API – Application Program Interface is the technical term used to refer to that which needs very less integration and allows people to copy and paste the code to get started with. To make it easier for the non-technical people, we can call the API, a product that defines very single process from input to output.
Zoop.One has about 30 – 40 APIs live, currently. In the lending landscape, we have APIs for customer identification and verification such as for PAN card verification, Aadhar card authentication, Voter ID, Passport, and Driver’s License
And for the financial data, we have APIs for bank account verification, bank statement analysis, IFSC check and we have recently launched two new APIs for ITR extraction and Form 26a extraction. Using these two APIs, lenders can extract ITR information and salary information for the previous year as well as in real time with minimal details about any individual.
In addition to these APIs, we provide APIs for OCR, face match and liveness, GST verification for merchant onboarding and asset verification.