Category

Ganesh HegdeApr 25, 2023 eKYC, id verification No Comments

The Era of Online Dating Gone are the days when people would pursue romantic interests through social circles. Dating platforms have altered the mode of socialization and expanded the social arena in both virtual and real life. But the link between virtual...

How To Streamline KYC With Machine Readable Zone For Documents

How To Streamline KYC With Machine Readable Zone For Documents

eKYC, id verification

Introduction With the rapid growth in technology, the need for higher & more sophisticated security & safety protocols has become a high priority. One of the prime examples of this is the Machine Readable Zone or MRZ. MRZ has enabled machines...

Crypto KYC is now mandatory for intermediaries under PMLA

Ganesh HegdeMar 09, 2023 eKYC, Regulations No Comments

Crypto KYC is now mandatory for intermediaries under PMLA

Ganesh HegdeMar 09, 2023 eKYC, id verification No Comments

Introduction The central government has recently brought crypto exchanges, wallets & intermediaries under the purview of the Prevention of Money Laundering Act or PMLA 2002. Any entity involved in the transfer, exchange, conversion, safekeeping, administration,...

How To Identify & Combat Money Laundering In Insurance – AML Breakdown

How To Identify & Combat Money Laundering In Insurance – AML Breakdown

eKYC, id verification

AML Insurance- Insurance Industry & Money Laundering Money laundering and fraud in the insurance sector costs businesses and customers anywhere between 40 billion and 300 billion dollars per year. This high risk of financial crime makes it imperative...

DigiLocker KYC – How Insurers Can Onboard Using DigiLocker

Ganesh HegdeMar 01, 2023 eKYC, Video KYC No Comments

DigiLocker KYC – How Insurers Can Onboard Using DigiLocker

Ganesh HegdeFeb 22, 2023 eKYC, id verification, Regulations No Comments

DigiLocker KYC: An Overview DigiLocker is a Ministry of Electronics and Information Technology (MeitY) flagship initiative launched as part of the Digital India Programme. DigiLocker is a secure document repository created for the use of Indian citizens...

PAN As Common ID- How To Streamline KYC Verification Across BFSI

PAN As Common ID- How To Streamline KYC Verification Across BFSI

eKYC, id verification, Regulations

PAN As Common ID Document – Union Budget FY23 With the recent developments in digitizing processes, the government proposed the use of the Permanent Account Number or PAN as common ID. This move aims to assist regulators in data collection &...

Customer Due Diligence – What Is It & Why It’s Essential For Banks

Ganesh HegdeJan 27, 2023 eKYC No Comments

Customer Due Diligence – What Is It & Why It’s Essential For Banks

Ganesh HegdeDec 27, 2022 eKYC, Regulations, Video KYC No Comments

What Is Customer Due Diligence or CDD? Financial institutions (FIs) are required to verify their customers’ identities & the nature of the businesses they are engaged with. Customer Due Diligence (CDD) is the comprehensive act of performing background...

Re KYC: Know Everything About Periodic Updation

Re KYC: Know Everything About Periodic Updation

eKYC, Regulations, Video KYC

Re KYC – An Overview of Periodic Updation of KYC Re KYC is a measure taken by banks to guarantee that the details obtained at the time of bank account establishment, such as KYC docments, contact information, address and so on, are up to date. This...

How Is KYC Different From KYB & Which One Does Your Business Need?

Ganesh HegdeSep 05, 2022 eKYC, Video KYC No Comments

How Is KYC Different From KYB & Which One Does Your Business Need?

Ganesh HegdeAug 05, 2022 eKYC, Video KYC No Comments

Introduction With illegal financial activities like money laundering & terrorist financing on the rise, businesses are realizing the need for robust regulatory practices in place. KYC (Know Your Customer) & KYB (Know Your Business) practices...

Assisted & Non-Assisted KYC Verification – All You Need To Know

Ganesh HegdeAug 22, 2022 eKYC, V-CIP, Video KYC No Comments

Assisted & Non-Assisted KYC Verification – All You Need To Know

eKYC, V-CIP, Video KYC

What is Assisted & Non-Assisted KYC? KYC, often known as “Know Your Customer” or “Know Your Client,” is a set of rules for verifying a user’s identity before or while transacting business with banks and other financial...

Onboarding 101: Everything You Need To Know About KYC Verification

Onboarding 101: Everything You Need To Know About KYC Verification

Ganesh HegdeAug 03, 2022 Aadhaar, eKYC, id verification No Comments

What is KYC Verification? Know Your Customer or KYC is a set of protocols designed to verify the identity of a client or entity before conducting business with them. The KYC process typically involves collecting certain information from a prospective...

