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In a welcome move, the RBI has recently permitted using Video KYC as a means of remote customer verification in the banking and financial services sector. After Aadhaar enabled e-KYC was discontinued by the Supreme Court from being used for establishing the identity of customers, the financial services sector, especially
The umbrella technology initiative of “Digital India” has led to the rapid deployment of tech-enabled platforms across various sectors. Healthcare, employment, commerce, labour and education are some of these areas that are being transformed with digitisation. Broadband highways, high-speed networks and Universal Access to Mobile Connectivity are some key focus
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,
In modern times, an identity check involves digitally verifying a candidate’s Name, Date of Birth, Address, Nationality etc. This involves the support of multiple technologies in order to counter fraud, comply with regulations and reduce manual effort involved in physical verification. Involving technologies like Optical Character Recognition (OCR), Image rectification,
The sharing economy is increasingly disrupting the business landscape. A PwC survey [1] estimates the global sharing economy market to increase to around 335 billion dollars by 2025. With immense growth potential and numerous successful business models already setting examples, the sharing economy is all set to revolutionise our lives.
According to an Allied Market Research, the global self-service technology market will cross $31 billion by 2020, representing an annual growth rate of almost 14%. This number is indicative of the importance of service industry today. More than 4.8 billion dollars have been invested in the on-demand industry and well, and
The new trend called “on demand economy” is catching eye balls in the market so much so that it is disrupting businesses all over. More than 4.8 billion dollars have been invested in the on-demand industry, experts’ say. India as a country has tremendous people mobility. A lot of migration
Corporates operate on a ‘Trust’ equation with their employees. From access, responsibilities, powers to privileges, employees and leaders across corporates are empowered to achieve business objectives. HR plays an instrumental role in the process. This starts right from hiring till the time an employee serves the organization. It is imperative
As revealed by Experian India in its Fraud Report 2016, identity fraud in India accounted for 77% of the fraud cases in the first quarter of 2015. In the banking and financial sector, auto loans, mortgage loans and credit cards witnessed the largest number of fraud cases from identity theft
Millennials comprise the largest generation in the workforce in India. You’ve probably already hired Millennials and will be hiring more. But don’t expect them to stay long. Millennials are twice as likely as 30-somethings to leave a job after just 3 years, and this gap will only widen with age.
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The most noteworthy aspects of our collaboration has been the ability to seamlessly onboard partners from all corners of India, for which our TAT has been reduced from multiple weeks to a few hours now.
