The fintech industry has undergone a dramatic transformation in recent years, driven by rapid technological advancements and changing consumer expectations. Financial technology companies are expanding traditional banking by altering the customer experience, modernizing products and services, and in many instances, serving as middlemen between customers and banks. Kissht, a pioneering fintech company in India, has consistently demonstrated its ability to adapt and lead in this dynamic environment. Through the combination of innovative solutions, strategic partnerships, and a user-centric approach, Kissht continues to set the standard for excellence in the Fintech sector. There are various strategies and solutions that have leveraged Kissht to be the frontrunner of the Fintech evolution.
Embrace Technological Innovation & Advancements
A decade ago, the notion that technology could transform a legacy sector like lending seemed quite far-fetched. But with the rise of fintech startups and their digital innovations, the credit landscape has been reoriented, enabling a seamless and hassle-free lending process.
Kissht is the most prominent leader in the Indian Fintech space having full control leveraging automation and advanced algorithms to expedite the loan approval and disbursal process. It believes in keeping all users updated with the latest industry trends, authentic Kissht news, and ways to improve their credit profile to become eligible for larger personal loans.
Eliminates Hassles of the Physical documents
To streamline the loan application process, Kissht emphasizes 100% on a digital process where borrowers can upload the required document using their smartphones. It eliminates the need for submitting physical copies and users can enjoy Kissht’s feature to capture or upload images, PDFs, or scanned copies of their documents.
Faster Loan Approvals
Kissht leverages technology in many ways to speed up loan approvals. The app offers a user-friendly interface to streamline the loan application process. It utilizes electronic verification to reduce the time and effort required for manual verification.
Kissht has a powerful system with credit scoring algorithms to assess the creditworthiness of applicants. With the help of these algorithms, Kissht evaluates different factors including credit history, income, and employment status, to calculate the risk associated with granting a personal loan to the applicant.
Advanced-Data Analytics and AI
Kissht uses machine learning-based statistical models to predict customers’ ability to repay loans and detect fraud.
Personalized Financial Services: By analyzing user data, Kissht tailored its financial products to meet the specific needs of each customer.
Enhance Credit Scoring: AI-driven credit scoring models offer a more precise and close assessment of creditworthiness, expanding access to credit for a broader range of customers.
Fraud Detection: AI and ML algorithms monitor the transactions in real-time, effectively detecting and preventing fraudulent activity.
Commitment to Financial Inclusion: Extending Credit to the Undeserved
Financial inclusion is a core mission for Kissht, and the company has developed several initiatives to bring financial services to underserved and unbanked populations.
Kissht uses its advanced credit assessment tools to extend credit to individuals who may not have access to traditional banking services. By using AI-driven models, Kissht can offer credit to a wider section of people and promote financial inclusion. Kissht enables instant digital loans to lower income groups by developing a unique Kissht score, to enable customers that do not have a CIBIL score.
Educational Initiatives
Kissht emphasis on educating its users about potential fraud and illegal activities. The misinformation related to Kissht Illegal and Kissht Chinese, all allegations and rumors related to this stand baseless because the app is affiliated with the RBI-registered business entity and only creates collaborations with trusted and credible NBFCs in India.
Such tragic incidents generate rumors of Kissht Illegal and Kissht Chinese incidents can happen in any industry. Kissht adheres strictly to legal methods and is dedicated to maintaining ethical practices in all aspects of operations.
Hence, the false allegations of Kissht Illegal and Kissht Chinese were entirely baseless, and misleading. Kissht is among the few business entities in India that think about fostering financial inclusion. They ensure all partners follow RBI’s strict guidelines and are not involved in unethical business practices. Similarly, In order to form a transparent relationship with its users they follow certain steps:
Regular Communication: Sending emails, SMS alerts, and in-app notifications to educate users about safe practices and how to recognize phishing attempts or scams.
Informative Content: Provide detailed FAQs, guides, and blog posts on their website about common financial frauds and how to avoid them.
Customer Support: Offering robust customer support to address any concerns or queries related to security and fraud prevention.
Workshop & Seminars: Conducting the same on personal finance and credit management.
Proactive Compliance and Adaptation
Kissht Fraud department keeps tabs on the latest regulatory & policy updates. Kissht Fraud team remains ahead of regulatory changes through proactive compliance and engagement by:
Regular Audits: Regular internal and external audits ensure compliance with legal and regular requirements.
Policy Updates: Kissht Fraud team continues updates to policies and procedures to align with the latest regulatory guidelines.
Regulatory Engagements: Kissht Fraud Department's Active engagement with regulators ensures that Kissht's perspectives are considered in policy discussions and prepares the company for upcoming changes.