How to Verify Customer KYC with Aadhaar Verification APIs

How to Verify Customer KYC with Aadhaar Verification APIs

Aadhaar, eKYC, id verification

What is Aadhaar Verification API? The process of customer verification, with the advent of technology and the passage of time, has become an important part of any onboarding or recruitment process. Contact centers employ customer verification procedures...

Bank Account Verification – What is it & How to Use It

Ganesh HegdeJul 29, 2022 eKYC No Comments

Bank Account Verification – What is it & How to Use It

Ganesh HegdeJul 01, 2022 eKYC, Regulations No Comments

What is Bank account verification? Bank account verification is the process of enabling businesses to cross-check the propriety of bank accounts. This is a part of the customer due diligence (CDD) procedure that companies are required to go through...

Video PD: Personalized & Secure Customer Onboarding For Businesses

Ganesh HegdeJul 18, 2022 eKYC, V-CIP, Video KYC No Comments

Video PD: Personalized & Secure Customer Onboarding For Businesses

eKYC, V-CIP, Video KYC

What is Video PD? Video Personal Discussion, commonly known as video PD, is a virtual customer connect mechanism businesses use to become acquainted with their potential clients or customers. The process is essential for companies to analyze a new business...

Solving the KYC Compliance Challenge for Businesses

Solving the KYC Compliance Challenge for Businesses

Ganesh HegdeJun 15, 2022 eKYC, id verification No Comments

What is ‘Know Your Customer’ or ‘KYC’? Confirming a customer’s identity prior to his/her onboarding is important procedure businesses of all sizes need to follow. Through KYC compliance, businesses can verify & stay safe...

KYC Made Simple with PAN Verification: A Complete Overview

KYC Made Simple with PAN Verification: A Complete Overview

eKYC, id verification

Pan – A Crucial Tool for Taxes & KYC PAN stands for Permanent Account Number and is used to identify various taxpayers in the country. PAN is a 10-digit alphanumeric identification number (including both alphabets and numbers) issued...

Blockchain Based KYC – The Future of KYC Verification

Ganesh HegdeMay 27, 2022 Blockchain, eKYC, V-CIP, Video KYC No Comments

Blockchain Based KYC – The Future of KYC Verification

Blockchain, eKYC, V-CIP, Video KYC

KYC Verification & Blockchain Technology – Overview & Challenges KYC verification is the straightforward process of authenticating a client, employee, vendor, or stakeholder’s identity using validating factors. These factors could...

Penny Drop Verification – Instant Bank Account Authentication

Ganesh HegdeMay 19, 2022 eKYC, id verification, Video KYC No Comments

Penny Drop Verification – Instant Bank Account Authentication

eKYC, id verification, Video KYC

Why Penny Drop Verification Used For Client Onboarding? Penny drop verification is a form of bank account validation in which a penny, usually INR 1 (hence, the name), is deposited into the bank account. For example, if a business registers a new vendor,...

Vendor KYC Verification For Procurement And Distribution in Retail & FMCG

Ganesh HegdeMay 17, 2022 eKYC No Comments

Vendor KYC Verification For Procurement And Distribution in Retail & FMCG

Ganesh HegdeMay 09, 2022 eKYC No Comments

Vendor KYC Verification In Logistics and Supply Management Excellent logistics and supply chain management are now widely recognized as a critical component of nearly any company’s competitive advantage. Poor logistics performance, on the other...

How to Eliminate the Risk of Identity Thefts In Online Video KYC?

How to Eliminate the Risk of Identity Thefts In Online Video KYC?

Ganesh HegdeMay 05, 2022 eKYC No Comments

The Role of Artificial Intelligence In Ascertaining a User’s Presence During Video KYC KYC verification for user registration or client onboarding can be carried out with just a few clicks, thanks to Video KYC solutions. By introducing AI-driven remote...

The Role of KYC Verification In AML For Crypto Assets

The Role of KYC Verification In AML For Crypto Assets

Ganesh HegdeApr 19, 2022 eKYC No Comments

In the evolving landscape of cryptocurrency, compliance obligations and regulatory scrutiny are increasingly shaping the industry’s trajectory. Given the magnitude of financial crimes and illicit activities, robust measures in anti-money laundering...

Role of KYC Verification in Anti Money Muling

Role of KYC Verification in Anti Money Muling

Ganesh HegdeMar 14, 2022 eKYC No Comments

What is money muling? Money muling is a form of money laundering. A money mule is someone who receives money in their bank account from a third party and either transfers it to another account or takes it out in cash and provides it to someone else...

