Craft Silicon has announced its partnership with Karza Technologies to automate onboarding and verification of customers for Microlending companies.
“Through this partnership, Craft Silicon aims to leverage Karza Technologies and digitally empower the MFI sector (BFSI sector is a broad description) with advanced KYC services, bank account verification, front-end engagement for offering swift, smooth, and secure onboarding and user verification solution to Microlending Institutions,” the statement said.
Using Karza Technologies will further strengthen Craft Silicon’s resolve to provide a frictionless customer experience while ensuring the highest protection against fraud.
Speaking on the partnership, Gaurav Samdaria, Co-Founder & Director, Karza Technologies said, “Craft Silicon has a legacy of providing software solutions to BFSI. With them, we are excited to bring the next level of digital transformation in customer onboarding for MFIs and other financial institutions. Our joint efforts are geared towards enabling smooth, voluminous digital onboarding processes while ensuring compliance with all regulatory requirements. We are looking to jointly support loan disbursement for 2.5 million borrowers by 2025.”
Further speaking on the collaboration with Karza, Siva Kumar, CEO Asia for Craft Silicon said “Craft Silicon’s partnership with Karza Technologies is another step towards digital transformation for swift financial Inclusion. Having digital onboarding integrated with our robust Microlending suite, we are supporting our clients to enhance digital interaction experience, smooth onboarding, quicker loan disbursals and increased borrower loyalty.”