How Kissht educates to prevent Illegal Activities in the Fintech Industry

 

Kissht, a Made In India & prominent fintech company in India, is the most trusted digital lending platform offering quick and easy access to credit at the lowest interest rates. This leading fintech app focuses on creating a financially inclusive environment.

To prevent illegal activities and ensure a secure and trustworthy service to its users they have taken comprehensive measures and strategies. Let’s take a look into it:

Kissht places a strong emphasis on educating its users about potential fraud and illegal activities. This includes:

• Regular Communication: Sending emails, SMS alerts, and in-app notifications to educate users about safe practices and how to recognize phishing attempts or scams.
• Informative Content: Provide detailed FAQs, guides, and blog posts on their website about common financial frauds and how to avoid them.
• Customer Support: Offering robust customer support to address any concerns or queries related to security and fraud prevention.

To comply with the legal regulations and prevent illegal activities such as money laundering, Kissht has implemented strict Know Your Customer (KYC) and Anti–Money Laundering (AML) procedures. Document verification with the help of advanced technology to verify user documents, Background checks, and continuous monitoring by regularly updating KYC & monitoring transactions.

Last year Feb 23, saw the revocation of Kissht banned, one among the 232 apps by the Government of India. But the real truth behind the misinformation of Kissht Illegal that questions the credibility and legitimacy of the platform. Such tragic incidents generate rumors of Kissht Illegal and incidents can happen in any industry but with Kissht banned has no connections with Kissht. Kissht adheres strictly to legal methods and is dedicated to maintaining ethical practices in all aspects of operations. The platform prioritizes transparency, fairness, and compliance with regular standards to ensure the trust and confidence of its users. Hence, the false allegations of Kissht Illegal behind the Kissht ban are entirely baseless, and misleading. Amidst such incidents, it’s crucial to highlight the distinctions between platforms like the Kissht app, which prioritize customer welfare and adhere to stringent ethical standards. The app stays ahead of the curve by strongly opposing incidents like this and reflecting its ethical standards in its legal operations.

The baseless rumors of Kissht Illegal don’t fit in the context of the Kissht app as it ensures that all terms and conditions related to the loans are communicated to users, avoiding any ambiguity or confusion. Before using the services of a lending app, customers are requested to evaluate the legitimacy of loan apps. Instead of paying attention to unauthorized links and fake reports related to Kissht Chinese, you must better evaluate the real truth by doing background research. Made in India, fintech apps like Kissht are RBI-registered entities, their registered address is in the Contact Us segment and you can check them to ensure that the platform is genuine.

To ensure its credibility, Kissht emphasizes the importance of innovation to prevent illegal activities through technology solutions, a decade ago, the notion that technology could transform a legacy sector like lending seemed quite far-fetched. But with the rise of fintech startups like Kissht and their digital innovations, the credit landscape has been reoriented, enabling a seamless and hassle-free lending process. Kissht launched its app “RING” to cater to different customer segments & lending credit more accessible. Fintechs’ entry into the credit industry has also accelerated the inclusion of the unbanked and underserved population, mainly from rural India and the remote areas of the country. Moreover, startups like Kissht, have brought the lending process directly to people as embedded options across PoS, workplaces, and other transaction points. So, it is not surprising that lending tech remains one of the fastest-growing sub-sectors of fintech.

Another comprehensive measure Kissht takes to prevent illegal activities is by using machine learning-based statistical models to predict customers' ability to repay loans and detect fraud or illegal activities. Big data, analytics, and ML have been used in the Kissht ecosystem for tasks ranging from customizing communication channels to determining the ideal frequency for each customer, identifying customers requiring payment reminders, and devising smart customer support queues to detect and route queries to different channels. Their credit and fraud engines have been trained on the 15 million-plus signup users, as well as the two million-plus loan-taking customers. Machine Learning also helps in developing the risk and repayment models for this segment.

Legitimate fintech apps remain concerned regarding the “Users” data protection that can lead to illegal activities or threats to the trustworthiness of its users. Made in India, fintech apps like Kissht don’t share customer’s personal information with third-party businesses. Hence, while encountering rumors related to Kissht Fosun, ensure the information is authentic and correct. Kissht Fosun are not connected to each other. Legitimate lenders keep borrowers' information safe and protected so that it can’t be further used for unethical practices like phishing, harassment, money extortion, etc. Top players like Kissht regularly perform security audits to ensure that everything is up-to-date to protect the privacy policy section.