3 key changes in your KYC process that will make a big impact on your business

3 key changes in your KYC process that will make a big impact on your business

AbhijithNov 02, 2021 eKYC, Video KYC No Comments

Key Changes In KYC Process Businesses undertake to Know Your Customer (KYC) processes to ascertain the identities of their prospective customers. Inefficient identity verification exposes an organization to multiple risks such as fraud, money laundering,...

All Bets Are Off! – KYC Verification For Online Betting, Gambling & Gaming

All Bets Are Off! – KYC Verification For Online Betting, Gambling & Gaming

AbhijithOct 14, 2021 eKYC, Regulations No Comments

Real money gambling – An Overview Gambling is undoubtedly one of the oldest activities that have continuously been carried out by people the world over for millennia, and it doesn’t look like it will run out of steam anytime soon. Since the dawn...

DoT Permits eKYC & Self-KYC Authentication For New Mobile Connections

DoT Permits eKYC & Self-KYC Authentication For New Mobile Connections

AbhijithOct 08, 2021 eKYC, eSign No Comments

Government simplifies telecom rules, permits paper-less KYC In a series of notifications released on September 21, 2021, the Department of Telecommunications (DoT) informed all telecom service providers of sweeping changes to the onboarding process for...

eSign For Hospitals – 7 Advantages of An eSign Workflow In Healthcare

eSign For Hospitals – 7 Advantages of An eSign Workflow In Healthcare

AbhijithSep 29, 2021 eKYC, Regulations No Comments

Healthcare documentation – An overview Anyone that’s been admitted to a healthcare institution or had to undergo any sort of medical procedure will know how “document-heavy” hospitals tend to be. From insurance pre-verification documents and...

RBI Releases New Aadhaar eKYC Application Guidelines For NBFCs

RBI Releases New Aadhaar eKYC Application Guidelines For NBFCs

AbhijithJun 11, 2021 eKYC, Video KYC No Comments

New Aadhaar Licence Procedure For NBFCs In a notification sent on September 13, 2021; RBI informed the chairpersons & CEOs of NBFCs of the new guidelines for applying for an Aadhaar licence to use online eKYC for client authentication via the client’s...

Automate documentation and verification with SignDesk’s API

AbhijithSep 02, 2021 API, eKYC, eMandate, eSign, Video KYC No Comments

Automate documentation and verification with SignDesk’s API

API, eKYC, eMandate, eSign, Video KYC

Why API integrations? Automating tasks can not only save your time significantly but also help you manage them efficiently. With API integrations, companies can integrate their programs and database with the industry applications and automate tasks effortlessly....

Secure your healthcare insurance with eKYC and prevent fraud

Secure your healthcare insurance with eKYC and prevent fraud

AbhijithMay 18, 2021 eKYC, Video KYC No Comments

eKYC – Healthcare Insurance The Healthcare sector is one of the most vulnerable sectors in India. No one wants to experience the financial and emotional shock when they find out that someone has stolen/misused their identity to gain healthcare benefits...

How Document Verification Prevents ID Fraud

How Document Verification Prevents ID Fraud

AbhijithMar 11, 2021 eKYC, Video KYC No Comments

Document Verification – Background Digitization is taking off in a big way. The number of smartphone users has increased to around 2.9 billion in 2020 and more customers are demanding digital channels for services. Nearly 40% of customers are more...

All About Video KYC – Everything You Need To Know About Video-Based KYC Verification

All About Video KYC – Everything You Need To Know About Video-Based KYC Verification

AbhijithFeb 01, 2021 eKYC No Comments

What is Video KYC? Video-based KYC or Video KYC is a recently introduced KYC (Know Your Customer) procedure, involving the video-based verification of a customer’s KYC details. A customer’s KYC details are collected & verified typically before...

Everything you need to know about cKYC – Explained

Everything you need to know about cKYC – Explained

AbhijithDec 21, 2020 eKYC No Comments

cKYC: A Primer KYC is a fairly ubiquitous term in the regulated sector. Know Your Customer or KYC is a requirement for customers to avail the services of businesses in the BFSI sector and is in place to prevent cases of financial fraud including money...

eKYC Explained – A Complete Account Of All Things eKYC

eKYC Explained – A Complete Account Of All Things eKYC

AbhijithDec 09, 2020 eKYC, Video KYC No Comments

What is eKYC? eKYC (Electronic KYC) is a digital customer KYC verification procedure wherein the identifying details of a customer desirous of obtaining services from a regulated business are verified electronically. eKYC primarily involves KYC verification...

