Streamlining Customer Onboarding & Security: A Deep Dive into Video KYC 

In light of recent trends, there’s been a surge in prioritising user identification and verification across various domains, be it employees, gig workers, customers, or third parties. This heightened focus stems from the escalating instances of fraudulent activities, the proliferation of sophisticated tools and the dark web for malicious intents, and the evolving need to provide a seamless onboarding experience in our fast-paced, dynamic world. 

With KYC procedures taking centre stage, there’s a significant emphasis on ensuring thorough verification, particularly for residents in remote areas, reflecting a commitment to security and compliance.

Navigating the Regulatory Landscape - Importance of KYC in India's Financial Sector

KYC procedures are measures regulated entities take to identify and verify their customers before transacting or establishing an account-based relationship. Such identification helps business entities to understand their customers/clients/third parties and their financial dealings, thereby reducing the likelihood of money laundering activities and terrorist financing. 

In India, the KYC process has been a matter of great discussion among stakeholders – Government, regulators, entities and customers. The financial services industry, being the most highly regulated, needs to perform specific activities to stay on the right side of the law and mitigate the risk of money laundering and terrorist financing – such as client due diligence, maintenance of records, suspicious transaction reporting, etc. IRDAI, RBI and SEBI primarily regulate this industry; hence, the respective regulators develop the policy framework regarding anti-money laundering (AML) and counter-terrorism financing (CFT) to ensure customer security and prevent money laundering.

To ensure this, obtaining officially valid documents from the individuals as proof of identity and proof of address is crucial. In addition, certain KYC norms need to be followed during the verification process to verify the documents/ information proofs that customers have submitted.

Video KYC - The Crucial Emerging Trend

As the world becomes increasingly digital, organisations across industries are adopting new technologies to streamline processes and meet rising onboarding and verification demands. Among these developments, one is Video KYC. With digital transformation, industries like banking, finance, e-commerce, staffing and recruitment, health and pharma are more inclined to enable remote verification and onboarding; Video KYC is emerging as a game-changer in transforming the verification process.

What is a Video KYC?

As the name suggests, the Video KYC process is done through a live video call to ensure real-time verification of customers, vendors, suppliers, and other third parties. When the world tackled the COVID-19 crisis, businesses across industries faced various challenges in balancing security and seamless onboarding. 

Traditional verification is surrounded by multiple challenges associated with complexity, high TAT, and operational costs. This became much more visible when the world tackled the pandemic crisis, and with traditional verification, it was nearly impossible to strike the right balance between security and seamless onboarding. Thus, more organisations are increasingly opting for video KYC to conduct verification at scale, reduce operational costs, and enable contactless onboarding.

The video KYC  process includes conducting video interactions in real-time and capturing the customer’s data so that the required checks can be performed to ensure compliance with regulatory requirements. The process allows the verifier to capture and compare the individual’s live image with the submitted NID (national identity document), creating a complete identity record.

Traditional KYC vs. Video KYC

With technology evolving daily, V-KYC offers several advantages over traditional verification, including enhanced security, customer experience, and faster turnaround time.

Here is a detailed comparison between Traditional KYC and Video KYC:

Key Area

Traditional KYC

Video KYC

Process

Requires physical presence for document verification

Conducted remotely via video call for verification

Documentation

Physical documents required (ID, address proof, etc.)

Digital documents accepted (scanned or uploaded)

Time

May take several days for completion, resulting in low TAT and delays

Real-time verification ensures faster TAT and quicker onboarding

Cost

Higher due to physical setup and staff

Lower due to remote processes and reduced infrastructure

Security

Relies on physical ID verification

Utilises biometric verification and encryption

Accessibility

Limited by location. Inconvenient due to the need for a physical visit

Accessible from anywhere with an internet connection

Verification Efficiency

Relatively slower due to paperwork, manual form-filling, and scheduling

Faster and more streamlined due to advanced technologies like OCR, liveness detection, face match, etc.

Compliance

Compliance with regulations may vary

Enhanced compliance due to digital audit trails

Flexibility

Limited flexibility in terms of scheduling

More flexibility in scheduling video appointments

Fraud Prevention

Limited fraud prevention measures

Enhanced fraud prevention with biometric verification

Scalability

Limited scalability due to physical constraints

More scalable due to remote access and automation

Unlocking Efficiency: Video KYC Transforming Customer Verification Processes

  • Enhanced Customer Experience, Reduced Churn Rate: Video KYC allows customers to complete the verification process remotely, eliminating the need to visit a physical location. Documents are accepted digitally and extracted via OCR, reducing the need for physical paperwork and manual form-filling. Also, the process is fast and typically completed within minutes, compared to traditional KYC, which may take several days due to paperwork and scheduling constraints.
  • Goodbye to Low Efficiency & High Cost: Video KYC reduces costs associated with physical infrastructure and staff required for in-person verification. Financial institutions can seamlessly verify customer identities and assess risk profiles in a streamlined and standardised manner while adhering to compliance requirements.
  • Wider customer reach: Video KYC can be accessed from anywhere with an internet connection, making it more inclusive for individuals in remote areas. Also, it becomes much easier for financial institutions to expand their customer base and tap into new markets by reaching individuals without needing access to a physical branch or office.
  • Enhanced Security: Video KYC often incorporates AI/ML and biometric verification, providing a higher level of security than traditional methods reliant on physical IDs. This can help financial institutions detect and prevent fraudulent activities more effectively, reducing the risk of financial losses and reputational damage.
  • Compliance Framework: Robust KYC solutions help meet compliance frameworks and industry standards to avoid penalties or legal issues.

Some common frauds that can be prevented with Video KYC

  • Identity Theft: With Video KYC, individuals must present their original NID documents while visually verifying through live video, making it significantly harder for imposters to pass off stolen identities, as they cannot replicate the live interactions and physical appearance of the genuine individual.

  • Impersonation: Fraudsters often attempt to impersonate legitimate customers during account opening or transaction processes. Video KYC adds an extra layer of authentication by verifying the customer’s identity in real time.

  • Document Forgery: Video KYC minimises the risk of document forgery by allowing agents to scrutinise the authenticity of documents during the live verification process and detect subtle signs of tampering or falsification that may go unnoticed in static scans.

  • Account Takeover: Video KYC strengthens authentication procedures by visually confirming the identity of users before granting access to sensitive accounts. Thus preventing fraudsters from hijacking accounts through stolen credentials or social engineering tactics safeguarding customer assets and confidential information.

Video KYC Benefits for Banks, NBFCs, and Telecom Providers

Various industries can leverage Video KYC to streamline operations and enhance security. Banks and NBFCs benefit from remote identity verification for account opening and transaction processing, ensuring compliance with regulatory requirements while reducing paperwork and improving customer satisfaction. Telecommunication providers can use it for customer registration, ensuring KYC compliance and enhancing data security, leading to a smoother onboarding experience and increased customer loyalty. Insurance companies can integrate Video KYC into policy issuance processes, accelerating underwriting and reducing fraud risks. 

