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
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,
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
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
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
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.