Why NBFCs Require A Holistic Approach To KYC Verification

Why NBFCs Require A Holistic Approach To KYC Verification

AbhijithJun 15, 2020 eKYC No Comments

KYC Verification: One size doesn’t fit all Know Your Customer (KYC) procedures are a huge pain point for banks, NBFCs, insurers & several other businesses. These procedures are subject to rapid change, entail huge costs and precipitate huge losses...

SEBI notification now allows paperless investor onboarding

SEBI notification now allows paperless investor onboarding

AbhijithJun 12, 2020 eKYC No Comments

SEBI notification now allows paperless investor onboarding In a circular released on April 24 2020, SEBI has permitted the KYC process for individual investors to be completed online. The circular allows investors to begin an account-based relationship...

IRDAI allows eKYC for insurance companies

IRDAI allows eKYC for insurance companies

AbhijithJun 11, 2020 eKYC No Comments

IRDAI allows eKYC In a press release dated 24 April 2020, IRDAI has permitted a list of insurance companies to avail online Aadhaar verification from UIDAI to verify the KYC information of customers. This is set to have a huge impact on the insurance...

Why you should be onboarding customers with eKYC

Why you should be onboarding customers with eKYC

AbhijithJan 11, 2020 eKYC No Comments

eKYC eKYC is an electronic or digital method for financial institutions and banks to verify the identities of their customers. In recent times, eKYC has become synonymous with Video KYC, which is the process of authenticating KYC information digitally...

RBI issues landmark notification on Video-Based identification for KYC

RBI issues landmark notification on Video-Based identification for KYC

AbhijithSep 23, 2019 eKYC, Video KYC No Comments

Reserve Bank of India (RBI) has issued a notification dated 09th January 2020, officially recognizing the Video-Based Customer Identification Process (VCIP) as a method of customer identification. This comes as a welcome relief to Banks and other Regulated...

How Video KYC is Disrupting Age-Old Methods of KYC?

How Video KYC is Disrupting Age-Old Methods of KYC?

ShashankMar 08, 2019 eKYC No Comments

Note: RBI(Reserve Bank of India) has issued a notification dated 09th January 2020, officially recognizing the Video-Based Customer Identification Process (V-CIP) as a method of customer identification. Video KYC Solution The recent amendment in The...

New Amendment States ‘Other’ e-KYC Techniques Allowed for e-Signatures

New Amendment States ‘Other’ e-KYC Techniques Allowed for e-Signatures

AbhijithFeb 21, 2018 eKYC, eSign No Comments

e-KYC Techniques Allowed for e-Signatures:- The Ministry of Electronics and Information Technology has issued a notification amending the Second Schedule to the Information Technology Act, 2000. In a nutshell, Section 3A of the IT Act,2000 specifies that...

How To eSign Real Estate Documents In India?

How To eSign Real Estate Documents In India?

AbhijithDec 28, 2017 eKYC, eSign No Comments

Introduction Paperwork involving real estate deals has forever been an expansive affair in India. Binding approvals from various authorities are needed to complete any property transaction. A typical property transaction involves a surplus of paperwork...

Aadhaar Based eSignature For Banking Activities

Aadhaar Based eSignature For Banking Activities

AbhijithDec 22, 2017 eKYC No Comments

Aadhaar eSignature eSignature for banking purposes is an inevitable facility every bank is set to present to its’ customers. Just like the Mobile and Net Banking facilities, eSignature has been designed to bring in a paradigm shift to the customer experience...

How Aadhaar Based eSign & eKYC Will Boost Your Workflow?

AbhijithDec 27, 2017 Aadhaar, Documents, eKYC, eSign No Comments

How Aadhaar Based eSign & eKYC Will Boost Your Workflow?

Aadhaar, Documents, eKYC, eSign

Aadhaar represents the unique identity of every Indian. It has reached out to the masses in such an emphatic way that at the time of writing this document almost 99.9 percent or 1.3 billion Indians over the age of 18 have been issued the biometric-enabled...

Top 3 Tech For A Seamless Banking Experience

Top 3 Tech For A Seamless Banking Experience

AbhijithDec 07, 2017 eKYC No Comments

Note: The eSign based eMandate services have been suspended following the Circular No: NPCI/2018-19/NACH/CIRCULAR NO.35 issued by the NPCI. However, we still offer API based eMandate services. Contact us to know more. Seamless Banking Experience...

