Bytes - Overview and Guide

Introduction

This guide provides an in-depth overview of Decentro's Bytes module, designed to empower businesses across finance, lending, insurance, and compliance sectors by harnessing alternative data.

The module offers a suite of APIs that facilitate identity verification, credit assessment, and data mapping, thereby enhancing customer onboarding, fraud detection, and regulatory compliance processes.

1. Mobile to X Suite of APIs

Enables retrieval of diverse data types associated with a mobile number, enhancing identity verification and fraud detection.

The Mobile to X suite allows businesses to access various data points linked to a customer's mobile number.

This capability is instrumental in verifying identities, developing alternative scoring models, detecting fraud, and completing KYC processes efficiently.

API	Description	Use Case Example
Mobile to PAN	Retrieves the PAN number linked to a mobile number.	Lending: Instantly fetch a potential borrower's PAN to expedite KYC during onboarding.
Mobile to Udyam	Retrieves the Udyam number linked to a mobile number.	MSME Loans: Verify a business's MSME registration status to ensure compliance with lending criteria.
Mobile to Name	Fetches the registered name associated with a mobile number.	Fraud Detection: Confirm that the provided name matches official records to prevent identity fraud.
Mobile to VPA Basic	Fetches basic information associated with a Virtual Payment Address (VPA).	Payments: Authenticate VPAs to prevent transactions to fraudulent accounts.
Mobile to VPA Advance	Retrieves detailed information linked to a VPA.	Banking: Cross-reference VPAs with bank account details to ensure secure UPI transactions.

By integrating these APIs, businesses can streamline customer verification processes, reduce fraud, and enhance overall operational efficiency.

2. ID Converter Suite of APIs

Facilitates seamless mapping between various identification forms, aiding in compliance and fraud prevention.

The ID Converter suite enables businesses to interlink different forms of identification, simplifying processes such as compliance checks, fraud detection, and customer onboarding.

API	Description	Use Case Example
PAN to GSTIN	Retrieves the GSTIN associated with a PAN number.	Tax Compliance: Verify a vendor's GST registration to ensure tax compliance.
PAN to Udyam	Retrieves the Udyam number using PAN information.	MSME Verification: Confirm the Udyam registration of a small business applying for a loan.
PAN to Mobile & Email	Fetches the mobile number and email associated with a PAN.	KYC Completion: Obtain missing contact details during account creation to complete KYC processes.
RC to Chassis Number	Retrieves the chassis number linked to a vehicle's registration certificate (RC).	Insurance: Validate vehicle details before issuing a policy to ensure accurate coverage.

Implementing these APIs assists businesses in maintaining accurate records, ensuring compliance, and preventing fraudulent activities.

3. Credit Bureau

Provides comprehensive credit reports and demographic data pull, essential for assessing creditworthiness and identity validation.

The Credit Report API offers access to detailed credit information and demographic data pull, supporting informed decision-making in financial services.

Feature	Description	Use Case Example
Credit Report	Provides a detailed credit report, including credit score and outstanding liabilities.	Loan Approval: Assess a customer's creditworthiness to make informed lending decisions.
Data Pull	Pull the Demographic data of users that was reported to Credit Bureau	Fraud Prevention: Ensure the authenticity of identity documents to prevent fraudulent account creation.

Utilizing this API enables financial institutions to evaluate risk accurately and comply with regulatory standards.

4. Alternate Data Suite

Offers access to non-traditional data sources for a holistic view of customer profiles, enhancing decision-making.

The Alternate Data Suite allows businesses to gather supplementary data linked to a user's mobile number, such as social profiles, phone tenure, and device intelligence.

This information enriches customer profiles, aiding in more accurate assessments and personalized service offerings.

Feature	Description	Use Case Example
Social Profile Data	Retrieves social media profiles associated with a mobile number.	Marketing: Tailor marketing strategies based on a customer's social media presence and activity.
Phone Tenure	Provides the duration of ownership of the mobile number.	Credit Assessment: Use phone tenure as an alternative data point to evaluate customer stability.
Device Intelligence	Offers insights into the device associated with the mobile number.	Fraud Detection: Identify potential fraud by analyzing device information for inconsistencies.

Incorporating this API assists businesses in making data-driven decisions, improving customer engagement, and mitigating risks.

Use Case Examples for the Entire Bytes Module

Loan Origination and Underwriting: Financial institutions can utilize the Mobile to X and Credit Report APIs to swiftly verify applicant identities and assess creditworthiness, reducing approval times and enhancing customer satisfaction.
Fraud Prevention: The ID Converter and Alternate Data APIs enable businesses to cross-reference identification information and analyze alternative data sources, effectively detecting and preventing fraudulent activities during customer onboarding.
Regulatory Compliance: By leveraging the Credit Report and ID Converter APIs, organizations can ensure adherence to regulatory requirements, maintaining accurate records and facilitating seamless audits.