Category

Ganesh HegdeJun 26, 2023 Regulations No Comments

Introduction HIPAA compliant e-Signature software that complies with the healthcare industry’s data privacy regulations has completely changed how healthcare organizations handle crucial patient data and consent. The technology equips healthcare practitioners...

RBI Allows DLG for Banks – Digital Lending Guidelines 2023

RBI Allows DLG for Banks – Digital Lending Guidelines 2023

Ganesh HegdeJun 16, 2023 Regulations, Video KYC No Comments

RBI Revamps Digital Lending Guidelines – DLG Permitted The Reserve Bank of India (RBI) has released Guidelines for DLG (Default Loan Guarantee) as part of its Digital Lending Guidelines. According to the guidelines, banks regulated by the RBI...

RBI tags cKYC as High-Risk – Implications & Video KYC as an Alternative

RBI tags cKYC as High-Risk – Implications & Video KYC as an Alternative

Regulations, Video KYC

cKYC Accounts To Require Enhanced Monitoring – RBI In a notification dated April 28, 2023, the Reserve Bank of India (RBI) classified Centralized Know Your Customer (cKYC) as a high-risk process, sending ripples across the banking sector. This move...

New MeiTY Gaming Rules [2023]- What’s Next For Online Gaming in India?

Ganesh HegdeApr 17, 2023 Regulations, V-CIP No Comments

New MeiTY Gaming Rules [2023]- What’s Next For Online Gaming in India?

Regulations, V-CIP

Introduction The Ministry of Electronics and Information Technology (MeitY) has announced a new set of regulations in a draft notification to safeguard online gamers from dangerous content, financial damage, and addiction. The rules were announced as...

SEBI Guidelines On Cloud Framework [2023] – Explained

Ganesh HegdeMar 29, 2023 Regulations No Comments

SEBI Guidelines On Cloud Framework [2023] – Explained

Ganesh HegdeMar 09, 2023 eKYC, Regulations No Comments

SEBI Introduces Guidelines on Cloud Framework – 2023 SEBI, through circular no. SEBI/HO/ITD/ITD_VAPT/P/CIR/2023/033 dated March 6, 2023, has introduced a framework for cloud adoption by entities regulated by SEBI. which are known as Regulated Entities...

Crypto KYC is now mandatory for intermediaries under PMLA

Crypto KYC is now mandatory for intermediaries under PMLA

Ganesh HegdeFeb 22, 2023 eKYC, id verification, Regulations 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,...

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 &...

E-Sign Regulations Around The World: All You Need to Know

Ganesh HegdeFeb 06, 2023 eSign, Regulations No Comments

E-Sign Regulations Around The World: All You Need to Know

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

Introduction to eSign Regulations An electronic signature, often known as an e-signature, is the digital version of a wet ink signature. These signatures are specific to the document, and must be signed and validated by all parties. Electronic signatures...

Re KYC: Everything You Need to Know About Periodic Updation

Re KYC: Everything You Need to Know 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...

Anti-Money Laundering Guidelines Explained – IRDAI AML/CFT Guidelines

Ganesh HegdeDec 02, 2022 Regulations, Video KYC No Comments

Anti-Money Laundering Guidelines Explained – IRDAI AML/CFT Guidelines

Regulations, Video KYC

IRDAI Regulations For the Insurance Sector, 2022 – Master AML Guidelines The Insurance Regulatory and Development Authority of India (IRDAI) regulates the insurance industry in India. In 2013, and 2015, the IRDAI issued Master Guidelines on AML/CFT...

Now eSign Real Estate Documents Online | Latest IT Act Amendment

Ganesh HegdeNov 17, 2022 eSign, Regulations No Comments

Now eSign Real Estate Documents Online | Latest IT Act Amendment

Ganesh HegdeOct 10, 2022 eSign, Regulations No Comments

Introduction The Ministry of Electronics and Information Technology (MeitY) has released a notification stating an important amendment to the Information Technology Act, 2000. The First Schedule of the IT Act, which contains a list of documents or transactions...