E-commerce platforms can verify seller and buyer identities, preventing fraudulent activities and fostering trust within their marketplace. Across these sectors, Video KYC facilitates secure transactions, enhances compliance, and improves customer experience while reducing operational costs and mitigating fraud risks.

Quick Checklist For A Streamlined Video KYC

  • Utilising Advanced, Secure, and Intuitive Technology: Financial entities should adopt a user-friendly Video KYC platform that employs advanced technologies (facial recognition, liveness detection, OCR) and supports various devices and operating systems while ensuring end-to-end encryption to safeguard sensitive customer data.

  • Making Video Calls Safe & Secure: Strong encryption methods should be implemented to ensure secure video interactions, data privacy, and unauthorised access for the overall customer experience.

  • Strengthening Compliance and Risk Management: Integration of video KYC with anti-money laundering (AML) solutions enables the detection and prevention of suspicious transactions and aids in identifying high-risk customers promptly.

  • Consent-Driven Data Collection: Prioritize customer privacy by obtaining explicit consent for collecting and processing personal information. Adherence to relevant data privacy regulations showcases a commitment to safeguarding customer data and fostering trust.

Selecting the Right Video KYC Solution Provider

Choosing a reliable and experienced video KYC solution provider is crucial to ensure all the above pointers and accommodate the business’s unique needs and potential growth in the future. Choosing a solution compatible with the customer management systems and easily integrated with the existing onboarding workflows is imperative to ensure a cohesive and efficient process without causing many disruptions or delays.

At AuthBridge, we offer a robust Video KYC solution that digitises customer onboarding journeys with end-to-end liveness detection, OCR, and geotagging capabilities, adding speed, scale and security to your customer onboarding process. Using AuthBridge’s Video KYC solution for  customer onboarding helps in –  

  • saving operational costs by up to 70%, 
  • reducing KYC turnaround time by up to 90%
  • ensuring an enhanced and secure customer experience
  • assessing suspicious transactions to manage compliance obligations effectively
  • implementing robust data protection measures, including encryption and secure storage of customer data, compliance with GDPR

Banks, NBFCs, mutual funds, insurance, logistics, telecom companies, mobile wallets and P2P marketplaces can use Video KYC to enhance customer experience and catch identity and financial frauds before onboarding customers.

Selecting the right solution provider, ensuring compliance with regulations, and integrating the system with existing workflows contribute to a seamless and effective customer verification process. This, in turn, enhances customer satisfaction, reduces operational complexities, and strengthens the business’s overall security and compliance framework.

To know more about our Video KYC Solution, talk to our solution expert today: https://authbridge.com/contact-us/ 

Product Update: What’s new in iBridge

Engaging with our clients and partners is always exciting as we get to know their thoughts about our product line and processes. It provides us with the opportunity to get their feedback, learn from their experience and make the required advancements to our solutions to best serve our clientele.

With that thought, here are some exciting product updates for iBridge to fast-track your candidate verification and improve your recruiter experience.

Pre-Offer Checks: Verify the Candidates before Offering the Role

With this feature, the recruiters can conduct pre-offer verification to ensure that the candidate meets the necessary criteria and qualifications for the role before the organization invests more time and resources in the hiring process.

Some of the pre-offer checks are as follows:

  • Voter ID Verification: The candidate needs to enter their voter ID number or upload the photo of their Voter card on iBridge. AuthBridge’s Voter ID OCR will extract the details and run a verification. You can verify the candidate’s name, father’s name, address, DOB, among other parameters.
  • Driving License Verification: Enter the driving license number of the candidate or upload the photo of the driving license for our driving license API to authenticate the details like name, address, gender, validity of the driving license, etc
  • Aadhaar verification: Enter the Aadhaar number of the candidate,verify their photo, father’s name, DOB, and house number, among others.
  • Passport Verification: Provide the passport number of the candidate and get instantly verified details
  • PAN Verification: The candidate’s PAN number is entered and the verified information is available in real time
  • UAN Verification: Get the names of previous employers when the candidate’s UAN number is provided
  • RC verification: Get details of any vehicle and verify the details of an individual by simply entering the vehicle RC number.

Let us look at some of the benefits of these checks

  • Instant Results: Upon completing the basic details in the form, OCR-based verification APIs automatically extract information for validation from government and proprietary databases, providing instant results. This streamlines the verification process, prevents the loss of top talent to competitors, and simplifies the selection of qualified candidates.
  • Decreased Hiring Costs: The hiring process incurs significant costs, and investing in candidates later found ineligible can be financially draining for the organisation. Pre-offer checks contribute to reduced hiring costs by swiftly assessing candidates on various parameters.
  • Risk Mitigation: Confirming that candidates meet regulatory requirements for the role helps mitigate legal and compliance risks. Failure to comply with industry-specific regulations can result in legal consequences and financial penalties.

Instant Employee Background Verification

No more waiting around to get the background verification report. Now, instantly verify the candidate information and documents the moment they submit the BGV details. 

Instant checks start as soon as the HR initiates the background verification process for the selected candidates. When candidates submit their details on iBridge, hiring managers can run the necessary checks instantly. Enabling a seamless and faster TAT benefit to the overall process.

Here is how you can benefit from Instant Checks:

  • Wide Array of Checks: Access over 150 instant checks, allowing comprehensive assessment of candidates within seconds. This broad range includes NID checks, bank account verification, face matching, liveness detection, email verification, and employment verification (via UAN), among others while customizing the BGV journey according to your business needs.

  • Instant Results, Zero Wait Time: Now close checks directly on iBridge as soon as the candidate submits details and uploads the necessary documents. OCR retrieves the information automatically, and embedded APIs promptly verify the results, displaying severity levels to HR. This seamless process enhances the efficiency of candidate onboarding and verification.

  • Improved Visibility: Recruiters and hiring managers gain enhanced visibility and trackability by staying informed about the status and severity levels of each candidate’s journey. Monitoring BGV completion becomes effortless, with the ability to analyse data at your convenience, receive real-time updates, and understand discrepancies based on the type of check conducted.
authbridge-instant-checks

These are some key highlights of the latest features and updates introduced in for iBridge. We are confident that you will find these enhancements appealing and seek further information about them. By incorporating one or more of these features in your employee screening operations, you can experience enhanced efficiency and productivity with considerable ease of implementation.

Stay tuned for additional remarkable features and updates scheduled for upcoming releases. We hope you find this blog worthwhile and look forward to sharing more valuable insights in our next update!



For more information, contact us at sales@authbridge.com

Reflecting on a Remarkable Year: 2023 in Review

As we stand at the cusp of a new year, we do not want to miss a moment to reflect on the incredible year that 2023 was. It was a year filled with milestones, new products, and expanding horizons.

Let’s look back at our achievements and learnings from 2023

Celebrating Milestones!

#1 Product Innovation

AuthBridge has remained at the forefront of technological innovation, and this year has been no exception. Our flagship product, iBRIDGE, underwent significant enhancements to revolutionize the candidate hiring and onboarding experience. The new and improved iBRIDGE boasts an advanced reporting module, end-to-end visibility, a streamlined user interface, and pre-offer checks, among other capabilities. These enhancements underscore our commitment to providing seamless, efficient, secure employee verification and onboarding solutions.

