India’s CredAble joins forces with Chekk to streamline FI workflows

By Gloria Methri

India’s CredAble has partnered with Hong Kong-based customer interaction platform Chekk to streamline the onboarding and compliance workflows of Financial Institutions (FIs) in regions like the APAC, MENA, and Europe.

FIs globally are struggling to scale up working capital programs due to manual verifications, data collections and verification processes. By leveraging data sources across 220 countries and territories, this collaboration provides region-specific solutions and access to business-relevant data to help FIs onboard clients, vendors and dealers digitally and securely.

Backed by API and SDK integration, this partnership combines CredAble’s working capital tech suite with Chekk’s KYC, Know Your Business (KYB), and Anti-Money Laundering (AML) solutions.

Financial Institutions can leverage Chekk’s Multi-Sources Engine to streamline the labour-intensive process of assessing corporate data from sources around the world, assessing risk and onboarding entities, and remotely verifying the identity of UBOs and controlling shareholders. The process is complete in 20 seconds using video-based identity verification and anti-fraud checks.

Financial institutions can now get the full picture of their business counterparts with just a click, reducing onboarding time and costs and eliminating the need for complex engineering integrations.

Satyam Agrawal, MD, Global Head of BaaS, SME and Analytics of CredAble, said, “Together with Chekk, we are well-positioned to spearhead the digital banking revolution across key international markets with automated onboarding workflows, advanced underwriting capabilities, and DPI-enabled localisation support for global use cases. With this partnership, we are enabling faster go-live for banks that are onboarding with CredAble to bolster their working capital financing offerings and tech capabilities.”

Pascal Nizri, Chekk’s Co-founder and CEO, said, “By connecting Chekk’s next-generation Digital Identity, KYC & KYB solutions, and advanced corporate data sourcing capabilities to CredAble’s world-class working capital financing suite, we look forward to further empowering financial institutions with transformative client engagement and credit decisioning capabilities.”