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Hyderabad based i-lend, which helps connect borrowers and lenders ready to provide money has tied up with US-based, Jocata, an anti-money laundering fraud control technologies firm.
i-lend, is an initiative of Dipamkara Web Ventures, which helps borrowers get loans at lower rates and lenders get better returns from mutually beneficial transactions through its platform.
Jocata has built a comprehensive Know Your Customer (KYC) solution to suit the requirements of i-lend, which will help the latter verify borrowers online in a span of 30 minutes. i-lend is the first company that has implemented such a model of quick and comprehensive verification, it claimed in a press release.
V V S S B Shankar, Founder, said: “i-lend will be using this application to assess the borrowers KYC in few minutes and approve the loan requests”.
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