In-person verification. is it required?
Over the past year, we released Veri5KYC, a suite of products catering to KYC and verification needed by BFSI and Fintech industry. Though companies in the transport, delivery, and ecommerce also adopted Veri5KYC products to ascertain the safety of their
The Ultimate Guide to KYC
According to a report by Securitas , identity theft accounts for 35% of all financial frauds in India. Combine this with the possibility of using this money for terrorist funding, the problem doesn’t just stop at losing money. While banks and
Chapter 2. Audit and Record provisions relating to KYC Regulations of RBI
In our introductory chapter we took you through the major highlights that RBI master circular on KYC had and how it affected you as a regulated entity. In this installment of the blog we shall discuss outsourcing and audit related stipulations. All regulated entities are expected to comply with audit related provisions of KYC Policy, following is a list of major provisions that you should be aware of,
Highlights of RBI’s KYC master circular
RBI, SEBI, UIDAI and IRDAI tend to update their KYC mandate overtime and considering how official circulars are written most of us require the help of a legal expert to understand and interpret the changes and regulations that might affect
5 ways to KYC your customer
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
Aadhaar Bridge is now Veri5Digital
When we started Aadhaar Bridge in 2015, the small team at Khosla Labs had one singular goal - to make it easier for companies to use Aadhaar API’s for their identity and on boarding needs, while staying 100% compliant with
How to integrate Aadhaar Auth API?
One of the best things about Aadhaar API was its ability to allow organisations like Banks and other financial institutions to instantly verify the identity of the customer, as required by RBI regulations. This meant new accounts and loan disbursements
What is eKYC? How is it different from Offline Aadhaar?
KYC or Know your customer, simply put is the process of identifying a customer with a goal of detecting and avoiding fraud in financial transactions, as such it is legally binding to financial institutions including banks and NBFC’s. Read more on
What is KYC? Why is it important?
KYC or Know your customer, simply put is the process of identifying a customer with a goal of detecting and avoiding fraud in financial transactions, as such it is legally binding to financial institutions including banks and NBFC's.
Aadhaar KYC and Aadhaar Authentication. How are they different?
Aadhaar auth is used to prove you are who you say you are. KYC or Know your customer, simply put is the process of identifying a customer.