KC FINSERV
Delivering
Seamless Compliance
Delivering seamless CIC compliance, KC Finserv ensures you meet the Credit Information Companies (Regulation) Act, 2005 (CIC Act) requirements with ease, thanks to our dedicated team.
The Credit Information Companies (Regulation) Act, 2005 (CIC Act) was enacted to regulate credit information companies in India and ensure the efficient distribution of credit. This act mandates that all banks and NBFCs (Non-Banking Financial Companies) report credit information to the four credit bureaus in India. Compliance with this act is crucial as it promotes transparency, accountability, and security in the credit information ecosystem, ultimately fostering trust among consumers and financial institutions.​​
What We Do?
Data Submission
We extract data from bank systems, convert it to the required bureau formats, and upload it, ensuring data accuracy. We manage rejections and re-upload corrected data, with a track record of achieving over 98% acceptance rates.
OLM
We handle any updates on the consumer system, whether based on disputes raised by consumers or requests from banks. We can manage OLM both in bulk or individually, ensuring timely responses and updates.
Disputes
We provide end-to-end dispute resolution, including raising disputes with the bureaus, interacting with the concerned banks or NBFCs, coordinating with customers, and ensuring the dispute is resolved.
Why Us?
Experience
We have been submitting data for 10 listed members of the bureau for the past 5 years, ensuring reliable and accurate compliance. By handling the CIC process for multiple banks, we understand the challenges and can proactively avoid potential issues.
Efficiency
Interacting with bureaus for data submission, OLM, and disputes requires significant time. We handle these tasks, allowing your staff to focus on more important activities for your bank. Save on the cost of hiring specialized manpower, as our experienced team manages all aspects efficiently.
Compliance
The RBI requires timely data submission and dispute resolution. With us, you can be assured that we will submit data on time and provide timely responses to queries and disputes. Our team interacts daily with all four bureaus making us very familiar with them.
Technology
We use state-of-the-art technology to ensure data accuracy and security, making the compliance process seamless and efficient. We prioritize data security and confidentiality, adhering to the highest standards to protect your information.
Customer Support
Our dedicated customer support team is available to assist you with any queries or issues, ensuring a smooth and hassle-free experience.