ARTHAVEDIKA TECH PRIVATE LIMITED

In their own words

Arthavedika Tech Pvt Ltd is a technology Startup incubatee, founded by a team of experienced professionals in the Indian IT industry, under Foundation for Innovation & Research in Science and Technology, a company incorporated under section 8 of the companies’ act 2013 with its registered address at IIT Kanpur. Objective of Arthavedika Tech Pvt Ltd is to create a service to the stake holders like, banks and financial institutions in back end and digital lending customers in the front. We would like to execute this through a Technology Platform, comprising AI engine, Blockchain and Loan Assists which, enable banks and financial institutions to circumvent their cost intensive brick and mortar branch banking system, and enable to make them reach every nook and corner of the country. Our products and services have been designed to enable the unorganised sector with a financial identity which eventually enable their creditworthiness. Technology platform will also address eKYC cost, which can be reduced with the use of technology like India Stack, Jandhan, Aadhaar and mobile. This will also benefit the banks and financial institution by providing a channel to expand without increasing their physical branch network with the help of technology. An AI based platform with Loan assists in Uber Model will increase their last mile reach by multiple times. Digitization will also help in faster processing of loans in a secured manner. Customer will be benefited with the optimised processing costs and faster processing. A Blockchain based platform will bind the entire ecosystem in the chain which will enable banks to monitor the progress on real time including the end use of the fund and analytics will provide early warnings and data trends to address the timely actions on repayment and further substantially reduce the potential NPA.

Written by the company on its public Startup India profile. Not verified by us.