

2. Fortifying Fraud Detection Mechanisms

Fraudsters often exploit gaps in verification processes. The Alternate Data APIs help organizations:

• Cross-Validate Information: Ensure consistency between declared and actual social profiles.
• Detect Anomalies: Identify discrepancies in phone tenure that might indicate fraudulent activity.
• Strengthen Security Protocols: Add layers of verification without compromising user experience.

3. Elevating Customer Segmentation and Personalization

Marketing strategies thrive on accurate customer segmentation. With these APIs, businesses can:

• Tailor Campaigns: Create hyper-personalized marketing messages based on social interests and digital behavior.
• Predict Customer Needs: Anticipate user requirements by understanding their online interactions.
• Enhance Engagement: Foster deeper connections through relevant and timely outreach.

4. Streamlining Onboarding and Enhancing KYC

First impressions matter. The APIs facilitate:

• Seamless Onboarding: Reduce friction by auto-filling user information where permissible.
• Efficient Verification: Accelerate KYC processes with reliable alternative data.
• Compliance Assurance: Maintain adherence to regulatory standards while optimizing user experience.

1. Social Intelligence API - Understanding Customer Digital Persona

The Social Intelligence API offers insights derived from their activity across various social platforms.

• Behavioral Insights: Understand user interests, affiliations, and engagement levels.
• Risk Mitigation: Identify potential red flags through social activity patterns.
• Market Intelligence: Inform product development with trends observed in user communities.
• Multi-Platform Access: Over 20+ social networks and counting.
• Real-Time Data: Up-to-the-minute information ensures decisions are based on current data.
• Comprehensive Metrics: From user existence to the digital age, gain a multi-dimensional view.

Endpoint

POST /v2/bytes/alternate-data/social-intelligence

Sample Request Body

{
  "reference_id": "unique-transaction-id-12345",
  "consent": true,
  "purpose": "Assessing user's social presence for personalized credit offerings",
  "mobile": "9876543210"
}

Request Parameters Explained

• reference_id: (String) A unique identifier for your transaction, ensuring traceability.
• consent: (Boolean) Compliance with data protection laws requires explicit user consent.
• purpose: (String) A clear statement of why the data is being requested.
• mobile: (String) The user's mobile number, serves as the key to unlock social data.

Sample Response Body

{
    "decentroTxnId": "XXXXXXXXXXXXX",
    "status": "SUCCESS",
    "responseKey": "success_social_data_fetched",
    "message": "Social Intelligence Data from Alternate Data Sources Fetched Successfully.",
    "data": {
        "socialProfilesFound": 15,
        "accountDetails": {
            "FLIPKART": {
                "userExists": true
            },
            "SNAPDEAL": {
                "userExists": true
            },
            "HOUSING": {
                "userExists": false
            },
            "FACEBOOK": {
                "userExists": true
            },
            "INSTAGRAM": {
                "userExists": false
            },
            "SKYPE": {
                "userExists": false
            },
            "MICROSOFT": {
                "userExists": false
            },
            "WHATSAPP": {
                "status": "",
                "userExists": true
            },
            "SHAADI": {
                "userExists": false
            },
            "JEEVANSATHI": {
                "userExists": false
            },
            "INDIANEXPRESS": {
                "userExists": false
            },
            "DIGILOCKER": {
                "userExists": true
            },
            "POLICYBAZAR": {
                "userExists": false,
                "userInEcosystem": true
            },
            "NOBROKER": {
                "userExists": false
            },
            "BYJU": {
                "userExists": false
            },
            "IRCTC": {
                "userExists": true
            }
        },
        "digitalAge": {
            "year": 2017,
            "month": 5,
            "age": "7+"
        },
        "phoneMeta": {
            "operator": "Airtel",
            "isPostpaid": true,
            "circle": "Delhi NCR"
        }
    }
}

Response Data Unpacked

socialProfilesFound

• Type: Integer
• Description: Total count of social platforms where the user is active.
• Insight: A higher number may indicate a digitally savvy user, potentially correlating with certain risk profiles or customer segments.

accountDetails

• Type: Object
• Description: Detailed existence status across various social platforms.
• Fields:
  • userExists: Indicates if the user has an account on the platform.
  • status (Optional): For platforms like WhatsApp, may include status messages.

Note: The platforms included are extensive, covering both mainstream and niche networks to provide a comprehensive view.

digitalAge

• Type: Object
• Fields:
  • year: The earliest year of detected online activity.
  • month: The month corresponding to the earliest activity.
  • age: A friendly representation of the user's digital tenure.

Insight: Users with longer digital histories may be more stable and predictable in their behaviors.

phoneMeta

• Type: Object
• Fields:
  • operator: The user's mobile network provider.
  • isPostpaid: Indicates if the user is on a postpaid plan.
  • circle: The telecom circle or region associated with the number.