In addition to iBRIDGE, advancements to OnboardX marked a significant milestone. This platform digitally transforms the end-to-end third-party onboarding and due diligence process, catering to over 50 industries. With ONBOARDX, AuthBridge is empowering organizations to navigate the complexities of third-party onboarding and risk management easily, ensuring compliance and efficiency in a rapidly evolving business landscape.

Our overarching product improvements reflect a tech-first approach while keeping our customers at the center of everything we do. The result is a suite of solutions that not only meet industry standards but also exceed the expectations of our diverse clientele.

#2 Setting the Gold Standard: 170+ APIs for Digital Check

AuthBridge continues to set the gold standard in authentication and onboarding services with our extensive portfolio of digital check APIs. This year, we expanded our offerings to include more than 170 API-based checks. These checks enable rapid and accurate verification, ensuring businesses can make informed decisions within seconds.

#3 1500+ Strong Family

A company is only as strong as its team, and AuthBridge became even stronger in 2023. The strategic hiring of the right talent has played a pivotal role in strengthening our mission and vision. Our family expanded to a 1500+ strong squad, embodying growth, boldness, and commitment to excellence. It’s not just numbers; it’s a force driving our success. (want to join the tribe?)

#4 Brand Revamp

In line with our commitment to innovation, AuthBridge transformed its brand identity. We proudly launched a new logo representing our evolution and commitment to staying ahead in the authentication and verification space. Our revamped website reflects our dedication to providing our clients and partners with an intuitive and informative online experience.

#5 Building a Community: 80K+ LinkedIn Followers

Our journey is not just about our internal achievements but also the connections we build with our community. We were fortunate to have a strong family of 80,000+ followers on LinkedIn, a platform where we share insights, industry trends, and updates. To each of you, our rockstars, thank you for being an integral part of our journey!

#6 Celebrating 18 Years of Excellence

2023 marked the 18th anniversary of AuthBridge. This journey is a testament to resilience, growth, and commitment to serve the best daily. Over the years, we have evolved, adapted, and continued to set new standards in the authentication and verification industry. Here’s to more years of innovation and excellence!

What's stored in 2024?

As we bid farewell to 2023, we are filled with gratitude and excitement.

As we step into 2024, AuthBridge is poised to embrace the challenges and opportunities that the evolving landscape of authentication and verification presents. New-age technologies, industry-wise trends, and a rapidly changing digital environment will shape our focus for the upcoming year.

AuthBridge remains committed to being a trailblazer in the industry, continuously innovating to meet the evolving needs of our clients. We are excited about the possibilities and look forward to another year of setting new benchmarks, delivering exceptional value, and reinforcing our position as a leader in authentication and verification services.

Thank you for being part of our journey, and here’s to a future marked by innovation, growth, and continued success.

What-is-identity-verification-and-how-is-it-done-blog-image1

What is identity verification, and how is it done?

Identity verification is paramount in ensuring risk mitigation and reliability in the long term. Given the rise in fraudulent activities and increasing emphasis on data security, businesses must choose robust identity verification solutions to assess individual/business 360 degree while supporting consent-based data management, access control, and data minimisation, ensuring compliance with stringent data protection policies.


What are the benefits of identity verification?

Identity verification is a process to confirm that an individual’s claimed identity matches their identity. The reason why identity verification is conducted is due to the following reasons:

  • Enhanced Security

Identity verification ensures only authorised individuals can access systems, data, or physical locations. It minimises risks associated with identity theft, account takeovers, and other fraudulent activities, safeguarding individuals and organisations.


  • Compliance and Regulations

Many industries, such as banking, finance and healthcare, have specific requirements for identity verification to meet Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Robust identity verification solutions enable comprehensive screening of individuals and business partners, ensuring compliance with these regulatory mandates and shielding businesses from potential legal consequences and fines for non-compliance.


  • Data Protection

In today’s environment, stringent data security policies are a top priority. It is a legal and ethical imperative to select robust identity solutions that align with evolving regulations. Identity verification solutions designed for consent-based data management, access control, data encryption/masking, and data minimisation ensure that only necessary information is verified, reducing the exposure of unnecessary data.


  • Streamless onboarding, Faster TAT

Identity verification can simplify user onboarding processes and reduce administrative overhead. Biometric, liveness detection, OCR, and verification APIs for different use cases can make end-to-end onboarding more convenient. It is also helpful in offering customisable experiences and services based on user preferences and behaviour.


  • Trust and Reputation

Users and customers gain a heightened sense of security when they know their identities are being rigorously verified. This fosters trust that their personal information is protected, reducing the risk of data breaches and strengthening an organisation’s reputation.


While identity verification offers many benefits, it’s essential to balance security and user convenience to avoid creating barriers for legitimate users. Additionally, the level of verification required may vary depending on the specific use case and the associated risks.


This is where identity verification APIs play a crucial role in verifying different aspects of the individual, be it identity, age, address, criminal records, etc. The primary role of identity verification APIs is to confirm the identity of individuals, providing an extra layer of security and trust for businesses and customers and expediting onboarding and transaction processes in the fast-paced digital world.


What are the Benefits of Identity Verification APIs?

Real-time Verification: ID verification API enables near real-time verification of individuals and businesses to prevent impersonation or identity theft. 

  • Faster Onboarding TAT: Identity verification API facilitates fast and accurate identity validation by cross-checking sourced and government databases for a seamless onboarding experience. 
  • High Accuracy: Depending on the quality and the size of the proprietary database, API can verify the information quickly and in a secure environment. 

What are the Different Types of Identity Verification

Identity verification can be different based on the entity to be verified. Broadly, there are two ways to conduct identity verification:

  • Individual Identity Verification: ID verification APIs are a fast and accurate way for the verification of the identity of an individual based on their NID documents such as Aadhar card, PAN card, Voter ID card, Driving license and Passport. One of the biggest benefits of the verification API is the ability to verify individuals in bulk rather than doing them individually.
  • Business Verification: Business verification API helps with establishing the identity of a business, such as distributors, vendors, third parties, LLP, and private limited companies. Commonly used business verification documents are GST number, CIN/DIN, and Udyam Aadhaar Verification.


Types of Individual Identity Verification

  • PAN Card Verification: The Permanent Account Number (PAN) card is one of the most important documents that helps prevent tax evasion and illicit fund transfers by individuals and entities as it links all financial transactions made by a particular individual or entity. The Securities and Exchange Board of India (SEBI) has made it mandatory for investors to provide their PAN details for all business transactions. The PAN card verification process involves matching the card details provided by the user with the database maintained by the Income Tax Department and ensuring that the identity is authentic and not fabricated. PAN verification is crucial for companies to comply with anti-money laundering (AML) regulations and identify suspicious or fraudulent activities. Businesses can leverage PAN Card verification API to fastrack the verification process and ensure whoever they are onboarding or associating their business with is reliable.

