Technology | Signzy Blog

The Reserve Bank has always tried to remain adaptable in changing times. Its directive to utilize a video-based customer identification process(V-CIP) for know your customer (KYC) procedures is the latest evidence for this. The announcement came as an amendment in its master…

Importance of KYC In Gaming, Gambling And Casino Industries

Banking & Finance Regulation Technology by Mahesh Mohan April 23, 2021

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Know Your Players!- Why KYC Is Necessary For Gaming, Gambling, And Casinos

Introduction The global online gambling industry was worth more than $45 billion in 2017 and is predicted to rise to $94.4 billion by 2024. With such a stark rise in use and increasingly large sums of money moving through these entities, online…

Business Technology Think-Tank by ArpitRatan March 22, 2021

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Automation in Indian Insurance Sector- A View of the West and What to learn from the US

Introduction In 2012, the Indian Insurance Industry was estimated to be US$72 billion in value. Within9 years, in 2021 it soared to more than US$285 billion. The growth was nearly an increase of 300%. The credit to this rise lies in increased…

Banking & Finance Technology Think-Tank by ArpitRatan March 19, 2021

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Demystifying IPA For Finance

In a digitally advancing world, the need for automation is more than ever. This is mainly due to tech-savvy fintech and a surge in the demand for personalized user experience. Today, Intelligent Automation holds the power to accelerate growth. This can be…

Banking & Finance Technology by ArpitRatan March 18, 2021

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Digital KYC In Health Insurance

Health insurance policies are a vital instrument in the insurance industry. The Insurance Regulatory & Development Authority Of India (IRDAI), which acts as the regulatory body for all insurance companies in India, has allowed the use of paperless KYC collection, or e-KYC.…

Technology Think-Tank by ArpitRatan March 12, 2021

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How Digital KYC can transform Onboarding in the Indian Life Insurance Sector

Life insurance policies play a crucial role in the insurance industry. The Insurance Regulatory & Development Authority Of India (IRDAI) is the regulatory body for all insurance companies in India. IRDAI has now allowed the use of paperless KYC collection or e-KYC.…

Business Technology Think-Tank by ArpitRatan March 10, 2021

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Fraud, And Forgery- How The Indian Insurance Sector Can Use Technology To Prevent Scammers

Introduction With a US$ 280 billion evaluation, the Indian Insurance sector is a huge market for both domestic and international companies. Life Insurance portfolios alone are expected to grow nearly 75% in the next 5 years. Unfortunately, insurance fraud has been on…

Business Technology Think-Tank by ArpitRatan March 3, 2021

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A Brief Summary Of Video KYC In The Indian Insurance Industry

The Insurance Regulatory and Development Authority of India (IRDAI) has permitted insurance companies to issue policies on the basis of a video KYC (know-your-customer) process. Moneycontrol had first reported the regulator’s plan of allowing insurers to adopt video-based KYC for policy issuance.…

Banking & Finance Business Technology by ArpitRatan February 27, 2021

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Automation In Automobile Insurance- How Claims Processing Can Benefit From API, RPA, And AI

Introduction Motor insurance formed 39.4% of all non-life insurance markets in India combined. A major reason for this is India’s swiftly expanding Automotive industry. Automobile sales in India have risen to a 7.01% CAGR between 2013 and 2018. This constitutes the sale…

Banking & Finance Business Technology by ArpitRatan February 20, 2021

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The Era Of Digitization-Fintech Strategy of Digital Onboarding And What’s In Store For The Future

Introduction The world fintech market share across 48 unicorn fintech companies is north of $187 billion. This amounts to more than 1% of the global financial industry. A sensible question that comes to mind is, how are they doing this? Fintech startups…