Insight: Postpaid users often undergo more stringent verification, potentially indicating a higher trust level.

2. Phone Tenure API - Measuring Stability Through Telecom Data

The Phone Tenure API provides insights into the user's relationship with their mobile number and network, offering indirect cues about their stability and reliability.

• Stability Indicator: Longer phone tenure may correlate with stable behavior patterns.
• Risk Assessment: Frequent number changes could signal higher risk.
• Supplementary Verification: Validates information provided during onboarding.
• Network Age: Exact duration of the user's association with their mobile network.
• Operator and Plan Type: Understanding the user's telecom choices.
• Regional Data: Verifying claimed locations with telecom circle information.

Endpoint

POST /v2/bytes/alternate-data/phone-tenure

Sample Request Body

{
  "reference_id": "unique-transaction-id-67890",
  "consent": true,
  "purpose": "Evaluating phone tenure for loan eligibility",
  "mobile": "9876543210"
}

Request Parameters Explained

• Consistent with the Social Intelligence API, ensuring seamless integration.

Sample Response Body

{
  "decentroTxnId": "txn-fghij67890",
  "status": "SUCCESS",
  "responseKey": "success_phone_tenure_data_fetched",
  "message": "Phone tenure data fetched successfully.",
  "data": {
    "ageOnNetworkRange": "5 to 6 Years",
    "dateOfNetworkInitiation": "2017-09-15",
    "operator": "Airtel",
    "isPostpaid": true,
    "circle": "Delhi NCR"
  }
}

Response Data Unpacked

ageOnNetworkRange

• Type: String
• Description: An estimated range indicating the duration of the user's association with their network.
• Insight: Longer tenure often suggests reliability and lower default risk.

dateOfNetworkInitiation

• Type: String (Date)
• Format: YYYY-MM-DD
• Description: The exact date when the user joined the network.
• Insight: Can be cross-referenced with other data points for verification.

operator, isPostpaid, circle

• Consistent with previous explanations, providing context for the user's telecom profile.

Opportunities

dBy integrating these APIs, organizations can:

• Unlock New Opportunities: Reach customers previously beyond your scope.
• Enhance Decision-Making: Base strategies on comprehensive, real-time data.
• Drive Growth: Differentiate your offerings in a competitive market.

This can lead to:

• FinTech Evolution: Redefine lending paradigms with enriched data models.
• Insurance Transformation: Tailor premiums based on nuanced risk profiles.
• E-commerce Personalization: Offer bespoke shopping experiences.

3. Company Financials API - Detailed Corporate Fiscal Profiles

The Company Financials API offers a comprehensive view into a company's financial health, stability, and growth potential by leveraging data tied to corporate identifiers like CIN or PAN.

This data can play a crucial role in informing lending decisions, supplier vetting, and investment strategies.

• Holistic Financial Insights: Understand a company's balance sheet, profit & loss, and operational dynamics.
• Risk Mitigation: Identify financial red flags, debt levels, and historical performance trends.
• Compliance & Verification: Validate data against official filings to ensure credibility and reduce fraud.
• Strategic Decision-Making: Use in-depth financial metrics to guide credit evaluation, partnership decisions, and investment ventures.

Key Features of the Company Financials API:

• Granular Financial Breakdown: Detailed balance sheets, profit & loss statements, and cash flow data.
• Historical Data Access: Multiple years of financials to track consistency and growth patterns.
• Industry-Agnostic: Applicable across varied sectors—from manufacturing to services.
• Regulatory Alignment: Data points sourced from credible, compliant filings and verified information.
• Rich Analytics: Gain insights like trust scores, stability indicators, and operational health metrics.

Endpoint

POST /v2/bytes/alternate-data/company-financials

Sample Request Body

curl --location 'https://in.decentro.tech/v2/bytes/alternate-data/company-financials' \
--header 'client_id: XXXXXXXX' \
--header 'client_secret: XXXXXXXX' \
--header 'Content-Type: application/json' \
--data '{
  "reference_id": "XXXXXXXX",
  "document_type": "CIN",  
  "id_number": "U74899DL1987PTC026791",  
  "consent": true,
  "purpose": "To retrieve company financial data"
}'

Request Parameters Explained

• reference_id: (String) A unique transaction identifier for tracking and auditing requests.
• document_type: (String) The type of company identifier provided—e.g., "CIN" or "PAN".
• id_number: (String) The corporate ID associated with the company.
• consent: (Boolean) Indicates that required consent has been obtained to fetch financial data.
• purpose: (String) A clear justification for why the financial information is being requested.

