Have you heard about “SKIP” from Credit Bureau?

One of the interesting tools offered by the Credit Bureaus on fraud detection is Skip.

Eg. Person-A has bought a credit card from SBI and uses it up to INR 50k, throws away the card and leaves Mumbai and go back to Chennai. SBI tries to contact Person-A several times, goes to his registered address, but he’s not there.

2 years later, Person-A applies for a credit card in Chennai with HDFC, then the bureau will tell the SBI(who is subscribed to Skip) back in Mumbai – here is Person-A with the PAN card registered with you, go catch him 🙂


Related Articles

How Digitization in Loan Origination Process solves the challenges of Banks & NBFCs?

Quick Links

© 2024 LightFi India Private Limited. All rights reserved.
(Formerly known as Habile Technologies)