What is Self KYC Self KYC or S-KYC as described by the telecom regulator is an alternate and simplified process for obtaining new mobile SIM connection in India. When this is rolled out, you no longer need to visit a physical store to obtain your new SIM. And you can do it style from the […]
PAN Verification API. Reliable, Ultra Fast and Error Free PAN Verification.
What is PAN Verification API? The PAN verification API service offers a straightforward and robust solution for validating the authenticity of a PAN card by cross-referencing it with the government database maintained by the issuing authority. The process involves submitting the PAN number to the issuing authority and receiving in return the confirmation of validity […]
VCIP – Video KYC Verification Approved by PFRDA
Following the footsteps of RBI, SEBI and IRDAI, PFRDA on 06 October 2020, has decided to allow registered intermediaries with PFRDA to onboard, deboard or provide essential pension services to subscribers via Video based Customer Identification Process (VCIP). The regulator asserts that this will greatly benefit both the intermediaries and the subscribers from faster verification, […]
Video KYC Compliance Checklist
Implementing Video KYC Compliance involves more than merely integrating a video chat interface into your customer onboarding process. It represents a significant organizational shift that requires comprehensive changes to your existing procedures and infrastructure. Companies will inevitably experience phases of incorrect implementation, followed by phases where they are neither entirely wrong nor entirely right, before […]
Video KYC Process – A simple use case flow
A high level flow of how the Video KYC call is initiated between the Agent and the Customer.
Video KYC – Common questions our customers ask
In the midst of an unprecedented crisis, it is emerging that the future can never really be anything like the past. With physical movements restricted and much less desired, financial institutions must rethink ways to onboard their customers safely and securely. On 09 January 2020, the Indian financial regulator made a remarkable amendment to the […]
Video KYC Deployment Steps
Following the comprehensive Video KYC FAQ, here is a quick summary of how to deploy the Video KYC solution into your client onboarding flow to remain compliant with the steps specified by the regulator. The Video KYC process can be split into three pillars (Before, During and After) taken from the V-CIP process defined in […]
Digital Identity Verification: By diverse means, we begin to understand the depth of the problem and its cure.
Identity verification seems like a natural casualty of the times. From a friendly application to a friendly nod from the Banker, the account opening steps have been turned on its head for a generation, maybe more. People scorn at the sound of paperwork and identity proofs, and for good reasons. World Bank’s Findex suggests that […]
IRSF Attack – A Case Study
International Revenue Share Fraud (IRSF) accounts for about $10.7 billion in fraud losses. Losses are up by 497% from previous year. This case study highlights the fact that there is no operator who is immune to IRSF attack. And prevention is the best form of cure as there is no cure for this malicious attack.