5 Progressive Features Of The Aadhaar Based eSignature

5 Progressive Features Of The Aadhaar Based eSignature

AbhijithDec 01, 2017 Aadhaar, eKYC No Comments

The Aadhaar based eSignature enables the user to make legally binding electronic signature over important documents. The user only has to upload the necessary documents to the SignDesk portal and enter his/her Aadhaar linked mobile number- it enables...

Aadhaar eKYC – What Is It And The 3 Incredible Advantages

Aadhaar eKYC – What Is It And The 3 Incredible Advantages

Aadhaar, eKYC

Aadhaar eKYC A job applicant at a hospital ended up getting psychiatric sessions thanks to mistaken identity according to a World Privacy Forum report. Funny as it is, Identity theft or mismanaging the same has proven to cause colossal financial as...

4 Ways eMandate Boosts Business In India

AbhijithNov 24, 2017 Blockchain, Documents, eKYC, eMandate, eSign No Comments

4 Ways eMandate Boosts Business In India

Blockchain, Documents, eKYC, eMandate, eSign

Note: NPCI has issued Circular No: NPCI/2018-19/NACH/CIRCULAR NO.35 suspending the eSign based eMandate services. However, we still offer API based eMandate services. Know more about the API based eMandate service. eMandate A mandate is a physical...

How Will Blockchain Revolutionise Traditional Businesses?

AbhijithOct 17, 2017 eKYC No Comments

How Will Blockchain Revolutionise Traditional Businesses?

AbhijithOct 09, 2017 eKYC, eSign No Comments

With the emergence of Bitcoin since 2008, there has been an ongoing focus on digital currencies that come with extra security, speedy transactions, and better financial infrastructure. The blockchain will extensively impact all of these applications and...

5 Advantages of eMandate In India

AbhijithOct 13, 2017 Documents, eKYC, eMandate No Comments

5 Advantages of eMandate In India

Documents, eKYC, eMandate

eMandate Note: The eSign based eMandate services have been suspended following the Circular No: NPCI/2018-19/NACH/CIRCULAR NO.35 issued by the NPCI. However, we still offer API based eMandate services. Know more about the API based eMandate service....

Cashless Economy: Aadhaar Based eSign Plays A Central Role

AbhijithOct 12, 2017 Aadhaar, eKYC, eSign No Comments

Cashless Economy: Aadhaar Based eSign Plays A Central Role

Aadhaar, eKYC, eSign

Indian Government’s decision to fully digitize our economy ruffled many a business heads at the outset. Not anymore though. As with any radical change, the initial rough phase has been left behind as we begin to soak in the many benefits of the much...

8 Advantages of A Paperless Office Environment

AbhijithOct 11, 2017 Documents, eKYC, eSign No Comments

8 Advantages of A Paperless Office Environment

Documents, eKYC, eSign

Paperless Office A paperless office is a much welcome trend in business today. That is to say, from internal communication and accounting to drafting important documents and even signing them without paper, a smart business sure knows how to optimize...

4 ways eSignature helps grow your business

4 ways eSignature helps grow your business

AbhijithSep 25, 2017 eKYC No Comments

Transforming documentation workflow with eSignature The dim view about eSigning an online document is getting brighter by the day. Just like mobile phones took over the telegram industry, the eSignature has started to eliminate the need for many paper-based...

Aadhaar – 6 Ways It Is Making India A Progressive Country

Aadhaar – 6 Ways It Is Making India A Progressive Country

AbhijithSep 22, 2017 eKYC, eSign No Comments

A river loses its name as it flows into the sea. We, humans, are special though – our existence forms a unique identity, it grows into eternity. Aadhaar supports the identity of each Indian with a 12 digit number issued by the Unique Identification...

How Electronic Signature Influences the Digital Age?

How Electronic Signature Influences the Digital Age?

AbhijithSep 06, 2017 eKYC No Comments

Electronic Signature eSign is a secure way of applying an electronic signature to an electronic document. Electronic Signature can be applied to any document online. Public services becoming more efficient and reliable, business processes and services...

Key Challenges And Opportunities For eSign In India

Key Challenges And Opportunities For eSign In India

krupeshJul 03, 2017 eKYC No Comments

Challenges For eSign In India Unfamiliarity Lack Of Education On Topic eSign Not Valid On All Documents Limited Biometric Scanner to Verify eSign Electronic signature or eSign in India is relatively new for trying to replace our physical signatures, something...

10 Ways eSign Improves Productivity In India

10 Ways eSign Improves Productivity In India