Surrogate Product

Instant digital underwriting using alternative data for smarter loan decisions

Robust credit underwriting with secure API-driven insights from payroll, GST, and alternative data sources—enabling faster, more inclusive loan approvals for banks and NBFCs

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Surrogate Program

Surrogate ensures the authenticity of credit applicants by collecting critical data points like, enabling more reliable and informed underwriting decisions

Payroll

Gathers payroll data from the applicant’s HRMS for accurate credit evaluation

GST

Sources GST filing data to streamline loan approvals

Card For Card

Utilizes existing credit card data to check creditworthiness

Bank Statements

Uses applicant’s bank statements for credit assessment

EPFO

Leverages EPFO data for faster and precise loan approvals

Registration Certificate (RC)

Incorporates vehicle RC data into credit underwriting

Business Rules Engine With Intelligent Scorecards

Our advanced rules engine leverages multiple data points to deliver accurate credit decisions while seamlessly optimizing the entire credit application process from data collection to decisioning

Every Step of Credit Underwriting Made Smarter

Our workflow simplifies the process, enabling banks and NBFCs to make more reliable and accurate credit decisions

Discovery

Parse the customer's basic details

Perform various fraud checks

NSDL / Experian / Hunter / TRAI / AML APIs

Check customer serviceability

Negative Pin code

Evaluation

Verify documents to prove credit worthiness

Bureau / Account Aggregator / Payroll / GST / Card-For-Card / GSTN / Transunion

Run the rule engine to check eligibility on policy

Confident Rule Engine

Calculate credit limit

Validation

Verify customer identity

Field verification / Tele verification / e-Gas-bill / V-KYC

Issue loan/card if the above steps are successful

STP / CMS

The Surrogate Advantage

Faster Underwriting

Automated access to surrogate data via APIs accelerates the loan underwriting process

Customise Credit Rules

Tailor credit rules to fit your institution’s specific needs with flexible, data-driven underwriting models

Reduce Risks

Leverage verified alternative data to minimize lending risks and make more informed decisions

Improve Loan Eligibility

Use comprehensive data insights to enhance applicants’ loan eligibility, expanding approval potential

Built for Decision Makers Who Drive Change

Control Risk Exposure for MSME Lending

I lead the risk division of a dynamic, high-growth bank focused on lending to MSMEs. Some Government policies have propelled our growth, but with this expansion comes the pressing need to manage risk exposure effectively. Following a successful initial wave of lending, we aim to renew loans for our existing customers with enhanced limits. However, this requires greater confidence in their financial health, specifically through access to their GST returns. Our current tech systems lack the sophistication needed, and we are seeking a solution to digitally transmit GST data and build workflows around it for underwriting existing customers with increased limits

To Enhance Credit Limits for Existing Customers

As the head of the credit card portfolio for a leading tech-savvy bank, my primary focus is to grow our portfolio by strategically increasing credit limits for eligible customers. To achieve this, I require granular and actionable customer data. Detailed payroll information—such as basic salary, house rent allowance (HRA), and other components for salaried customers—would empower me to make more informed credit limit decisions. Additionally, obtaining these details digitally, rather than through cumbersome hard copies, would significantly enhance scalability while improving the credibility and efficiency of the assessment process.

Build a Digital Credit Card Application Platform to Acquire New Customers

I am the Marketing Head of a fast-growing, recently established bank. Our mission is to fully embrace the digital-first culture fueling our rapid growth. While the journey has been exciting, our IT systems are still in the early stages. We are seeking support to develop an end-to-end online credit card application platform. This tech-driven solution will enable us to effectively capture the market of digitally-savvy customers applying for credit cards online, delivering a seamless and competitive customer experience.

Improve Credit Card Application Throughput by 30%

As the Head of the Business Solutions Group (BSG) in a large, tech-savvy private bank, I am entrusted with leveraging technology to drive business growth. Our current process faces inefficiencies, with many credit card applications getting stuck in queues during document verification due to paperwork bottlenecks. I am exploring the possibility of obtaining the required data points digitally, which could help streamline the process and improve application throughput by nearly 30%.