Recurring Payments
Piramal Capital & Housing Finance Limited (referred to as Piramal Finance), achieved best-in-class eMandate success rate of 93%, and reinforced its position as a customer-focused leader in India’s NBFC-HFC segment.
Onboarding
As India’s fast-evolving economy becomes increasingly digital, businesses are looking for seamless, straight through customer onboarding experiences. Customers, regulators and businesses have quickly realized the benefits of vKYC as a fast, efficient, and secure methodology.
Onboarding
To ensure that insurers accurately verify the true identity of their customers, IRDAI has allowed insurers to use a wide range of Know Your Customer (KYC) methods.
Recurring Payments
The transition from the ECS to the NACH system resulted in a variety of positives for recurring payments in India. Mutual Fund SIPs, Loan EMIs, Insurance Premium payments became much simpler and less time-consuming.
Identity Verification
The Indian Information Technology (IT) Act (passed in 2000) holds electronic signatures as legally valid as wet ink signatures. The impact of moving from physical to digital or electronic signatures has been immense, both from a business and from a consumer-standpoint
Onboarding
We've covered how to digitalize KYC, mandates, and signatures. Today, we're looking at the most fundamental way a business can go paperless by digitalizing its documentation.
Onboarding
Perhaps the most important aspect of the RBI’s changed guidelines is the explicit approval of video authentication in place of physical In-Person Verification (IPV). The Video Customer Identification Process (or V-CIP), is a consent-based alternative method of identity verification
Identity Verification
As regulators tighten KYC and AML norms, institutions are turning to AI to automate identity verification, detect fraud, and cut onboarding time. From facial biometrics to OCR and link analysis, AI is redefining secure, compliant customer onboarding.
Onboarding
With increased demand for remote customer onboarding, there is also a rise in the risk of fraud and identity theft. Technology has addressed it to a great extent and in some cases it is claimed to be better than human decision making
Identity Verification
With Aadhaar gaining prominence as an identity in every aspect of our lives today, we shall in this blog discuss Aadhaar, its use, and its relevance for businesses in the identity verification process.
