Skip to content
Srikar Reddy edited this page Jan 21, 2025 · 6 revisions

DeviceConnect iOS SDK

This document outlines the DeviceConnect iOS SDK, a tool that empowers lenders to gather valuable insights from user devices to support informed lending decisions.

Introduction

The DeviceConnect iOS SDK seamlessly integrates into lenders' iOS applications, facilitating secure data collection and analysis. By obtaining explicit user consent, the SDK ensures compliance with data privacy regulations.

By leveraging the data collected by the DeviceConnect iOS SDK, lenders can make more informed and responsible lending decisions, benefiting both themselves and their borrowers.

Benefits for Lenders

  • Improve risk assessment: By analyzing data like device information and user behavior, lenders can better assess the risk associated with each loan application. This helps identify potential fraud and reduce the likelihood of loan defaults.

  • Make more informed decisions: The insights gathered by the SDK empower lenders to make more informed decisions about loan approvals, interest rates, and loan terms, ultimately leading to a healthier loan portfolio.

  • Streamline the application process: By automating data collection, the SDK can streamline the loan application process, making it faster and more efficient for both lenders and borrowers.

Benefits for Borrowers

  • Quicker loan approvals: By automating data collection and analysis, lenders can process applications faster, potentially leading to quicker loan approvals.

  • Potentially lower interest rates: For borrowers with strong risk profiles, the insights gained from the SDK may enable lenders to offer lower interest rates.

  • Potentially higher loan limits: Based on the comprehensive risk assessment, lenders may be able to offer higher loan limits to qualified borrowers.

Technical Overview

Technologies Used

  • Swift
  • Objective-C

Key Features

  • Device Information: Collect data like device model, operating system version, and screen resolution.
  • App Usage: Track app usage patterns to understand user behavior and engagement.
  • Location Details: Gather location data using GPS to assess risk factors.

Integration Guide

Basic Integration

Code Examples

Data Privacy and Security

The DeviceConnect web SDK prioritizes user privacy and data security.

Data Privacy

  • User Experience:

    • Before any data is collected, users are presented with a detailed description of each data source and the privacy policy.
    • Explicit consent is obtained from the user before any data collection occurs.
  • Data Collection:

    • Data is collected only after the user provides explicit consent.

Data Security

  • Secure Data Transmission:
    • Data is transmitted using secure protocols to ensure confidentiality and integrity.
    • Data is encrypted before transmitting it.

Troubleshooting

Common Issues

  • TBD

Troubleshooting Steps

  • TBD

Contact Support

Disclaimer

This documentation is provided for informational purposes only and may be subject to change without notice. FinBox reserves the right to update or modify this content at any time. It does not constitute legal or financial advice.

Important Considerations

Target Audience

  • Primary Audience: iOS developers integrating the DeviceConnect iOS SDK into lending applications.

  • Secondary Audience:

    • Technical project managers overseeing integration projects.
    • IT support personnel who may encounter integration-related issues.

Technical Focus

Cater to the developer audience by providing detailed technical specifications, integration instructions, and code examples.

Clear Communication

Use clear and concise language, avoiding technical jargon whenever possible.