Bytes - Overview and Guide

Comprehensive API module that empowers businesses to leverage alternative data for identity verification, fraud detection, and financial decision-making.

Introduction

This document serves as an introductory overview for Business Development Executives or Product Managers looking to solve problems via Alternative Data.

It outlines the key suites of services under the Bytes module, explaining how they can be used to solve alternative data use cases for clients across various industries such as finance, lending, insurance, and compliance. Each suite provides APIs that enable clients to retrieve critical data points for identity verification, credit assessment, and alternate data mapping.


1. Mobile to X Suite of APIs

This suite allows customers to retrieve various types of data associated with a mobile number. These APIs are designed to aggregate and provide alternative data points that assist in identity verification, alternative scoring models, fraud detection, and KYC completion.

APIDescriptionUse Case Example
Mobile to PANRetrieves PAN number linked to a mobile number.Lending: A lender can instantly fetch the PAN of a potential borrower to complete KYC in the onboarding process.
Mobile to UdyamRetrieves Udyam number linked to a mobile number.MSME Loans: A bank uses this to verify the Udyam number to ensure the business is registered under MSME guidelines.
Mobile to NameFetches the registered name associated with a mobile number.Fraud Detection: Used by telecom providers to verify whether the name provided matches the name on file.
Mobile to VPA BasicFetches basic information associated with a VPA (Virtual Payment Address).Payments: Payment apps can verify the authenticity of VPAs to avoid processing payments to fraudulent accounts.
Mobile to VPA AdvanceRetrieves more details along with the Basic VPA details.Banking: Enables banks to cross-check VPAs with bank account data for UPI-based transfers.

2. ID Converter Suite of APIs

The ID Converter Suite helps map one form of ID to another, allowing for seamless data linkages. This suite is critical for businesses that need to establish connections between various identity forms for fraud detection, compliance, or onboarding.

APIDescriptionUse Case Example
PAN to GSTINRetrieves GSTIN associated with a PAN number.Tax Compliance: Helps businesses verify the GST registration of a vendor or partner based on PAN.
PAN to UdyamRetrieves Udyam number using PAN information.MSME Verification: A company verifies the Udyam registration of a small business applying for a loan.
PAN to Mobile & EmailFetches mobile number and email associated with a PAN.KYC Completion: Banks use this API to retrieve missing contact details during account creation.
RC to Chassis NumberRetrieves the chassis number linked to a vehicle's registration certificate (RC).Insurance: Insurers validate vehicle ownership and details before issuing a policy.

3. Credit Report

The Credit Report API enables access to a full credit report and other ID-related data, making it a crucial tool for financial institutions, lenders, and businesses needing to assess creditworthiness.

FeatureDescriptionUse Case Example
Credit ReportProvides a detailed credit report, including credit score and outstanding liabilities.Loan Approval: A lender uses the credit report to assess a customer's creditworthiness for loan disbursement.
ID VerificationVerifies identity details using multiple data sources such as PAN, Aadhaar, and others.Fraud Prevention: A financial service verifies that the provided identity documents are genuine.

Use Case Examples for Entire Bytes Module

  • Loan Origination and Underwriting: Financial institutions can use the Mobile to X Suite and Credit Report APIs to verify the identity and creditworthiness of applicants quickly, improving turnaround time for loan approvals.
  • Fraud Prevention: The ID Converter Suite can be used to cross-check various IDs and detect inconsistencies in onboarding documents, helping businesses prevent fraud during customer acquisition.
  • Regulatory Compliance: Using Account Aggregator APIs, businesses can securely access customer financial data while staying compliant with India's data protection and privacy laws.

Some of the key things that you can do here are:

  • Generate the customer's credit report from any of our partner credit bureaus
  • Fetch the customer's demographic data basis mobile number and name to simplify your onboarding
  • Fetch the customer's name, UPI VPA, account type, IFSC code, and more using the Mobile to VPA Suite of APIs

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UAT Test Data

Real user data is only available in the production environment. In order to properly evaluate Decentro's Financial Services module on the staging / UAT environment, consider using our UAT test data linked here.