Factbyte
Android app by Fact Byte. Finance · Fact Byte
- Store rating
- Unknown
- Store rating count
- Unknown
- Download price
- Free to download
- In-app purchases
- Not listed in captured metadata
- Version
- 1.6.2
- Listing last refreshed
- 2026-09-17
View the original store listing
Store description excerpt
About FACTBYTE Mobile Application FACTBYTE Mobile Application is an advanced solution designed to help banks and financial institutions streamline customer onboarding while ensuring compliance, security, and fraud prevention. In today’s fast-paced digital banking environment, the need for efficient, secure, and compliant customer onboarding has never been greater. FACTBYTE simplifies the process by automating KYC verification, integrating government and financial records, and identifying fraudulent accounts in real-time. With FACTBYTE, financial institutions can reduce onboarding time, eliminate manual errors, and prevent financial fraud, all while delivering a seamless customer experience. Key Features 1. Seamless Digital Onboarding FACTBYTE provides a hassle-free digital onboarding process that reduces paperwork and manual verification. The application captures and verifies customer details through an intuitive and automated system, making account activation faster and more efficient. 2. Mule Account Detection (MAD) Financial fraud is a growing concern, and mule accounts play a significant role in fraudulent transactions. FACTBYTE’s Mule Account Detection (MAD) feature is designed to identify and flag high-risk or suspicious accounts before they are onboarded. The system uses an AI-powered risk-scoring model that analyses multiple data points to detect fraudulent patterns, preventing financial crimes before they occur. 3. Government & Public Record Validation To ensure authenticity, FACTBYTE cross-verifies customer details with official government databases. This includes: • PAN (Permanent Account Number) verification to validate tax-related information. • GST (Goods and Services Tax Network) integration for business identity authentication. • NSDL (National Securities Depository Limited) checks for financial history and investments. • Udyam (MSME registration database) verification for businesses classified as MSMEs. By integrating these data points, FACTBYTE eliminates fraudulent identities and ensures only legitimate customers are onboarded. 4. Credit & Risk Data Integration Banks and financial institutions need reliable insights to assess a customer’s creditworthiness. FACTBYTE integrates financial risk data, providing a comprehensive view of a customer’s financial history and credibility. This helps institutions make informed decisions regarding account approvals, lending, and financial services. 5. Regulatory Compliance & Security FACTBYTE is built with security and compliance at its core. The application adheres to RBI guidelines, data protection laws, and global financial regulations, ensuring that customer data is handled securely and responsibly. Banks can rely on FACTBYTE to meet compliance requirements while preventing financial risks. How FACTBYTE Works 1. Customer Registration: The user enters their details and uploads necessary documents. 2. Automated Verification: FACTBYTE validates customer information using offi
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