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A comment on Show HN: Credy – Peer-to-Peer Lending Platform for India. Parent comment

Re:Show HN: Credy – Peer-to-Peer Lending Platform for India by dhruvrrp on Thursday February 23, 2017 @01:49AM (#13712140)
How exactly would biometric authentication stop fake users? Would you be using some central database to identify people or are you gonna make your own database?

How exactly do you plan to verify employer information?

Sorry if I may sound cynical but ive spent enough time in smaller indian cities that i can imagine ways on how people could try to take advantage of your platform.

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Re:Show HN: Credy – Peer-to-Peer Lending Platform for India by harshitsv67 on Thursday February 23, 2017 @02:00AM (#13712178)
Yes we use a central database. Employer verification is done electronically.

We can understand the apprehension. However, lot of things are digitising fast, and it is getting more difficult to do financial misconduct without leaving a trail. We keep working hard in adding robust checks in the system, knowing that otherwise the problem you mention exists.

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Re:Show HN: Credy – Peer-to-Peer Lending Platform for India by krisgenre on Thursday February 23, 2017 @02:01AM (#13712181)
They use Aadhaar.
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