  • Aadhaar Card Verification: It is conducted as a part of the KYC to prevent identity fraud and filter out duplicates, fake, and ghost identities. Aadhaar verification is required in various sectors for identity verification, including banking, telecom, government services, e-commerce, logistics, FMCG, etc., when onboarding white-collar or blue-collar employees, third parties, or customers. With Aadhaar Card Verification APIs, businesses can ease their compliance journey by validating the Aadhaar in bulk, eliminating duplicate and fake identities, and ensuring speed and scalability to the onboarding process. 

Types of Aadhaar Verification APIs

  1. Aadhaar Paperless: Fetch POI and POA data with Aadhaar Virtual ID (VID) Number
  2. Aadhaar Paperless Offline eKYC: Upload Aadhaar Number XML file to fetch e-Aadhaar details easily
  3. Aadhaar Verification via Digilocker: Conduct Aadhaar e-KYC online by fetching e-Adhaar based on Digilocker data
  4. Aadhaar QR Search: Pull Aadhaar POA and POI data using the Aadhaar QR code

  • Voter ID Verification: The Voter ID Card, also known as the Elector’s Photo Identity Card (EPIC), is issued by the Election Commission of India to adult citizens above the age of 18 years. Voter ID often verifies individuals’ identities, ages, and addresses. Voter ID Card Verification API extracts personal information provided in the ID card, such as name, father’s name, address, DoB, and EPIC number. It verifies against the election commissions’ government database. 

  • Address Verification: Address verification helps verify an individual’s claim of living at a particular address. These verifications are particularly needed by companies hiring employees, banks onboarding a new customer, or universities granting scholarships. Address Verification API uses PoA documents such as Voter ID Cards, utility bills (electricity, gas, water, etc.) or rent agreements signed by the landlord to fetch the details and verify against government databases to verify an individual’s identity. 

  • UPI Verification: The Unified Payment Interface (UPI) requires every bank account holder who registers for UPI to receive a unique virtual payment address (VPA). The National Payment Corporation Of India (NPCI) introduced this system to encourage digital payments. The UPI Verification API is used to verify the VPA of the user. Valid UPI ID (or VPA) instantly gives you the bank account holder’s name as registered in the bank. Accessing the updated data allows comparing the identity (KYC) details provided in the application form against the beneficiary name returned from the UPI API to validate the customers.

  • Driving License Verification: Fake or duplicate driving licenses can substantially increase identity fraud, causing an imminent threat to a business’s reputation and financial assets – especially in industries such as shared mobility, delivery and logistics, transportation, and much more. Identifying spurious and falsified driving licenses with the naked eye is difficult. Driving license verification not only helps validate that the individual is authorised to drive on public roads legally but is also used as proof of identity, age, and address in non-driving contexts. It is equivalent to other personal identification documents like Aadhaar cards, passports, PANs, Voter IDs, etc. 

  • Passport Verification: Conducting passport verification is most beneficial for companies conducting business with overseas customers or those partnering with cross-border businesses. Passport verification API uses the OCR technology to extract personal details like name, DoB, address, and the individual’s photo to verify against the government database. Doing this assures the companies that the individual holds a legitimate passport.

  • Bank Account Verification: Bank account verification is done to check the authenticity of the user and account status (active or dormant account) using the bank account number and the IFSC code. Bank Account Verification API uses the penny drop verification method to authenticate the beneficiary. The process calls for a transaction of Rs.1 to the user’s account and verifies the account information in real-time to ensure no transaction failures or reversals and to prevent identity fraud and thefts.


Types of Business Verification

Like individual verifications, business verification validates the business identification documents to establish legitimacy.

  • GSTIN Verification: GST is a unique 15-digit identification number assigned to every taxpayer (primarily dealer, supplier or business entity) registered under the GST regime. GST verification API enables KYB (know your business) verification by cross-checking the business’s GST number against the pre-validated database to verify the legitimacy of a business.

  • Udyam Aadhaar Verification: With Udyam Aadhaar verification API, one can validate the enterprise name, type, commencement date, full address & universal account number (UAN). Running this verification check confirms that small or medium business or enterprise is legal and operational via their Udyam Registration, also known as an MSME Registration issued by the Ministry of MSMEs.

  • MCA Verification: The Ministry of Corporate Affairs (MCA) maintains data related to companies/LLPs, easily accessed by regulatory authorities, directors, partners, professionals, companies, LLPs, and the public. MCA verification API validates company ID, company name, type & category, registration number, address, date of incorporation, and director details with just an input of the Company Identification Number (CIN) or Director Identification Number (DIN).

To explore all checks, click here.


What is the Process of Identity Verification via API

Step 1: Request initiation for verification

Step 2: Sending the request to start the identity verification process

Step 3: Entering ID proof details relevant to the individual or business

Step 4: Uploading the documents in real-time

Step 5: OCR-based data extraction 

Step 6: Instant verification check via API against various source databases to validate details 

Step 7: Based on the data received from databases, verification is completed, and the missing data is highlighted


How Identity Verification is Useful Across Industries

In the digital era, various industries have embraced identity verification using API integrations to have streamlined processes and improved customer experiences. For instance, the BFSI industry, being a highly regulated sector, needs robust and sophisticated identity verification APIs to streamline customer onboarding and KYC – making services more accessible. In insurance, agent and policyholder verification enables the insurers with risk assessment by extracting, verifying and validating any document/photo at any stage of the policy purchase or underwriting process.

E-commerce and retail benefit from identity verification to prevent shipping frauds, payment card frauds, account takeovers, and phishing attacks. Whether it is customer verification, seller verification or delivery partner verification, integrating identity verification API goes a long way in the shopping experience, ensuring AML compliance and improving digital identity management for both online and brick-and-mortar stores.

Real-money gaming platforms have often been the target of identity and financial fraud due to the large volume of transactions. Verification of a player’s PAN, Aadhaar, and address is a must to authenticate the identity, age, and location to adhere to stringent regulations and compliance mandates.

The travel and hospitality industry relies heavily on person-to-person interaction, trust and safety. Hence, identity verification of guests and employees, encompassing restaurant managers, kitchen staff, vendors, travel agents, contractors, and franchise partners, is indispensable to building a safe ecosystem for everyone. 

The IT sector relies heavily on API-based verification for vendor onboarding and recruitment agencies to expedite background checks. 


Conclusion 

In a rapidly evolving digital landscape, identity verification has become the linchpin across diverse industries, whether BFSI, e-commerce, manufacturing, gaming, or hospitality. It’s the foundation for secure, efficient operations and enhanced customer trust. At AuthBridge, we offer a comprehensive suite of identity verification APIs tailored to different sectors and needs. 

Get Started Today!

Connect with our solution experts today at sales@authbridge.com, and let us guide you towards a safer, more streamlined future. Get started today by booking a free consultation, and let us understand your unique requirements in depth.

Background Verification: Ensuring a Secure Workforce with the Right Hiring/Onboarding

Finding the right talent is a herculean task in today’s fast-paced and competitive market. Hours of talent hunting, numerous interviews, and extensive resources invested in the hiring and onboarding process make it imperative to ensure that the individuals you select are a perfect fit for your organisation/business.

Considering the number of identity, criminal, fake degree, and impersonation frauds surfacing daily, conducting a 360-degree background verification becomes more critical to cover every aspect of an individual’s past track record and current personality or assess the person’s attributes.

