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How You Can Optimize Credit Card Onboarding With Video KYC

Credit Card Onboarding Onboarding a credit card user is usually a pretty complicated and extensive process. The competitive nature of the financial services industry further exacerbates the difficulty of and time spent on onboarding a single user. Credit...

Why Document Verification Is The Future Of KYC

Video KYC

Data-centric KYC Most of us are familiar with data-centric verification methods, although we probably haven’t heard that term used to describe these methods. For the longest time the only way to verify customers involved verifying information reported...

How Your Business Can Automate Vendor Contracts & Onboarding

Video KYC

We all need help sometimes Business lingo these days is dominated by talk of the “rugged individualist” who takes on the world & manages to find a niche, research client requirements, create a product, market it successfully, wrangle investors...

6 Ways Digital Wallet Providers Can Improve Their Services With Video KYC

Video KYC

Rapid growth in mobile payments The mobile payments and digital wallet sector is experiencing rapid & nearly exponential growth. According to nearly all reports, this growth is projected to steadily increase over the next few years. KPMG reports...

Identity Theft & Online Fraud In The Banking Sector And How Better KYC Is The Remedy

Video KYC

Widespread online fraud in Indian Banking With the advent of work from home all over the world and a major shift towards digitization across all sectors in the wake of the ongoing pandemic, fraudsters and hackers have been making hay. The primary means...

IRDAI Allows Electronic Health Policies & OTP-based Consent For Proposal Forms

Video KYC

VBIP & the trend of digitization Following landmark guidelines regarding video KYC from RBI, regulatory bodies in several sectors have followed suit and envisaged video-based onboarding and KYC verification methods for businesses in their respective...

Banking Fraud in India And How Banks Can Combat it

Video KYC

Rising Banking Fraud in India According to RBI’s Annual Report for 2019-20, the number of reported fraud cases involving ₹1 lakh and above have increased by 28% in volume and a whopping 159% in value in 2019-20. Public sector banks experienced...

How IRDAI Now Allows End-To-End Digital Insurance Policy Dispensation

Video KYC

Rapid digitization in the insurance sector Over the last month, IRDAI has issued two circulars: one permitting video KYC for insurance onboarding and the other allowing insurers to issue electronic insurance policies and obtain e-signatures from customers...

IRDAI Officially Announces VBIP

Video KYC

VBIP Following the release of a private circular to general, life, and standalone health insurers announcing its intent to envisage a video-based verification procedure, IRDAI has now officially announced the Video-based Identification Procedure (VBIP)...

Why Educational Institutions Need Digital Student Onboarding Right Now

Video KYC

The problem of paper-based registrations Most of us remember what it was like registering for college. Images of long lines of students (accompanied sometimes by worried parents), shuffling along quietly with files of IDs and certificates in hand,...

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