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Demystifying Different Types of KYC for Financial Institutions

Demystifying Different Types of KYC for Financial Institutions

KYC or Know Your Customer / Know Your Client is a widely used process in the Financial services sector. From account opening, lending, collections, insurance issuance, and securities trading to fraud and risk management and compliance, KYC is at the heart of customer identification and onboarding. In a country like

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Hire in haste, repent at leisure

Hire in haste, repent at leisure

The arrest of an impersonator who used stolen documents to land jobs in well-known companies just exposes how lightly we take Employee verification. What makes this point even more glaring in this case is that the imposter was known in his neighbourhood by his real identity but his organizations had

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Weed out Fraudsters_ Instant Employee Screening Solutions

Weed out Fraudsters: Instant Employee Screening Solutions

The easy entry BPO jobs require young candidates with bare minimum or no experience. Lured by easy money from this sector, candidates turn dishonest, with BPOs left open to exploitation. These new age criminals in turn give rise to frauds, hurting the company reputation and company financials. Resume frauds are

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Fraud on a rise_ Gender gap increasingly diminishing

Fraud on a rise: Gender gap increasingly diminishing

A male candidate is more likely to misrepresent facts compared to females, substantiates one recent AuthBridge study. This is the order consistently for the last three financial years [Source: Annual Trend Report 2017 by AuthBridge]. This is an established fact in itself but when looked at from another perspective, the men women

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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.

- Mr. Satyasiva Sundar Ruutray
Vice President, F&A Commercial,
Greenlam

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