With the rise in financial disputes and fraudulent activities, particularly in the NBFC sector, traditional credit checks are no longer sufficient. Recognizing this gap, PrivateCourt’s new model offers a multi-layered verification process that ensures accuracy, efficiency, and risk mitigation for financial institutions and stakeholders involved in dispute resolution.
How PrivateCourt’s Verification Model Works
The verification system is designed to provide a complete financial and identity profile of individuals involved in arbitration cases. It includes:
Complete Borrower Profiling – This system gathers comprehensive financial details, including credit history, employment records, previous addresses, and legal disputes to create a holistic borrower profile.
Fraud Detection – Before a case is accepted, the system screens the individual to identify fraudulent patterns, ensuring that cases involving known fraudsters are flagged and rejected.
Fraud Prevention – Many individuals open businesses, shut them down, and continue paying loans without reflecting accurate financial health. This model prevents such deceptive practices by tracking borrower activity over time.
Extensive Verification – Unlike traditional credit checks that rely heavily on credit scores, this model cross-references data from multiple sources, including government databases and financial records, to ensure authenticity beyond credit card scores.
Why Choose PrivateCourt’s Verification Model?
With fraud cases rising, relying solely on credit scores is no longer viable—especially in arbitration cases involving NBFCs, where borrowers often have CIBIL scores below 500.
PrivateCourt’s model sets a new standard in dispute resolution verification by:
- Instant Risk Assessment – The system quickly identifies high-risk cases, helping arbitration professionals focus on legitimate disputes.
- Reducing risk exposure for financial institutions
- Strengthening case legitimacy by eliminating fraudulent claims
- Providing in-depth borrower insights for informed decision-making
- Enhancing trust and efficiency in the arbitration process
Unlike conventional verification models, which primarily assess creditworthiness, this system ensures a more comprehensive review of financial integrity, significantly boosting trust and accuracy in legal proceedings.
A Revolutionary Step in Arbitration & Conciliation
The launch of this tech-driven verification model marks a major shift in how arbitration cases are managed. As arbitration platforms evolve, integrating data intelligence and predictive risk assessment is crucial for maintaining the integrity of dispute resolution.
The PrivateCourt verification model is now live and available for use by financial institutions, NBFCs, and other stakeholders engaged in dispute resolution. With this cutting-edge innovation, PrivateCourt continues to lead the way in ensuring financial transparency and trust in arbitration cases.
keywords: privatecourt, verification model, fraud detection, borrower profiling, financial verification, arbitration, conciliation
