P2P Loan Company Faircent.com Launches Open API Platform

NEW DELHI: P2P lending company Faircent.com will soon open its API platform for developers. The move will allow new fintech entrants and offline businesses to leverage the company’s technology infrastructure to create new digital lending products, as well as integrate existing solutions into their offerings.

“As the latest developments in digital and social technologies have proven, customer focus is central to any business growth strategy,” said Shakti Goel, chief technology and product officer at Faircent.com. “By making our tech stack accessible to other developers, we want to help grow digital lending in the country and empower more fintech entrepreneurs,” he adds.

Faircent.com’s technology stack offers a wide range of online lending solutions, such as borrower and lender verification, credit assessment and underwriting, and payment collection and collection, among others. .

The move will also help emerging and existing fintech lending companies in the country deliver more innovative customer-centric solutions.

“Modern businesses today focus less on creating products and more on creating value and facilitating specific services through technology,” says Goel. “We are convinced that the fintech leaders of the future will be able to excel thanks to advanced solutions such as P2P

, like those now offered by Faircent.com, ”he adds.

The API platform will be open to multi-tenant developers. Thanks to this, intermediaries will be able to share the data collected with its developers and internal partners, as well as with third-party service providers. This data can then be used to build value-added services, including mobile payment solutions, analytical dashboards, etc.

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