In this blog, we’ll delve into employee screening background verification, exploring its various facets and why it’s indispensable for businesses of all sizes and industries.

White Collar Verification

Imagine finding that ideal candidate, only to discover their hidden criminal history. This scenario can spell disaster for your organization’s reputation and operations. This is where white-collar verification ensures that your employees have the highest integrity.

White Collar Employee Onboarding & Verification Challenges

  • Conducting extensive background checks, including education, professional, criminal, reference checks, etc.
  • Handling sensitive personal and professional data to protect employees’ information.
  • Meeting strict regulatory compliance in certain industries, such as finance and healthcare, demands careful adherence to compliance standards.
  • Ensuring that your background verification partner provides accurate data to identify thefts and other associated frauds.

A robust screening process for white-collar candidates can help you with a detailed evaluation of the candidate’s criminal history, employment history, educational background, and more. You can onboard genuine candidates in bulk without compromising on quality and security.

Learn about our White Collar Screening Solution

Blue Collar Verification

Blue-collar workers are the backbone of many industries, and their reliability and trustworthiness are just as vital as those of white-collar employees. Blue-collar workers typically perform manual labour and tasks that require physical skills, often in industrial, manufacturing, e-commerce, construction, or on-field roles.

Blue Collar Employee Onboarding & Verification Challenges

  • Verifying qualifications, certifications, and licenses for blue-collar roles, especially when it comes to bulk onboarding
  • Some blue-collar employees are not tech-savvy, making it a must to have a seamless onboarding and verification solution.
  • Validating if they are adequately trained to support their job functions and do not have a history of workplace misconduct to prevent major reputational risks.
  • Meeting compliance with industry-specific regulations and standards

Blue-collar verification includes checking criminal records, previous employment, and verifying technical qualifications (wherever required). Deploying a robust platform for blue-collar screening can help identify red flags, such as a history of workplace misconduct, reducing the risk of workplace issues or disputes. Businesses can make safe hiring decisions, ensure faster onboarding at scale, and be at peace of mind knowing that their workforce comprises qualified and trustworthy employees.

Learn about our Blue Collar Screening Solution

Leadership Due Diligence

Leadership positions in any organization hold high trust and responsibility. Imagine the consequences of hiring an incompetent or ill-intended manager that can bring an organisation into disrepute and put the brand’s reputation in dire straits. Not only reputational risks but a wrong hire in the leadership position can also pose a significant operational risk and hinder the efficiency and productivity of the organisation.

Leadership Due Diligence Challenges

  • Assessing whether a candidate will fit into the organization’s culture or not.
  • Lack of robust assessment tools for evaluating leadership potential. Traditional techniques and reference checks may not promise a 360-degree evaluation of leadership abilities.
  • The leadership due diligence process can be time-consuming. Organizations may be tempted to expedite the process, leading to oversight or incomplete evaluations.
  • Conducting leadership due diligence in a legal and ethical manner. Mishandling sensitive information or discriminatory practices can lead to legal and reputational issues.
  • Conducting global database checks to identify any international records or red flags associated with the candidate.

Leadership due diligence should be seen as a long-term investment. Organizations should consider implementing a more comprehensive evaluation framework for leadership assessments, peer feedback, and 360-degree reviews to overcome the challenges. With this, organisations can be assured that the new hires are well-qualified and have the necessary skills, qualifications, and personality attributes to lead a team effectively and drive key business outcomes.

Learn about our Leadership Due Diligence

Moonlighting

Employee moonlighting and its concerns, i.e. data privacy, confidentiality breaches, productivity loss, etc., came to the fore, especially after the COVID-19 pandemic when employees started working remotely. Many adopted a hybrid model, and organisations worldwide also embraced this shift. Moonlighting cases put a question mark on the ethical obligations and commitment of the employees. Moreover, it can lead to burnout and negatively impact an employee’s health and well-being – causing poor performance and absenteeism. This makes moonlighting checks imperative for employers in managing their workforce effectively.

Moonlighting/Duel Employment Verification Challenges

  • Conflict of interest as an employee may work for a competitor or engage in freelance work that competes with their primary company’s business.
  • Lack of transparency as employees fear disclosing their additional employment. Evaluating financial data, i.e. EPFO check, UAN check, and Form 26AS checks at periodic intervals, can help track moonlighting and enforce restrictions.
  • Verifying moonlighting can be time and resource-intensive without a reliable BGV partner as it involves background checks, monitoring employee behaviour, and investigating potential violations.
  • Employment laws and privacy regulations can vary by jurisdiction. Being cautious not to infringe on an employee’s rights or invade their privacy when verifying moonlighting is challenging.
  • Employers may struggle to effectively communicate their policies on moonlighting and the potential consequences of violations.

Implementing moonlighting checks is a strategic move to monitor whether their candidates are engaged in multiple employments and assert a degree of control. Consistent moonlighting checks can help organizations identify moonlighting instances among their staff and proactively address the associated risks.

Learn about our Dual employment/Moonlighting checks

Gig Worker Verification

The gig economy is rising, and many organizations rely on gig workers for flexibility and scalability.  Gig workers play increasingly important roles in various industries, contributing to the evolution of the modern workforce.

Gig Worker Verification and Onboarding Challenges:

  • Handling personal and sensitive data during the identity verification process
  • Managing bulk verification and onboarding of gig workers, especially during peak periods
  • Ensuring consistent verification process across different regions/markets due to varying regulations
  • Verifying gig workers’ qualifications and backgrounds, working remotely or in various locations
  • Preventing fraudulent gig worker applications, identity frauds, or misrepresentations. A robust verification framework encompassing an array of necessary checks, i.e. driving license verification, RC, NID, face match, police verification, etc., should be kept in place.
  • Balancing the costs of comprehensive verification and onboarding processes
  • Plugging gig worker verification services into the existing onboarding journey (whether through an app, custom portal or any other platform) is the key. A right background verification service provider can do this seamlessly.
  • Staying compliant with evolving labour laws and regulations

Verifying the credentials and backgrounds of gig workers is crucial to maintaining a secure and trustworthy workforce. A robust onboarding solution will help you authenticate your gig workers in record time and uncover fake/forgery documents, identity thefts, and criminal history to mitigate reputational risks.

Learn more about Gig Worker Verification

Key Checks for Employee Background Verification

How does AuthBridge’s background verification platform take your employee onboarding a notch higher?

  • Industry’s Fastest Turnaround Time: Fast and accurate employee screening process to ensure comprehensive verification outcomes within record time. Our expansive proprietary database and advanced analytics help businesses expedite onboarding and provide accurate and reliable verification results you can trust.

  • Limitless Scalability: Effortlessly handle verifications at any scale, no matter how large or complex your hiring and screening needs may be.

  • Paperless and Contactless Onboarding: Technologies like optical character recognition (OCR), image recognition, face match, document classification, and digital signatures will save your business time and cost-effectively.
  • Customisable and integrable with any HRMS: Plug in or out any component of the background verification process as per your requirement. Our employee onboarding products can be used as stand-alone web platforms or integrated into your existing HRMS/onboarding tool via APIs.
  • Built-in regulatory compliance and data privacy : Our verification and onboarding products adhere to General Data Protection Regulation (GDPR) requirements and global encryption standards so that your organisation stays compliant with ever-changing regulations while scaling up.

