Spandana deploys Mobicule’s NetraScan to Secure over One Crore Customer KYCs in Rural India

Mobicule Technologies, a leading digital AI based customer onboarding, has partnered with Spandana Sphoorty Financial to enhance customer acquisition and document processing. Spandana Sphoorty Financial Ltd. is a rural-focused non-banking financial company and a microfinance lender (NBFC-MFI) with a geographically diversified presence in India. The company offers income generating loans under the joint liability group (JLG) model, predominantly to women from low-income households in rural areas. With the business-critical goal of ensuring RBI-compliant customer onboarding and document security, NetraScan was the only platform to be trusted. NetraScan is a dominant player in the mobile scanner app industry, with industry-first Offline OCR and Aadhaar masking feature in India, thus ensuring multiple levels of security of customer data in the onboarding pipeline itself.

• Spandana serves low-income households in rural India, requiring secure customer onboarding.
• Protection of customer data, especially AADHAAR card information, was paramount
• Ensuring data privacy and preventing fraud were critical concerns.
• Meeting RBI compliance standards for document processing was essential.

• Mobicule's NetraScan offered a secure document scanning consumer app and advanced digital KYC product.
• The partnership focused on acquiring customers securely, masking AADHAAR card details, and enhancing document processing.
• NetraScan prevented identity theft and unauthorized access to customer information.
• The app was designed to prioritize data privacy and cyber/digital fraud prevention.
• NetraScan's consumer application aims to reach two million downloads by 2024.
• NetraScan enabled seamless onboarding even in remote low/no data areas, using its proprietary offline OCR and masking solutions.

• The partnership between Mobicule and Spandana facilitated secure customer onboarding and document digitization.
• Protection of sensitive customer information, especially AADHAAR card details, was ensured.
• The collaboration empowered secure digital financial onboarding for thousands of women just coming under the financial and credit umbrella.

Mobicule's NetraScan played a pivotal role in securing over one crore customer KYCs in rural India. The partnership with Spandana exemplifies the power of technology in achieving secure and compliant customer onboarding, even in remote areas. NetraScan's success showcases its commitment to data privacy and fraud prevention, making it a trusted choice in the industry.