AU Smart Connect (Fincare Biz)

Important Update: Fincare Biz is now AU Smart Connect AU Smart Connect - Empowering Digital Banking for All AU Smart Connect (formerly known as Fincare Biz) is a cutting-edge digital banking platform designed to serve individuals and micro, small, and medium enterprises (MSMEs). It offers two core functions: • Connector: This feature enables businesses to submit leads for various banking products and earn attractive commissions. • Merchant: The Merchant section helps in collecting UPI payments effortlessly via QR codes and helps track transaction history. The app also acts as a sound box, which announces UPI payments received on the QR code in multiple languages. The sound box feature helps to save the cost of a physical sound box for the merchant. Registration and Activation: • Connector registration is open to all users. • Merchant accounts require activation by our sales agents or partners. • Once activated, users gain access to the Merchant section, allowing MSMEs to conveniently use QR codes linked to their Bank Account. • Merchant login includes static/dynamic QR code generation for payments, sound box notifications, and the ability to run in the background on multiple mobile devices. Key Features: • Enables partners to generate qualified leads for the bank. • Seamless paperless onboarding with eKYC and eSign. • Instant lead generation for various products. • Facilitates network-building for both connectors and the bank. • Merchants can accept payments via QR codes with sound box notifications on the app. Best-in-Class User Experience: • Digital onboarding in just 5 minutes. • Integration with Aadhaar-based eKYC and credit bureaus. • Automated payouts for connectors and merchants. • Versatile business use cases across various financial products. Process Flow: For Connector: • Download the AU Smart Connect App and enroll online. • Login using the registered mobile number on the Connect section. • Enter prospective leads, which are instantly approved or rejected based on credit algorithms. • The leads can be entered across a range of products like Secured Business Loan, Affordable Housing Loans, Loan Against Gold, Vehicle Loan, etc. • Approved leads proceed to loan processing or account creation, which is entirely managed by the bank. • Once the leads are successfully closed, automated payouts are made to connector bank account. For Merchant: • Activate the merchant section through a Fincare (is now AU SFB) representative to get a QR code linked to bank account. • Login using the registered mobile number. • Generate QR codes and accept payments. • Customise the experience with sound box notifications and transaction history. Why Partner with AU SFB? • End-to-end digital processes ensure instant credit checks, faster approvals, and customer satisfaction. • Transparency throughout the lead generation, sanction, and disbursement process. • Superior user experience for merchants and connectors. • No signup or listing fees. • No cost for sound box or mobile app. • Seamless merchant login with multiple language sound box notifications, QR code generation, and transaction history all in one app.