Sample Response Body

{
    "decentroTxnId": "66B5C66AF5E94FCE8F164A5D771DBCEA",
    "status": "SUCCESS",
    "responseCode": "S00000",
    "message": "Company financial data retrieval successful.",
    "data": {
        "company": {
            "website": "http://www.hydraulicpressnet.com/",
            "registeredAddress": {
                "pincode": "110064",
                "fullAddress": "C-196/2, 2ND FLOOR,   MAYAPURI, PHASE-2, NEW DELHI, Delhi - 110064",
                "state": "Delhi",
                "addressLine2": "",
                "addressLine1": "C-196/2, 2ND FLOOR,   MAYAPURI, PHASE-2",
                "city": "NEW DELHI"
            },
            "activeCompliance": "ACTIVE compliant",
            "businessAddress": {
                "pincode": "110064",
                "state": "Delhi",
                "addressLine2": "Mayapuri",
                "addressLine1": "C-196/2, 2nd Floor, Phase-2,",
                "city": "New Delhi"
            },
            "cirpStatus": "",
            "lastFilingDate": "2023-03-31",
            "cin": "U74899DL1987PTC026791",
            "classification": "Private Limited Indian Non-Government Company",
            "lei": {
                "number": "335800KSEDWC94DH5K58",
                "registrationDate": "2024-04-29",
                "lastUpdatedDate": "2024-04-29",
                "nextRenewalDate": "2025-04-29",
                "status": "ISSUED"
            },
            "paidUpCapital": "9425000",
            "lastAgmDate": "2023-09-30",
            "sumOfCharges": "119276291",
            "authorizedCapital": "20000000",
            "nextCin": "",
            "efilingStatus": "Active",
            "legalName": "FLOWMECH ENGINEERS PRIVATE LIMITED",
            "pan": "AAACF3168K",
            "incorporationDate": "1987-01-27",
            "email": "[email protected]",
            "status": "Unlisted"
        },
        "financials": [
            {
                "bs": {
                    "liabilities": { ... },
                    "metadata": { ... },
                    "assets": { ... },
                    "notes": { ... },
                    "subTotals": { ... }
                },
                "cashFlow": "",
                "auditorComments": { ... },
                "auditorAdditional": "",
                "year": "2023-03-31",
                "nature": "STANDALONE",
                "filingStandard": "Schedule III",
                "auditor": { ... },
                "statedOn": "2023-03-31",
                "filingType": "E_FORM",
                "pnlKeySchedule": { ... },
                "pnl": { ... }
            }
        ]
    },
    "responseKey": "success_company_financials_found"
}

Response Data Unpacked

company

• Type: Object
• Description: Detailed corporate profile, including registration data, addresses, compliance status, and key identifiers.
• Key Fields:
  • cin: Corporate Identification Number (CIN) or equivalent ID.
  • legalName: Official company name.
  • incorporationDate: Date the company was legally registered.
  • authorizedCapital, paidUpCapital: Indicators of the company’s financial framework.
  • efilingStatus, activeCompliance: Compliance-related statuses.

Insight: Basic corporate metadata helps assess the company's authenticity, compliance standing, and basic governance structures.

financials

• Type: Array of Objects (Year-wise financial data)
• Description: Each element provides an in-depth view of the company’s financial performance for a given year.
• Key Fields:
  • bs: Balance Sheet data, including assets, liabilities, and equity structure.
  • pnl: Profit & Loss data, capturing revenue streams, expenses, and profitability metrics.
  • auditor, auditorComments: Information related to the auditing firm, their remarks, and the credibility of the statements.
  • year: The financial year for which data is provided.
  • filingType, filingStandard: Indicates the nature and standards followed in financial reporting.

Insight: Historical financial records enable trend analysis, stability checks, and long-term creditworthiness assessments.

pnlKeySchedule, notes, subTotals

• Type: Nested Objects
• Description: Provide granular breakdowns, such as managerial remuneration, depreciation, and inventory details.
• Insight: Offers a more nuanced understanding of costs, revenue sources, and operational efficiency.

Opportunities

By integrating the Company Financials API, businesses can:

• Credit Risk Analysis: Lenders can refine underwriting models using granular financial indicators.
• Supply Chain Vetting: Evaluate vendor stability, ensuring reliable procurement channels.
• Investment Feasibility: Investors and analysts can identify growth patterns and profitability trends.
• Compliance and Due Diligence: Validate corporate data against official filings to meet regulatory requirements.

Getting Started

Ready to transform your data strategy?

• Contact Us: Reach out to our integration specialists for personalized support.
• Documentation: Explore detailed guides and resources to facilitate integration.
• Sandbox Environment: Test the APIs in a controlled setting before going live.

Join the vanguard of data-driven organizations and unlock the full potential of the Alternate Data API Suite today.