"We do not make much noise about our intentions to serve you well, yet we reach a long way out to ensure that everything reaches you exactly the way you want it."
We provide an unbiased assessment of the applicant’s information, such as Residence address verification, Office address verification, Tele Verification and Mandatory income/KYC document verification as per the credit policy compliance
This includes audit of process, compliance, documents etc. to know whether activities are carried out as per prescribed norms and policies. Any deviation from the prescribed policies is reported along with its impact on our system.
The Company is also engaged in Cash Collections, Cheque Pick Ups, and PDC Exhaust Collections of customers for various customers. There is a separate team for this activity including Telle-callers and Collection Executives.
The field staff visit the current employement and permanent employement address of the prospective off-role/ vendors employees.Our Contact Center would call the previous employment and run a background check.
A field visit provides scrutiny for the following points: Asset location and condition, Asset legal status, Any other important point relevant to the client
Merchant verification by Astute encompasses all key aspects, including:Physical address verification, Checking temporary/permanent nature of business, Market information on merchant
Eyeballing of the files(retail loan applications) to check the point of compromise by using stratified sampling techniques at the pre-sanctioned stage.
Risk alert documents triggered through sampling activity are further sent for field investigation to check the authenticity of the triggered documents.
Here we conduct physical audit of vehicles funded by bank at dealers location, which helps banks for periodic status update of their inventory funding.
The Present day business environment and competition have ensured that even traditional conservative businesses are being now handled by outsourced third parties. With the application of various triggers and on the basis of the analysis of available data eventually combining all of these with field checks, risks are sought to be contained within acceptable limits.
A scheduled visit with a prior appointment is carried out in accordance with the instructions. The evidence related to the observation and discussion is mentioned in the report’s notes, together with images of the relevant documents, such as statutory compliance with business entity requirements and income-related evidence. It Focusses on:Sources of Income, Business Process, Additional Businesses, Earning Family members, End Use of Loan.
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Sift Corporate Services Pvt. Ltd. has been incorporated in January 2006 by a group of Chartered Accountants and other Professionals to take over various financial activities done by them in different firms under one company. We began our journey in the field of Risk Management and Fraud Control for banking and NBFC sectors in 2001 with ICICI Bank Ltd and in very short span of time got associated with most of the reputed banks in this sector. It involved providing services like RCU, Field Investigation & Profile checking, Operations & Banking, Negative Data bases creation, Loan Processing, Document verification & Fraud control services, Skip Tracing, Collections, Backroom services, etc.
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