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Smart and Intelligent KYC Solutions_ The Need of the Hour for Employers

Smart KYC Solutions: The Need of the Hour for Employers

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,

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Lessons in hiring from the Oscar-winning movie Parasite

Lessons in hiring from the Oscar-winning movie Parasite

Caution: Plot Spoilers Ahead “I’m deadly serious. This chain of recommendations is the best.” When Choi Yeon-gyo, a major character in the movie, makes this statement in reference to four new employees she has hired, she has no idea of what’s to come. Parasite, the South Korean, dark comedy thriller

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Understanding politically exposed person PEP and risks they bring to businesses

Understanding politically exposed person (PEP) and risks they bring to businesses

You may have often heard that PEPs qualify for exclusive identification and verification, be it at financial institutions or corporates. Usually happening in the form of leadership screening in corporates, their verification is important as they are capable of wielding direct/indirect influence over organisations they are associated with due to their connections to

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How OCR technology has simplified national ID verification

How OCR technology has simplified national ID verification?

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,

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Why sharing Economies need powerful background checks_

Why sharing Economies need powerful background checks?

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.

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TrustOnDemand™ - The Next Disruption for HR

TrustOnDemand™ – The Next Disruption for HR

Pre-employment background screening has been a time-consuming process traditionally. On an average, about 20 days are needed to verify an employee’s background information.  This long a time duration is critical for employee dropout; organisations that have a high turnover rate find it difficult to carry out pre-employment screening.  This is

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Pre-Employment Background Checks During Pandemic - Benefits, Hurdles, and Challenges

Identity verification for the economy running on ‘trust’

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

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To begin, Tell us a bit about “yourself”

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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