There has been a tremendous amount of conversation on the web about the use of biometric information by organizations specifically by governments and global conglomerates to track citizens and users respectively. What most of these conversations point to is how the
Being a lending focused startup is hard business and from all our conversations with our customers both in lending and subscription-based companies we realized that the hardest part of both of them was to get the recurring payment in, i.e.
In our constant effort to improve Veri5Digital, we spend countless hours researching, evaluating and building products and features that can help “YOU” our customers. Last month, our team worked on features that would allow you to customize your KYC app, be
UIDAI’s decision to charge for eKYC transactions, had considerable effect on financial institutes including banks and NBFC’s that were dependant on eKYC to fulfil their KYC obligations, though what most ignored was its effect on eSign, an online electronic signature service that can facilitate an Aadhaar holder to digitally sign a document. The decision made eSign expensive for several service providers who relied on eSign to automate their customer onboarding and processing flows.
RBI's latest amendment of master directive on KYC, allowed regulated entities including banks to use offline Aadhaar for identifying and verifying their customers as required by PMLA act. This meant all private sector companies that had lost, an easy to
Aadhaar, apart from being India's unique identity program was also responsible for changing the way how people looked at digital identity. The supreme court verdict on Aadhaar limited access of Aadhaar data by private companies and lead 2 drastic changes
Know your customer, alternatively known as know your client or simply KYC, is the process of a business verifying the identity of its clients and assessing their suitability, along with the potential risks of illegal intentions towards the business relationship. - Wikipedia The government
Irrespective who you are, if you own an email id, have Facebook, Instagram or Google Plus account; you have an online profile, a web based personality. And if you are online chances are companies and organisations, government or otherwise have tracked