KYC Solutions & Its Merits

Whether recruiting an individual or setting up a partnership or alliance with a vendor or another business, it is crucial to know who you are dealing with. KYC or Know Your Customer is designed to prevent misrepresentation and identity frauds. KYC verifies data related to individuals, businesses, vendors or other third parties to root out [...]

2018-03-27T08:52:58+00:00 2018, Blogs|

Smart KYC Solutions: The Need of the Hour for Employers

Know Your Customer (KYC) is the “process of a business identifying and verifying the identity of its clients”. KYC solutions are also used by banks and companies to ensure anti-corruption compliance and to confirm the identity of customers, agents or distributors.   What is KYC and why is it important? In India, the Reserve Bank [...]

2019-07-04T15:26:09+00:00 2018, Blogs|

Are you using APIs for Background Verification?

Tech-enabled background checks are transforming the way hiring and on-boarding is performed across industries. HR is increasingly adopting HR Technology to lead business growth needs across organisations. New-age products & screening services ride on an array of capabilities assimilated from various services providers. Powered by technology, all these platforms leverage digital APIs to deliver seamless customer experience. The experience [...]

2018-01-23T09:31:40+00:00 2018, Blogs|

e-KYC- Reducing On-boarding Turn Around Time

Electronic Know-your-customer (e-KYC) process, based on Aadhaar or Unique Identification Number is transforming operations across businesses- saving time and money while delivering seamless experience! Using Aadhaar information and biometric/OTP based authorizations, e-KYC enables businesses with paperless onboarding process, reducing on-boarding time from days to minute! With more than 98% of Indian population being enrolled with UIDAI, [...]

2018-01-17T11:02:01+00:00 2017, Blogs|

The Power of Aadhaar based eKYC

Knowing your customer (KYC) is critical to your business to mitigate external risks and safeguard your company brand and financials. For example, KYC is critical for banks to comply with Anti-Money Laundering reporting standards. KYC is the banks way of taking ownership of all funds placed for deposit under their care while establishing repoire with [...]

2018-01-19T10:40:05+00:00 2017, Blogs|

eKYC vs Manual KYC: Leveraging Data and Technology to power business growth

As companies grow and on-board customers and employees faster, they are also grappling with the task of managing paper based, manual KYC processes. Successful customer acquisitions need faster verification and client on-boarding. To accelerate customer acquisition across existing and new geographies, organisations need access to instant, paperless KYC process while holding high standards of data [...]

2018-01-24T04:52:27+00:00 2017, Blogs|

A look at India’s biometric ID system: digital APIs for a connected world

The consistency of government-issued ID ensures connection to government benefits and financial services, limiting fraud, waste and abuse. In India, a lack of a national identification system has restricted access to public-sector goods and services. Indians had struggled when obtaining a driver's license or even enabling a mobile phone if they didn't have identification. That has [...]

2018-02-27T11:13:17+00:00 AuthBridge in Media|