Want to know more about our employee onboarding and verification products? Contact us today!

KYC Compliance – How it Safeguards Businesses and Customers Alike

In an era defined by rapid digital transformation, businesses across various sectors are leveraging technology to streamline operations and enhance customer experiences. However, amidst these advancements, the need to maintain stringent security measures remains paramount. This is where Digital KYC (Know Your Customer) compliance steps in as a robust solution, safeguarding both businesses and customers alike.

Safeguarding Businesses through Digital KYC Compliance

  • Risk Mitigation and Fraud Prevention
    Digital KYC compliance serves as a frontline defence against fraudulent activities. By verifying the identities of customers before onboarding, businesses can identify and deter potential fraudsters, protecting their assets and reputation.
  • Regulatory Adherence
    In an increasingly interconnected world, regulatory bodies are imposing stricter guidelines to combat money laundering, terrorism financing, and identity theft. Digital KYC compliance ensures that businesses remain in accordance with these regulations, avoiding costly penalties and legal complications.
  • Operational Efficiency
    Traditional KYC procedures involve time-consuming manual processes, leading to delays in customer onboarding. Digital KYC streamlines this process through automation, reducing the turnaround time and enabling businesses to focus on core activities.
  • Enhanced Customer Insights
    Digital KYC tools provide businesses with a comprehensive view of their customers. This data can be leveraged to personalise offerings, tailor marketing strategies, and improve overall customer experience, leading to increased customer loyalty and retention.

Ensuring Customer Trust through Digital KYC Compliance

  • Data Security and Privacy
    Customers are increasingly concerned about the safety of their personal information. Digital KYC compliance assures them that their data is being handled securely, fostering trust in the business and its commitment to safeguarding sensitive information.
  • Seamless Onboarding
    Traditional KYC processes involve extensive paperwork and in-person verifications, causing frustration and abandonment among customers. Digital KYC enables hassle-free onboarding, allowing customers to complete the verification process remotely and swiftly.
  • Reduced Identity Theft
    With the proliferation of online services, the risk of identity theft has surged. Digital KYC adds an extra layer of protection, making it more difficult for cybercriminals to impersonate individuals and engage in fraudulent activities.
  • Effortless Transactions
    Once customers are verified through Digital KYC, subsequent transactions become frictionless. This not only saves time but also enhances the overall user experience, encouraging customers to engage with the business repeatedly.

Conclusion

Digital KYC compliance stands as a pivotal bridge between technological advancements and security imperatives. By adopting digital solutions for customer verification, businesses not only fortify their operations against risks but also nurture customer trust. This symbiotic relationship between businesses and customers, forged through the tenets of Digital KYC compliance, ensures a safer and more prosperous digital landscape for all.

In a world where data breaches and identity fraud are constant threats, businesses that prioritise Digital KYC compliance exhibit a commitment to maintaining the integrity of their operations and fostering trust among their customer base. As technology continues to evolve, embracing robust digital verification measures will be instrumental in achieving sustainable growth while ensuring the security and confidence of all stakeholders involved.

Digital KYC Transforming the BFSI Industry

Digital KYC: Transforming the BFSI Industry

Introduction

The BFSI industry, which includes banking, financial services, and insurance, is undergoing a radical change as a result of the modern world’s more advanced digital infrastructure.As a catalyst, the COVID-19 epidemic hastened the transition to digital technology across sectors, including banking. As a result, a significant shift is taking place in how banks interact with their customers, particularly regarding Know Your Customer (KYC) processes. Digital KYC or Digital Know Your Customer, is revolutionising the BFSI sector by streamlining customer onboarding and enhancing security measures.

 

Digital transformation in the banking industry encompasses a wide range of initiatives. On the one hand, it provides customers convenient access to banking services through various digital channels, such as the Internet, mobile devices, and wearables. This enables individuals to conduct financial transactions digitally at their own convenience, eliminating the need to visit physical bank branches. On the other hand, digitalization is reshaping internal banking processes, such as customer onboarding and loan applications. Previously performed manually at bank branches, these processes are digitised, resulting in increased efficiency, reduced paperwork, and improved customer experience.

 

In this blog, we will examine how Digital KYC may alter the BFSI industry. You will have an understanding of the influence that Digital KYC has had on the BFSI sector as well as its promise for the future of banking by the time you have finished reading this blog post.

 

What is Digital KYC or eKYC?

 

Digital KYC, or eKYC (Electronic Know Your Customer) is a way to verify the identity of an individual online. Unlike the paper-based KYC process, where the users submit the hard-copies of their ID proof documents, DKYC allows them to directly upload the digital copies of Aadhaar card, voter ID card, PAN card or other PoI and PoA to the bank’s portal. The same can be done on a live video call to do a liveliness check as well,

Digital KYC empowers these individuals by allowing them to establish their identity and initiate banking relationships remotely through digital channels such as mobile phones.

 

Types of Digital KYC

The contemporary era of technological advancement has transformed conventional operations across numerous sectors, including the banking and financial industries.This transformation is most evident in Know Your Customer (KYC) processes, which have evolved from paper-based methods to highly digitalized solutions. Digital KYC has emerged as a key tool in client onboarding, ensuring adherence to regulatory compliances and preventing identity theft and financial fraud.To elaborate on this, we dissect the common types of digital KYC processes below.

Online KYC Form

  • Process: Clients must fill an online KYC form, providing all required personal and identification details.
  • Signature: After everything is finished, there is a requirement for a signature, which may be executed in one of two ways:
    • Physical: Print the form, sign, and mail it to the organization’s postal address.
    • Digital: Apply a digital signature to the online form and submit it electronically.

Video-Based KYC

Video KYC is one of the most popular methods to do KYC for the banks and other financial institutions.This technologically advanced KYC method involves extensive audio-visual interaction.

  • Registration: The process begins with service sign-up, followed by a prompt for video KYC verification.
  • Link: A text or email link is sent to the client to initiate the process.
  • Verification: A designated executive captures a live image of the applicant to do a liveliness check and verifies necessary documents such as a PAN card or Aadhaar card on the video call.
  • Geotagging: The location of the person is confirmed via geotagging.
  • Status: Upon completion, clients receive an update on their KYC status within a few days.

 

OTP-Based KYC

The OTP-based KYC is widely used to open digital wallets or online bank accounts.

  • Details: Clients input basic information and navigate to the Aadhaar e-KYC tab.
  • Aadhaar: After entering their Aadhaar number, an OTP is sent to the linked mobile number.
  • OTP: The KYC process concludes once clients enter the received OTP.

 

To sum up, these digital KYC methods have significantly streamlined the KYC process, enhancing efficiency and ensuring regulatory compliance. Organisations and clients must familiarise themselves with these digital procedures, ensuring adherence to the relevant regulations.

