Mumbai, November 11: Digital public infrastructure and identity solutions provider Protean eGov Technologies Limited has partnered with AI-powered financial operating system provider Yubi to enhance onboarding digital solutions for creditors. This is aimed at integrating identity verification, KYC, consent, and eSign capabilities directly into the lenders’ digital infrastructure as they look to streamline borrower onboarding and credit lifecycle processes.
Under the partnership, Protean’s digital identity stack will be embedded into Yubi’s lending technology platform, which is currently being used across the financial ecosystem to process ₹3.2 lakh crore in credit. This will also help reduce drop-off rates and acquisition costs, while simplifying compliance infrastructure to utilize Central KYC (CKYC) searches and portable digital documents to minimize repetitive verification checks across lending platforms. Beyond this, it will help boost loan processing by offering faster documentation, including sanction letters, digital agreement execution, and eSign frameworks.
“Digital Public Infrastructure can be a powerful catalyst for transforming India’s lending ecosystem. Our collaboration with Yubi brings together Protean’s expertise in building trusted, scalable digital infrastructure and Yubi’s technology-led lending platform to simplify lending journeys, strengthen digital trust, and drive greater operational efficiency. We see this partnership as an opportunity to translate DPI 1 capabilities into tangible business value and accelerate innovation across the financial services ecosystem at scale.” Mr. Ajay Rajan, MD & CEO, Protean eGov Technologies Limited, said in a press release.
“India has built world-class digital public infrastructure, yet lenders still make too many credit decisions without a clear view of who the borrower is. That gap is a big part of what keeps first-time borrowers and small businesses outside the formal system. Protean’s trusted identity and data capabilities, combined with the lending infrastructure Yubi provides to banks and lenders, can help close it. Our aim is to give lenders the confidence to say yes more often, and to give borrowers a faster, fairer and more transparent path to credit, at national scale. That is how we deepen India’s debt market and expand credit accessibility.” Gaurav Kumar, Founder and CEO of Yubi Group, added.
