From advance fee fraud at disbursal to gold LTV breaches and JLG device sharing — vcurd covers the fraud signals that are unique to NBFC and microfinance lending in India.
One of the most common NBFC fraud patterns: a UPI transaction made immediately after loan disbursal — the borrower pays a "processing fee" to a fraudster's VPA before receiving their loan. vcurd tracks seconds-since-disbursal as a transaction feature, flagging transactions that occur within minutes of a disbursal event as high-risk advance fee signals.
RBI mandates a maximum 75% LTV ratio for gold loans. vcurd monitors gold loan LTV in real time, triggers automatic alerts when LTV is approached or exceeded, maintains a full breach history for regulatory review, and supports recalculation with current gold market prices. One-click export for RBI examination.
In Joint Liability Group microfinance, multiple group members sharing the same device for UPI transactions is a strong indicator of organised fraud — one person controlling multiple loan accounts. vcurd flags JLG device sharing as a fraud signal in the mule scorer, with the JLG group ID as transaction context.
A high number of credit bureau inquiries in the 72 hours before a loan application is a well-established fraud indicator — the applicant is shopping for as many loans as possible before any lender can see the others. vcurd integrates bureau velocity as a scoring signal, with configurable thresholds and NBFC-specific calibration.
These signals are unique to the NBFC and microfinance context — not present in generic fraud platforms.
Talk to us about deploying vcurd's NBFC-specific fraud signals for your lending operations.