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Banking & Finance Technology by ArpitRatan October 17, 2020

KYB Vs KYC — The What, The How and The Where

Know Your Business (KYB) process is not so different from the most widely known and standardized Know Your Customer (KYC) process. The difference lies in the purpose and intentionality of the process. The focus is on identifying companies and suppliers in the…

How VideoKYC Can Stop KYC-Led Financial Fraud In India 0

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How VideoKYC Can Stop KYC-Led Financial Fraud In India

In recent times, wallets and UPI have taken over the Indian digital payment ecosystem. Since its introduction in 2016 by the National Payments Corporation of India (NPCI), UPI has changed the payments paradigm. But even as the reduction of friction in payments…

Banking & Finance Technology by ArpitRatan August 26, 2020

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How do banks digitally verify your online identity?

Data breaches and identity fraud continue to be a primary security concern for banks and fintechs . They have harmful financial ramifications for banks. They can also damage the reputation of institutions around the world. As technology advances so do the fraudsters’ methods…

Banking & Finance News Technology by ArpitRatan August 3, 2020

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Investing In Mutual Funds- Volatility & The New Digital Experience

Months into the pandemic, we have adjusted to social distancing and self-quarantine norms. The past few months were harsh and difficult and we have come a long way but the future still looks murky. With unemployment rates at a high, people are…

Technology Think-Tank by ArpitRatan July 20, 2020

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Automating Online KYC The Intelligent Way Using IPA

KYC or Know Your Customer has been a crucial process in the banking sector for onboarding customers. However, traditional KYC involved several manual steps for the unique identification of the client. These steps were time-consuming, tedious and added to the expenses of…

Banking & Finance Technology Think-Tank by ArpitRatan July 14, 2020

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How Video KYC can be game-changing for the non-banking sector

It isn’t just the finance and banking sector that is going digital. Every aspect of our lives, every industry we can fathom is undergoing a digital transformation. From the comfort of one’s home, a car can be rented, a fiancé found, a…

Business Technology Think-Tank by ArpitRatan June 25, 2020

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Financial Institutions Should Heed Digital Merchant On-boarding

Acquirers are always struggling with the cumbersome merchant onboarding process. The need is of an enhanced digital merchant onboarding experience. A platform that is agile. A platform that supports a 100% automated onboarding. One that incorporates checks for fraud and Anti Money…

digital kyc solution for reg tech industry

Banking & Finance Regulation Technology by Tathagata Chakrabarti June 18, 2020

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Simplifying CASA In Banking With Digital KYC

A current account savings account (CASA) is a combination of the features of savings and current accounts. It enables customers to keep their money in the bank. It provides very low or no interest on the current account. For savings accounts, banks…

Business Technology by Tathagata Chakrabarti June 8, 2020

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Impact Of Digital KYC On Customer Onboarding For Credit Cards

The financial services marketplace is extremely competitive. As such, acquiring new credit card customers is never easy. The task of successfully onboarding these customers is often even tougher. Many documents around company credentials and financial statements need verification. The process is required…

Banking & Finance Regulation Technology by Tathagata Chakrabarti June 3, 2020

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Making KYC Digital For Mutual Funds In India — Landmark SEBI Guidelines & The Way Forward

The onboarding process for Asset Management Companies (AMCs) is among the most complex of all client-facing activities. Reams of documentation are exchanged between a client and the investment management firm. It is then distributed throughout the organization. Most of this requires approvals,…