Taking into account the recent updates made by RBI regarding the master KYC direction (MD) on 20 April 2023 and subsequent updates on 04 May 2023, it is crucial to emphasize the significance of sanctions screening by Regulated Entities before onboarding customers. The specific details regarding this sanctions screening process are classified under Chapter IX […]
ONDC – Enabling consumer trust through Verified Sellers
ONDC Context The core idea of ONDC is for sellers to sell anything to anyone online. And for buyers to buy anything from anyone using a single Application. Consumers can discover products across all sellers, and sellers can sign up into the ONDC network through a plug-and-play integration and be discovered without multiple sign-ups across […]
Mask Aadhaar Solution
Masked Aadhaar Aadhaar and its regulations are governed by UIDAI. As per UIDAI, Masked Aadhaar refers to redacting the first eight digits of Aadhaar number – in physical or digital form. Regardless of the industry you are in, you will have to mask/redact Aadhaar numbers as per current regulations. For instance, even if you are […]
PIVC: Pre-Issuance Verification Call Solution for Insurers
PIVC – A regulatory compliant digital solution for insurers Pre-Issuance Verification Call or PIVC as is commonly called in the insurance industry is a way for insurance companies to verify that the proposal solicited by insurance Agents matches with the needs of the customer. Prior to issuing a new policy, it is incumbent upon the […]
Self KYC for new mobile SIM connection
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? PAN verification API service is a simple and robust way to verify the genuineness of a PAN card by matching it with the government database of the issuing authority. This is achieved by passing the PAN number to the issuing authority and receiving the validity and other demographic details back. […]
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, […]
VBIP – Video KYC for Insurance Industry
Following the footsteps of RBI and SEBI allowing regulated entities to onboard and verify customers using a video call (V-CIP or V-IPV as the process is commonly known), IRDAI has taken steps to let Insurance Companies do the same (known as VBIP). Here’s how you can use our ready to use, zero integration, secure and […]
Positive Pay Service to curb Cheque Fraud
Positive Pay Introduction Positive pay is a cash management service by Banks to prevent cheque fraud. The intent is to ensure that the cheques once issued are not tampered when they are presented for clearance. Positive pay service allows the Banks to match the details of the cheque issued with the cheque received before they […]
Video KYC Compliance Checklist
Video KYC (V-CIP) is not the same thing as stitching a video chat interface to your customer onboarding process. It is a profound organizational change. And each organization will go through a period of doing it wrong, not doing it wrong but not doing it right either, and finally doing it right. We are here […]
