6 Ways Digital Wallet Providers Can Improve Their Services With Video KYC 6 Ways Digital Wallet Providers Can Improve Their Services With Video KYC Video KYC Rapid growth in mobile payments The mobile payments and digital wallet sector is experiencing rapid & nearly exponential growth. According to nearly all reports, this growth is projected to steadily increase over the next few years. KPMG reports... Read More
Identity Theft & Online Fraud In The Banking Sector And How Better KYC Is The Remedy Identity Theft & Online Fraud In The Banking Sector And How Better KYC Is The Remedy Video KYC Widespread online fraud in Indian Banking With the advent of work from home all over the world and a major shift towards digitization across all sectors in the wake of the ongoing pandemic, fraudsters and hackers have been making hay. The primary means... Read More
IRDAI Allows Electronic Health Policies & OTP-based Consent For Proposal Forms IRDAI Allows Electronic Health Policies & OTP-based Consent For Proposal Forms Video KYC VBIP & the trend of digitization Following landmark guidelines regarding video KYC from RBI, regulatory bodies in several sectors have followed suit and envisaged video-based onboarding and KYC verification methods for businesses in their respective... Read More
Banking Fraud in India And How Banks Can Combat it Banking Fraud in India And How Banks Can Combat it Video KYC Rising Banking Fraud in India According to RBI’s Annual Report for 2019-20, the number of reported fraud cases involving ₹1 lakh and above have increased by 28% in volume and a whopping 159% in value in 2019-20. Public sector banks experienced... Read More
How IRDAI Now Allows End-To-End Digital Insurance Policy Dispensation How IRDAI Now Allows End-To-End Digital Insurance Policy Dispensation Video KYC Rapid digitization in the insurance sector Over the last month, IRDAI has issued two circulars: one permitting video KYC for insurance onboarding and the other allowing insurers to issue electronic insurance policies and obtain e-signatures from customers... Read More
IRDAI Officially Announces VBIP IRDAI Officially Announces VBIP Video KYC VBIP Following the release of a private circular to general, life, and standalone health insurers announcing its intent to envisage a video-based verification procedure, IRDAI has now officially announced the Video-based Identification Procedure (VBIP)... Read More
Why Educational Institutions Need Digital Student Onboarding Right Now Why Educational Institutions Need Digital Student Onboarding Right Now Video KYC The problem of paper-based registrations Most of us remember what it was like registering for college. Images of long lines of students (accompanied sometimes by worried parents), shuffling along quietly with files of IDs and certificates in hand,... Read More
The Role Of Digital Identity Verification in the Education Industry With Melento (Formerly SignDesk) Video KYC The Role Of Digital Identity Verification in the Education Industry With Melento (Formerly SignDesk) Video KYC Video KYC The education sector is undergoing a significant transformation driven by the rapid adoption of digital technologies. From online admissions to seamless student onboarding and remote learning, institutions increasingly rely on digital processes to enhance... Read More
Why More Banks Need to Be Implementing Mobile SDK For KYC Why More Banks Need to Be Implementing Mobile SDK For KYC Video KYC Three Types Of Implementation The significance of Know Your Customer (KYC) procedures cannot be emphasized in the quickly changing field of financial technology. Effective and safe KYC procedures are more important than ever as traditional banking systems... Read More
Why NBFCs Need To Adopt Video KYC Right Now Why NBFCs Need To Adopt Video KYC Right Now Video KYC NBFC With a record-low GDP, businesses shutting down, and job losses across the board, the stage is set for India’s NBFCs to leap into the fray. NBFCs have traditionally targeted small, medium, and micro-sized enterprises and high-risk segments for... Read More