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.

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.

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.

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.

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

5. Beacon – Discover New Businesses Before Anyone Else

Uncover Fresh, High-Intent Business Leads Every Day

Beacon is an intelligent lead-sourcing platform that delivers verified, high-intent corporate and business leads straight to your team — powered by multiple sources.
With it, you gain early access to newly registered companies and the key decision-makers behind them — helping you connect first, build relationships early, and stay ahead of the competition.

Why Beacon?
In a world where timing defines opportunity, Beacon ensures your sales and marketing teams are always the first to know when a new company is born.
Whether your goal is to sell financial products, SaaS solutions, or B2B services, Beacon enables you to reach newly incorporated businesses while they are actively setting up operations and open to new partnerships.

What You Get?

• Fresh Business Leads, Daily : Tap into a continuously updated stream of entities from official sources.
• Verified Entity Details: Access comprehensive company profiles — including business name, registration data, industry, and location.
• Director & Key Signatory Contacts: Gain direct access to the contact details of company directors or authorised signatories, empowering precise and impactful outreach.

Who Uses Beacon?
Beacon is trusted by:

• B2B Sales Teams – to discover and engage high-intent prospects first.
• Financial Institutions – to offer banking, insurance, or lending products to new businesses.
• SaaS & Service Providers – to connect with startups and SMEs looking for operational tools.
• Channel Partner Managers – to identify and onboard new partners as soon as they register.

The Beacon Advantage

• First-Mover Access – Identify and engage new businesses before your competitors.
• Verified, High-Quality Data – Sourced directly from government-verified datasets.
• Precision Targeting – Reach decision-makers, not generic contacts.
• Actionable Intelligence – Empower your outbound strategy with reliable, structured data delivered daily.

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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.

6. 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.