 

Enhancing Customer Experience Through BFSI ID Verification Automation

 

Significant progress has been made in the Banking, Financial Services, and Insurance (BFSI) industry as a result of the use of low-code automation, digital KYC solutions, and electronic Know Your Customer procedures. This shift towards technological integration transforms the traditional customer onboarding process into a more seamless, user-friendly experience.

 

The Role of Automation and Digital KYC in BFSI

Automation has played a crucial role in structuring various operations within the BFSI sector, particularly in identity verification. Banks have been leveraging ID verification automation to orchestrate data across diverse systems efficiently. It allows for the processing and consolidation of data into one secure and easily accessible location, ultimately accelerating processes like commercial lending and onboarding.

 

An essential part of this automation process is digital KYC, or eKYC, which can involve using Aadhaar eKYC online. A digital KYC solution provides bank employees with a comprehensive 360° view of a customer’s KYC lifecycle. This holistic understanding enables real-time responses with minimal friction, ensuring a smoother customer journey.

 

Creating a Competitive Edge

Organisations constantly seek a competitive edge over their peers in the rapidly evolving financial landscape. The fusion of automation and digital KYC verification techniques offers this advantage, allowing institutions to improve their customer experience significantly. At the same time, it ensures adherence to essential fraud mitigation strategies and regulatory standards, striking a balance between user experience and compliance.

 

Conclusion

The digital landscape has significantly evolved, propelling the BFSI sector into an era of digital transformation. With digital KYC and eKYC procedures, digital customer onboarding and security measures have been revolutionised, offering clients convenience and efficiency. Automation has also streamlined internal processes such as identity verification and compliance, providing employees with a comprehensive view of a customer’s KYC lifecycle. Amid rapid technological advancements and the incessant pursuit of a competitive edge, organisations must balance offering enhanced customer experience and adhering to regulatory standards. Ultimately, the integration of digital KYC, automation, and identity verification is reshaping the BFSI sector and redefining the future of banking.

What are the new AML-CFT Requirements for Accounting Professionals in India

What are the new AML/CFT Requirements for Accounting Professionals in India?

The Prevention of Money Laundering Act (PMLA) is a comprehensive law that aims to prevent money laundering and terrorist financing in India. The PMLA has been amended several times over the years, and the latest amendments, which came into effect on May 3, 2023, & May 9, 2023, have significant implications for accounting professionals in India.

Under the new amendments, accounting professionals are now considered to be “reporting entities” under the PMLA. This means that they are required to comply with certain AML/CFT requirements, including:

  1. Identifying and verifying the identity of their clients
  2. Keeping records of all financial transactions
  3. Reporting any suspicious transactions to the Financial Intelligence Unit of India (FIU-IND)

The new amendments also clarify which activities carried out by accounting professionals are considered to be “financial transactions” for the purposes of the PMLA. These activities include:

  1. Managing client money, securities, or other assets
  2. Managing bank, savings, or securities accounts
  3. Organizing contributions for the creation, operation, or management of companies
  4. Creation, operation, or management of companies, limited liability partnerships, or trusts, and buying and selling of business entities
  5. Buying and selling of any immovable property
  6. Acting as a trustee, nominee shareholder, director, formation agent, secretary, or partner for a company or LLP
  7. Providing registered office or business address services

It is important to note that not all transactions performed by accounting professionals will come under PMLA scrutiny. For example, transactions that are carried out as part of any agreement of lease, sub-lease, tenancy, or any other agreement or arrangement for the use of land or building or any space and the consideration is subjected to deduction of income-tax as defined under section 194-I of Income-tax Act, 1961, are not considered to be “financial transactions” for the purposes of the PMLA.

The new AML/CFT requirements for accounting professionals are significant and will have a major impact on the way that they conduct their business. Accounting professionals who fail to comply with these requirements could face significant penalties, including fines of up to ₹1 lakh per transaction.

What does the notification mean for accounting professionals?

The new AML/CFT requirements for accounting professionals will have a significant impact on the way that they conduct their business. Accounting professionals will now need to take steps to identify and verify the identity of their clients, keep records of all financial transactions, and report any suspicious transactions to the FIU-IND. Failure to comply with these requirements could result in significant penalties, including fines of up to ₹1 lakh for each failure.

What can accounting professionals do to comply with the new AML/CFT requirements?

There are a number of things that accounting professionals can do to comply with the new AML/CFT requirements. These include:

  1. Implementing a customer due diligence (CDD) process to identify and verify the identity of their clients including but not limited to PEP, Sanctions, Criminal, Defaulting Directors and Companies, Credit Default checks
  2. Keeping records of all financial transactions
  3. Reporting any suspicious transactions to the FIU-IND
  4. Training their staff on the new AML/CFT requirements

What are the benefits of complying with the new AML/CFT requirements?

There are a number of benefits to complying with the new AML/CFT requirements. These include:

  1. Reducing the risk of being involved in money laundering or terrorist financing
  2. Protecting the reputation of your business
  3. Avoiding fines and penalties

How can AuthBridge help?

AuthBridge is a leading provider of AML/CFT compliance solutions. We can help you understand the new AML/CFT requirements and implement the necessary controls to ensure that you are compliant. Our solutions are easy to use and can be customized to meet the specific needs of your business.

To learn more about how AuthBridge can help you comply with the new AML/CFT requirements, please get in touch with us today.

Why businesses need GST ID Verification API

Why businesses need GST ID Verification API

A GST number, known as a Goods and Services Tax Identification Number, is a unique identification number assigned to businesses registered under the GST regime. This number is not only an essential requirement for businesses to carry out various GST-related activities, such as collecting and remitting taxes, filing GST returns, and claiming input tax credits but also helps in the identification and tracking of businesses for taxation purposes and ensures compliance with the regulations.

With GST verification (Goods and Services Tax Identification Number verification), businesses can validate the authenticity and accuracy of GST identification numbers provided by businesses and ensure that they are operating legitimately. 

Why do businesses need to conduct GST ID verification?

  • Prevent tax evasion: GST ID verification helps businesses to ensure that the entities are registered and operating legally to prevent tax evasion. It helps identify cases where entities create bogus invoices, manipulate transaction values, or engage in fraudulent activities to evade taxes. The authenticity of the GST number ensures that it corresponds to the legitimate entity. 
  • Identity theft and misuse: Verifying GST IDs helps detect cases of identity theft and misuse, where fraudsters use someone else’s GST identification number to carry out illegal transactions. It ensures that the GST ID’s registered owner is involved in the transactions.
  • Eliminate fake dealer fraud: With GST ID verification, businesses can filter out ‘phantom dealers’ who do not exist physically but are created to issue counterfeit invoices and claim fraudulent input tax credits. Companies can prevent fictitious transactions and financial loss by validating the GST IDs.
  • Ensure reliable and smoother B2B transactions: Verifying GST ID is critical in B2B (business-to-business) transactions. It helps businesses validate the GST registration status of trading entities or other third parties, setting the seal on them being reliable and trustworthy. This helps establish trust and facilitates seamless transactions within the GST framework.
  • Stay compliant: GST ID verification is crucial for ensuring compliance with tax laws and regulations. By verifying the GST identification number, businesses can stay assured that the entity is registered under the GST regime and has fulfilled its obligations, such as filing tax returns and paying taxes.
  • Filter out non-existent businesses: GST ID verification helps identify businesses that portray themselves as registered entities but, in actual fact, either do not exist or are not registered under GST. It prevents non-existent businesses from participating in the GST system and committing fraud.

