” Sherlock Holmes, “A Study in Scarlett”
We are a twelve-year-old product technology platform that deals with thousands of data types to help our customers automate data-driven risk- and price-reducing decisions.
We help our customers bridge that gap between data and insights.
Financial service providers are dealing with impatient customers, disruptive challengers, large amounts of disparate data, and stringent privacy and compliance environments. Through all this, they seek to focus on their core competence – using insights to price and manage risk.
We help financial institutions deal with a practically unlimited range of relevant (un-)structured data to automate customer onboarding, decisioning, risk pricing, and fulfilment. We extract, categorize and analyze this data from hundreds of financial institutions to help lenders automate data-driven risk and pricing decisions. Our subsidiary has an in-principle approval from the Reserve Bank of India to offer Account Aggregation services – poised to dramatically reduce friction in accessing consented data from consumers and accelerate automation. Perfios is cash- and EBIDTA-positive since 2018 and has solid support from marquee investors such as Bessemer Venture Partners and Warburg Pincus.
Andy Jassy – CEO, AWS
We started our journey by being the first to offer a cloud-hosted fully automated Personal Finance Management solution for Indian citizens. Subsequently, we built the Perfios data platform, the breadth and depth of which is still unrivalled in the industry. The Perfios data platform uses a combination of home-grown machine learning techniques to offer in-depth data analysis as per customer requirements and generate reports customized for each customer. We scaled from a few thousand transactions a month to millions per day, without any degradation of performance. Our engineers, their thinking styles, and their problem-solving approaches offer a professional experience not easily available in most companies..
Privacy and security are at the heart of our design. Borrowers are customers of lenders who use the Perfios data platform. As a design principle, we DO NOT store Personally Identifiable Information (PII) or account information. We are independently audited by PwC, Deloitte, TUV-SUD – global leaders in security assessment and certification. We are ISO 27001-2013 certified and audited as a Paladion – PLYNT Certified Application – 4 times a year. Trust Guard runs 46,000 tests daily in our environment. In addition, our clients run their own audit on our systems as part of their due diligence. In 2019, we successfully underwent 75 separate audit processes with no critical issues identified.
Werner Vogels, CTO, Amazon