eSign for lending in rural India | Webinar recording

Описание: Switching to eSign for rural lending products like KCC, JLG, Gold Loans, etc often fails after successfully onboarding an eSign software.

Here are the 7 reasons why it happens & how to fix it -

1️⃣ The eSign software doesn’t work in 2G/3G network coverage areas.
👉 Test out the eSign flow in 2G/3G network areas

2️⃣ Aadhaar ESP/UIDAI faces downtime
👉 Have multiple ESPs as backup & auto-ESP switch, that sends signers to the working ESP

3️⃣ Borrower doesn’t have a smartphone
👉 Have SDK flows on your agent’s tab

4️⃣ Multiple borrowers share one phone
👉 Send the eSign link to the same phone

5️⃣ Customer doesn’t have Aadhaar linked with mobile, or fingerprints are faded
👉 Offer multiple Aadhaar eSign options (like Face, Biometric, Iris) & eSign cascading system

6️⃣ eSign flow is in English-only
👉 Allow the customer to select a language, execute the agreement, & interface in that selected language.

7️⃣ Customer and agent commit fraud in an eSign flow, like blank form signing, etc
👉 Use fraud prevention features like Aadhaar eSign verifier, GPS capture, Face Match to prevent fraud

Most eSign tools fail at this - leaving rural lenders with no option but to rely on physical paperwork.

With Leegality, you can easily solve all these issues and do digital paperwork even in rural India - without any hassles. For a custom demo, please visit https://www.leegality.com/

Chapters:
00:00 - Introduction
02:47 - Why eSign fails in rural lending
05:14 - 1. Borrower doesn’t have a smartphone
07:52 - 2. Borrower lives in low network areas
09:06 - 3. ESP faces downtime
14:34 - 4. Borrower fingerprints are faded & they don’t have Aadhaar linked to phone
21:30 - 5. eSign flow is in English-only
25:46 - 6. Agent & borrower-led fraud
30:06 - ROI model for document execution