A Deep Dive into Finsire’s Asset Gateway: Dynamic Account Aggregator Switch

Finsire’s Asset Gateway, envisioned as a dynamic account aggregator switch, is changing the way financial institutions handle their operations. It simplifies dealing with challenges like underwriting new-to-credit customers, monitoring loans continuously, and detecting fraud.

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By integrating Account Aggregators (AAs) and dynamic data sources, the Gateway provides real-time insights that help financial institutions make smarter decisions, manage risks better, and offer personalized financial services to meet the evolving needs of their clients.

Challenges Addressed:

1. Underwriting New to Credit (NTC) Customers:

Problem: Many financial institutions struggle with underwriting customers who lack a traditional credit history or sufficient financial records. This category includes new market entrants and individuals with irregular income patterns. Traditional underwriting tools often fail to accurately assess the creditworthiness of such customers due to the absence of extensive financial data.

Solution: Finsire's Asset Gateway employs advanced analytics and data integration to fill this gap. By using Dynamic Account Aggregators (AAs), the system gathers data from various financial data points that are not traditionally used in credit assessments. The dynamic account aggregator solutions with net-worth solutions, and various asset analyzers solutions to assist in underwriting.

2. Continuous Loan Monitoring and Collection Intelligence:

Problem: Traditional loan monitoring systems often operate on periodic updates and checks that may not capture real-time data effectively. This delay can prevent the timely identification of potential default risks and collection issues, particularly in a dynamic financial environment.

Solution: Finsire’s Asset Gateway leverages real-time data to continuously monitor loans and borrower activities. By integrating with Dynamic AA, the system provides ongoing updates on borrowers' financial status and activities. This real-time data flow allows for the immediate identification of red flags, such as significant changes in spending, income, debt patterns or the sudden occurrence of large, unexplained transactions. These insights enable lenders to proactively address potential issues, adjust loan terms if necessary, and improve strategies for debt collection, thus reducing the incidence of non-performing assets (NPAs).

3. Combatting Fraud and Managing Risky Borrowers:

Problem: Financial fraud and the management of high-risk borrowers remain significant challenges for institutions. Fraudsters and risky borrowers often exploit gaps in data collection and analysis, managing to evade detection until it is too late.

Solution: The Asset Gateway enhances the detection of potentially fraudulent activities and the identification of high-risk borrowers through the use of sophisticated algorithms designed to analyze patterns of behaviour that deviate from normal activities. The system’s Dynamic AA technology ensures a comprehensive and nuanced view by fetching data from multiple sources, which helps in detecting inconsistencies and patterns that suggest fraudulent behaviour. Additionally, the Net-worth Analyzer and Bank Statement Analyzer tools process this data to provide a detailed risk profile of each borrower, supporting more targeted and effective risk management strategies.

4. Investment Advisory and Personal Financial Management (PFM):

Problem: Financial institutions often lack tools that offer personalized, data-driven advice for investments and personal financial management.

Solution: Finsire’s Asset Gateway integrates tools such as the Net-worth Analyzer and Asset Analyzer to provide tailored investment advice and personal financial management services. These tools help clients optimize their financial health and investment strategies by leveraging real-time data and advanced analytics.

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Comparison Between Static-Single AA and Dynamic AA

Feature	Static-Single AA	Finsire's Dynamic AA
Data Sources	Limited to predefined financial institutions or as called in the account aggregator framework a Financial Information Provider.	The selection ranges wisely between account aggregators, MF Central, CAMs, Kfintech, NSDL, CDSL, Vaahan, real estate companies, and more. Finsire’s asset gateway switch combines with the account aggregator and other sources to provide the data point.
Data Fetch Success Rate	Depending on the single AA's capabilities; may result in higher failure rates due to FIP data, TSP or the FIU.	Enhanced by Dynamic AA and fueled by real-time usage-based ML models, leading to a 30% higher success rate.
Flexibility and Scalability	Limited flexibility; hard to scale with static connections.	Highly flexible; easily integrates new data sources and technologies as per customer requirements.
Fallback Mechanisms	Typically lacks robust fallback options.	Includes fallback options for different data sources to ensure data retrieval.
Risk of Data Gaps	Higher due to reliance on a single source.	Lower risk with multiple integrated AAs and diversified data sources.
Operational Efficiency	May suffer due to the limitations in data source integration.	Significantly improved through automated and optimized data handling.
Use Cases Supported	Generally supports basic financial data aggregation.	Supports complex financial analyses like net-worth assessment, automated underwriting, and personal finance management.

Core Applications of Dynamic AA

Net-worth Analysis: Provides a comprehensive, real-time view of an individual’s financial assets across multiple categories (bank accounts, stocks, mutual funds, vehicles), enabling better wealth management and personalized financial advice.

Automated Underwriting for Faster Loan Processing: Automates the extraction and analysis of bank statements, integrates CIBIL and other sources in the flow, and facilitates faster and more accurate loan approval processes, which are especially critical for high-volume operations.

Enhanced Personal Finance Management: Offers deeper insights into clients' financial behaviours, spending patterns, and investment strategies, empowering financial advisors to tailor more effective financial planning services.

Finsire’s Tech Stack

API	Functionality	Integrations	Additional Details
AA Gateway APIs	Dynamic Multi AA	One Money Anumati Finvu Protean NADL Digio	Basic details about assets including bank account, mutual funds, and stocks.
Vehicle API	Vehicle 360° View	3D rendering vehicles	Enhances overall viewing experience.
	Vehicle Analyser	Vehicle Valuation	Market price Insurance details Integral for insurers and financiers to determine the current value and risk associated with a vehicle.
	Challan History	Vahaan	Challan associated with the vehicle.
Real Estate Analyzer API	Area wise Pricing	Finsire APIs - Sub-registrar office	Facilitates property valuation and ownership verification and comprehensive real estate investments.

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