AU Smart Connect (Fincare Biz)

AU Small Finance Bank Limited

About this app

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.