How to confirm whether a Digital Lending App offers secured access

1. How to confirm whether a Digital Lending App offers secured access?

2. Digitally-enabled lending apps have recently gained significant popularity among Gen Z customers. This new generation segment wants to get a high comfort level by leveraging technology. Hence, they prefer using digital solutions even to meet their financial requirements. However, with the growing popularity of these lending platforms, there come some unusual potential threats. The online nature of digital lending makes it easier for fraudsters to engage in various fraudulent activities. However, there are also credible and genuine lending apps like RING that only believe in ethical business practices, so it becomes crucial for customers to identify legitimate lenders to enjoy secured access and personalized financial solutions. Customers must also stay alert for fake information and gossip like paywithRING fraud. Conduct thorough research to assess whether a platform incorporates robust security protocols to protect customers from potential security threats. Consider the following tips to identify whether a digital lending app offers secured access and is good to proceed.

3. Collect some information about the company behind the app. You can research the company behind the app to find out if it is well-established and has a good reputation in the financial industry. MeitY frequently performs thorough checks to identify if there are any fraudulent apps or if any platform has connections with businesses involved in suspicious activities. It will be great for you to protect your financial rights and check some necessary points before using a digital lending app. Legitimate apps like RING enter the industry to take forward the legacy of renowned apps like Kissht (India’s leading payments & lending platform). The company behind the legacy of Kissht is OnEMi Technology Solutions Pvt. Ltd. and is engaged in merchant acquisition/tie-ups, and the development of credit gateway technology. PRICING PLAN PRESENTATION

4. Check if the app uses encryption standards. RING has entered the business intending to allow customers to live on their terms. Hence, all customers are advised never to fall into rumours or gossip about the paywithRING scam. The app provides robust security features, including SSL or TSL encryption, two-factor authentication, and enhanced data protection to ensure customers enjoy secured access. On the flip side, if you select a platform that lacks encryption standards, you choose unsecured access that is more vulnerable to cybersecurity attacks. Inadequate encryption leads to data breaches, and your sensitive information, such as passwords, personal details, and financial data, remains at risk always. Hence, while choosing a digital lending app, consider this point before going ahead. 04

5. Review the app’s privacy policy. To demonstrate their commitment to respecting customers’ privacy, legitimate apps always remain transparent about their data practices. It helps customers to assess the app’s credibility and decide whether to trust it with their personal information. Secured platforms like RING always reflect transparent privacy policies to users. It shows how concerned the app is to handle their data and crucial information securely, safely, and carefully. Reviewing privacy policies helps users ensure that the digital lending platform meets applicable legal requirements. The RING app focuses on ensuring compliance with regulations, and therefore, there’s no relevance in unauthentic reports related to paywithRING fraud. The app consistently makes the best efforts to build customer trust in its privacy practices.