‘Know Your Customer’ or ‘KYC’ – as is the popular term for identity verification – follows a citizen like a shadow, throughout life, for a range of rights and services, intricately linked to one’s progress from education to employment to healthcare and finance. Imagine the lack of education for lack of KYC; or lack of […]
What is Aadhaar masking?
As per UIDAI, masking refers to covering the first eight digits of Aadhaar number – in physical or digital form. More precisely, masking refers to concealing the first 8 digits of the Aadhaar Number in your Application and the Aadhaar Card Image (captured as POI or POA).
Lack of identity is an impediment for people to exercise their basic democratic and human rights. Digital identification can help overcome barriers to participation (World Bank Report, 2016).
‘Know Your Customer’ or ‘KYC’, follows a common man like a shadow for a range of rights and services. Insurance, investment, health, education, social welfare […]
Q. What is PRISM and what can it do?
A. PRISM is a database of over 2 million International Revenue Share test numbers (IRSF), as at 20 March 2019, which are provided by IPRN resellers to test that a revenue share destination and number range can be called from a given location. These test numbers, […]
The Indian KYC Context. Mutual relationship between regulated businesses and their customers begins with a simple step: Know Your Customer (KYC). This process was fraught with paper work, delays, intrusive checks and excessive costs until a few years ago. Aadhaar changed this dramatically with the introduction of Aadhaar KYC which had limited but […]
Mutual relationship between a regulated business and their customer begins with a simple step: Know Your Customer (KYC). This process was fraught with paper work, intrusive checks and prohibitive costs to the tune of INR 150 – 175 […]
Obtaining a SIM is fairly straightforward in India, thanks largely to Aadhaar (Unique ID linked to people’s biometrics) that nearly every Indian has now. All a citizen needs to do is to provide their Aadhaar number and biometrics (fingerprint of iris) and the KYC is done electronically. […]
Know Your Customer is essential for obtaining any services – Banking, insurance, telecoms, public services – the list goes on. In the Indian context, until Aadhaar opened up its APIs, KYC was a laborious process costing billions to services providers and inconveniencing customers a great deal with […]
As I visit many of the biggest offices around the world, I wonder “wow” what a nice office. And almost immediately that wow is replaced with angst as I get ready to go through the elaborate, unwelcome and quite frankly unnecessary sign-in process. Of course, my details will have to be captured and my movement […]
It’s fair to say that contacting call centres, in particular Financial Institutions, are never a pleasant experience. It’s hard to get through the IVR and even harder to get through the security questions to prove who you say you are. Knowledge based details such as mother’s maiden name, date of birth, present and past address, […]