VIDA requires verification of KYC, credit checks, and bank statements to ensure a secure and efficient loan origination process:
KYC (Know Your Customer)
KYC is a critical step in VIDA’s verification process, designed to confirm the identity of borrowers and ensure they are legitimate. By providing personal information and valid identification, borrowers help VIDA comply with regulatory standards while protecting the system from fraud.
Credit Checks
Credit checks enable VIDA to evaluate a borrower's financial reliability. Through data collected from MyBankStatement, VIDA's AI-powered system assesses a borrower’s creditworthiness, ensuring only eligible applicants proceed in the process.
Bank Statements
Bank statements are key to understanding a borrower's financial health. VIDA uses these documents to analyze income, spending habits, and overall financial stability. Combined with VIDA’s advanced AI analysis, this ensures borrowers can comfortably repay their loans.
By collecting this data, VIDA ensures the borrower’s profile is complete and compliant with industry standards.
Click here to get started https://mycreditprofile.me/
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