Summing up, GST ID verification is essential for maintaining the integrity of the GST system, preventing tax evasion, promoting compliance, and facilitating seamless business transactions within the GST framework.

Using GST Verification API for Fast and Secure Vendor Onboarding

The GST Verification API is useful for businesses and individuals who want to verify the GST registration status of a company before entering into a transaction with them. Businesses can also use it to verify the GST registration status of their suppliers and customers and prevent fraudulent activities like identity theft, tax evasion, fake transactions, phantom dealers, etc. The API typically accepts the GSTIN as the API request and responds with validated data such as the GSTIN, Business Name, Constitution of Business, Address, etc.

Leveraging the GST verification API helps businesses with faster onboarding, scalability, and smooth KYC verification with easy integrations. Businesses can set up automated workflows and perform bulk GSTIN verification in real-time.

Why AuthBridge’s GST Verification API?

With AuthBridge’s GST Verification API, you can validate the authenticity of GST numbers in real-time and onboard genuine and compliant business partners while being assured of the industry’s fastest onboarding turnaround time. The plug-and-play APIs help you digitize and scale your operations with easy-to-activate, simple-to-use data exchange mechanisms.

With our GST Verification APIs, you can get:

  • GSTIN Active Status: Enter the provided GSTIN number and verify if the provided account is active and valid.
  • GST Filing Details: Verify GST numbers, Status, Taxpayer types, and state bifurcation.
  • Credibility Analysis: Dig deeper with details like mode of filing and return type bifurcation for further analysis.

Types of GST Verification APIs and their working:

  • Know Your GST: Fetches all the GST numbers registered to a PAN card
  • PAN-GST linkage: Fetches all the GST numbers registered on a PAN card
  • GSTIN View and Track Return: Fetches GST return of the person/entity in a given financial year
  • GSTIN TAXPAYER: Fetches GST return of the entity in a given financial year

You can choose from different types of modes as per your business requirements.

Simplify your compliance journey with our robust GST API, assuring seamless integration with your existing workflows. AuthBridge’s GST Verification API helps you validate GST IN in bulk in real time and assures you of the industry’s fastest onboarding TAT.

Get in touch with our solution expert, or email us at sales@authbridge.com  to learn more. Book a free consultation today and help us understand your requirements in detail.

All you need to know about Aadhaar Verification API

All you need to know about Aadhaar Verification API

The rising instances of identity thefts, cybercriminals exploiting stolen identities, and forged/fake identities (challenging to validate with the naked eye) have made identity verification crucial today. Verifying individuals via their Aadhaar, an identification card comprising a 12-digit unique identification number tied to an individual’s fingerprints, face and eye scan and issued by the Indian government, is one of the ways to validate an individual’s identity and filter out the fake ones to minimize the risk of identity frauds. Aadhaar Card Verification is conducted as a part of the KYC process to prevent the risks of identity fraud and filter out duplicates, fake, and ghost identities.

Aadhaar verification is commonly done in various sectors, including banking, telecom, government services, e-commerce, logistics, FMCG, and more, when onboarding white-collar or blue-collar employees, third parties, or during business partnerships. 

Why is Aadhaar Card Verification required?

The Aadhaar Card Verification solution helps conduct KYC verification before conducting business with the user. With an Aadhaar verification solution, companies can

  • prevents risks and identity fraud
  • make verification safer, faster, and smarter
  • reduce the week-long verification process to a few mins
  • eliminate duplicates, fake, and ghost identities

This has made businesses across sectors to leverage Aadhaar Authentication APIs to verify and validate the identity of individuals in India before/during onboarding, and enable a secure and efficient access to various services while maintaining data privacy and security. The Aadhaar Authentication APIs provide organisations with a secure and standardized way to perform real-time authentication checks against the UIDAI database.

Why is Aadhaar Verification API – the need of the hour?

Aadhaar verification API is essential for any business, financial institution or entity in determining the credibility of their customers. With Aadhaar verification, you can successfully validate the users’ information about their Full Name, Address, Mobile Number and other data that could be used to verify an individual.

Also Read: Aadhaar Card Verification – Everything You Need to Know

Our robust and reliable Aadhaar Verification API will help you verify your customers swiftly and safely. With AuthBridge’s Aadhaar Verification API to enable an additional layer of security for fraud prevention and onboard reliable users, customers, third-parties, business partners faster.

Why choose AuthBridge’s  Aadhaar Verification API?

  • Simple and Easy To Use: AuthBridge’s Aadhaar Verification API is optimized for a seamless user experience.
  • Prevents Identity Frauds: Our API detects fraudsters using fake Aadhaar cards or fake credentials.
  • Plug and Play APIs: Web portal, APIs, and Mobile SDK without any third-party assistance.
  • Compliant: Verifies all the information provided by the Aadhaar department, ensuring they are legit and accurate.
  • Real-Time Verification: Data is retrieved and verified against the database within seconds, saving time and costs.
  • Industry Fastest Onboarding TAT: Onboard customers, third parties, and white-collar and blue-collar employees within minutes and stay assured of the industry’s fastest onboarding TAT.

Types of Aadhaar Verification APIs

Choose from different kinds of modes as per your business requirements

  • Aadhaar Paperless 

Fetch POI and POA data with Aadhaar Virtual ID (VID) Number

  • Aadhaar Paperless Offline eKYC 

Upload Aadhaar Number XML file to fetch e-Aadhaar details easily

  • Aadhaar Verification via Digilocker

Conduct Aadhaar e-KYC online by fetching e-Adhaar based on Digilocker data

  • Aadhaar QR Search

Pull Aadhaar POA and POI data using the Aadhaar QR code.

The basic workflow of how our Aadhaar Authentication API works

Consent requirement –> Authentication request initiation process → Biometric authentication → OTP authentication → Authentication response from UIDAI

Get AuthBridge’s Aadhaar Verification APIs For

  • White Collar and Blue-Collar Employee Onboarding: Hire the right workforce and make onboarding journeys seamless with blue-collar/white-collar employee verification.
  • Customer Onboarding: Validate customers to reduce identity fraud and comply with KYC/AML guidelines by regulatory bodies.
  • Third-Party Onboarding: Mitigate financial and reputational risks when onboarding vendors, merchants, suppliers and distributors.
  • Tenant Verification: Screen prospective tenants before signing an agreement and prevent any illegal activity on your premises.
  • Players Verification: Verify players to prevent fraudulent transactions, underage paying, chargeback and affiliate frauds on your platform.

Ease your compliance journey with our robust Aadhaar API, assuring seamless integration with your existing workflows and processes. AuthBridge’s Aadhaar Verification Solution helps you validate Aadhaar in bulk within minutes and reduces the onboarding turnaround time to a great extent.

Get Started Today!

Don’t hesitate to contact our solution expert or email us at sales@authbridge.com to learn more. Book a free consultation today and help us understand your requirements in detail.

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