These Five Documents Can Now Be E-Signed | MeiTY IT Act Amendment

These Five Documents Can Now Be E-Signed | MeiTY IT Act Amendment

Ganesh HegdeSep 21, 2022 eSign, Regulations No Comments

MeiTY Amends IT Act (2000), Extends Purview of E-Signatures According to a notification released by the Ministry of Electronics and Information Technology (MeiTY), the First Schedule of the IT Act (2000) has been amended. The notification, dated 26th...

How to eSign Key Fact Statements (KFS) With Digital Signatures

How to eSign Key Fact Statements (KFS) With Digital Signatures

Ganesh HegdeSep 13, 2022 Regulations No Comments

Introduction The Reserve Bank of India (RBI) has released it’s Digital Lending Guidelines 2022, for all commercial and co-operative banks, and NBFCs (Non-Banking Financial Companies). The guidelines lay out new compliance requirements for digital...

RBI Digital Lending Guidelines 2022 – Explained

RBI Digital Lending Guidelines 2022 – Explained

Ganesh HegdeSep 06, 2022 eSign, Regulations No Comments

Introduction Digital lending has taken off in a big way in India, with digital loans making up more than 55% of total loans disbursed by private sector banks in 2020 and over 52% of loans provided by NBFCs in 2021. Despite this general uptick, lax customer...

Section 65B Evidence Act- Explained In Detail

Section 65B Evidence Act- Explained In Detail

Ganesh HegdeJul 26, 2022 Digital Stamp, eSign, Regulations No Comments

Introduction Section 65B is part of the Indian Evidence Act, 1872 & lays out details concerning the creation of evidence in electronic format. Section 65B – Evidence Act specifies the requirements for the admissibility of electronic records...

SEBI Introduces Demat, Debit & Pledge Instruction (DDPI) To Replace PoA

SEBI Introduces Demat, Debit & Pledge Instruction (DDPI) To Replace PoA

Digital Stamp, eSign, Regulations

SEBI Releases Fresh Guidelines For PoA & DDPI The Securities and Exchange Board of India (SEBI) issued a circular dated April 4, 2022, stating that the Power of Attorney (PoA) usually granted to stockbrokers and depositories will no longer be allowed...

Solving the KYC Compliance Challenge for Businesses

Ganesh HegdeJul 01, 2022 eKYC, Regulations No Comments

Solving the KYC Compliance Challenge for Businesses

AbhijithOct 14, 2021 eKYC, Regulations 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...

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

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

AbhijithSep 29, 2021 eKYC, Regulations 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...

RBI Releases New Aadhaar eKYC Application Guidelines For NBFCs

RBI Releases New Aadhaar eKYC Application Guidelines For NBFCs

AbhijithJun 02, 2021 Regulations, V-CIP, 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...

Everything You Need To Know About RBI’s New Video KYC Norms

Everything You Need To Know About RBI’s New Video KYC Norms

Regulations, V-CIP, Video KYC

RBI amends Video KYC & KYC updation rules RBI announced an amendment to its Master Direction on KYC late on May 12, 2021. The amendment covers a broad range of topics concerning Video KYC, V-CIP (Video-based Customer Identification Procedure), and...

RBI Governor Announces Changes to KYC Norms; Emphasizes Video KYC

AbhijithMay 05, 2021 Regulations, Video KYC No Comments

RBI Governor Announces Changes to KYC Norms; Emphasizes Video KYC

Regulations, Video KYC

RBI Governor Releases Statement On May 5, 2021, the governor of the RBI, Shaktikanta Das released a statement looking back on the year 2020. In his statement, the governor assessed the state of the Indian economy and announced several measures the RBI...

RBI introduces norms to curb digital lending malpractices

AbhijithJul 02, 2020 Regulations No Comments

RBI introduces norms to curb digital lending malpractices