Category: News

Welcome to our News category, your trustworthy hub for all the latest updates and happenings at Signzy, a leading light in the fintech arena. With our continuous strides in product innovation, technological advancements, forging strategic partnerships, and earning industry accolades, there’s always a buzz of activity at our end. This category is dedicated to bringing you all the noteworthy news and developments related to our organization.

Designed with the intent to keep you well-informed about our journey, our milestones, and our forward-looking vision, our News category is an embodiment of our commitment to transparency. We believe in fostering an open dialogue with our customers, partners, and followers, and this dedicated news section serves as a testament to that pledge.

In this space, you’ll come across updates about our latest collaborations and strategic alliances that enable us to widen our horizons and deliver superior solutions. You’ll gain insights into the accolades we’ve been bestowed with for our pioneering work in the fintech sector. Above all, you’ll get a sneak peek into the trail we’re blazing within the fintech ecosystem.

We cordially invite you to stay connected with us through our News category. Be a part of our journey as we persistently push the boundaries of what’s possible in fintech, revolutionizing the operational modalities of businesses. Whether you’re a client, a partner, or a follower, this space will keep you abreast of our strides and successes. Join us as we navigate the thrilling landscape of fintech, one news update at a time.

Ease Customer Onboarding with the New Offline KYC Rules

Posted on | by Signzian

RBI has unveiled the guidelines for ‘offline KYC’- a significant move towards reducing the woes for fintech companies and easing the customer onboarding process. These regulations have opened up new avenues for fintech companies to innovate their leverage of the Aadhaar database.

Fintech startups have been desperate for modifications to the KYC to make it easier to onboard customers remotely. In a statement from RBI, “Banks have been allowed to carry out online verification using Aadhaar identification of an individual who voluntarily uses their Aadhaar number for identification purposes.

For offline KYC, companies can capture customer details using a QR code or an XML-based process laid out by the Unique Identification Authority of India which manages Aadhaar- the biometric database of residents.

After this move, RBI has added ‘proof of possession of Aadhaar number’ to the list of OVDs (Officially Valid Documents).

Let’s explore in depth what this move means for the consumers and the financial institutions.

Why Use Aadhaar Offline Paperless e-KYC?

Through Aadhaar offline KYC, UIDAI provides a mechanism to verify the identity of an Aadhaar card holder through an online electronic service. This e-KYC method facilitates an authenticated instant verification of identity and substantially lowers the cost of paper-based manual KYC.

This method is usable by all agencies who have the following:

  • Reliable internet connectivity.
  • The right technical infrastructure to call online e-KYC service and deploy services at their end (as and when necessary).
  • A method to capture the biometrics of a resident.

UIDAI maintains each KYC request in a record to carry out audits.

The Merits of Aadhaar Paperless Offline e-KYC

Here are a few reasons why offline e-KYC is the right move toward a digital future:

Privacy of information

  • KYC data can be shared by the cardholders without the knowledge of UIDAI.
  • The Aadhaar number of the resident is not revealed. Only a reference ID is shared with the agency.
  • This offline verification method does not need any of the core biometrics, such as fingerprints or iris detection.
  • The Aadhaar cardholders get a choice of the data (within the demographics data and their photo) they want to share.

Security

  • When the Aadhar number holders download their Aadhaar KYC data, it is digitally signed by the UIDAI to detect fraud and tampering to authorize the use of that data.
  • Any agency can validate the data with their own OTP or face authentication methods.
  • The Aadhaar number holders provide a phrase which is then used to encrypt their KYC data- allowing consumers more control over their data.

Inclusion

  • Aadhaar paperless offline e-KYC is a voluntary, number holder driven method.
  • Any agency can use this method for identification and verification with the approval of cardholders allowing wide usage of the technology.

Any agency with the right infrastructure to support face identification using facial recognition, AI, and ML will be able to leverage this opportunity for its full potential to improve customer onboarding for remote customers.

How does Aadhaar Paperless e-KYC Work?

  • Aadhaar paperless e-KYC eliminates the need for cardholders to make a copy of their Aadhar letter. Instead, they can download the KYC XML and provide that to the agency wanting to do their identity verification.
  • The agency will have to go step-by-step with a detailed procedure to verify the KYC details given by a resident.
  • The KYC details are captured and shared in a machine-readable XML format which is digitally signed by UIDAI to verify its authenticity.
  • The agency can choose to verify the customer through their own facial verification software.

The following fields are included in the KYC data when customers download it:

  • Resident name
  • Reference number for download
  • Address
  • Photo
  • Gender
  • Dob
  • Mobile number in a hashed format
  • Email in a hashed format

Aadhaar offline KYC data is encrypted using a ‘Share Phrase’ given by the customer at the time of downloading data which they need to share with an agency for them to read and access that data.

Read on here to learn the simple steps of downloading and accessing Aadhaar e-KYC data.

Adoption of e-KYC

The incorporation of offline KYC is a welcome step for fintech companies. However, some digital payment companies think the process is a bit complex compared with the biometrics or OTP based KYC that has been the present norm for authentication and validation.

Thus, companies believe the method could be difficult to scale.the guidelines, however, show a way to encourage mass adoption of offline KYC, in three steps:

  • Paperless XML
  • eAadhaar PDF
  • Secure QR code scan

Now, the payments industry is waiting for the incorporation of e-KYC norms for non-banks, concerning an order by the Department of Revenue on May 9. As of the current regulations, RBI prohibits e-KYC for any non-DBT (Direct Benefit Transfer or subsidy-linked) accounts.

For carrying out the customer identification of non-DBT beneficiaries, the REs should obtain a certified copy of any OVD containing the details of his identity and address along with one recent photograph.

Following the Supreme Court judgement on Aadhaar in 2018 and in order to address privacy concerns and limit data sharing,The use of offline KYC can surely be an innovative solution for identity verification wherein verification can be done without sharing biometrics or even Aadhaar number.

About Signzy

Signzy is a market-leading platform redefining the speed, accuracy, and experience of how financial institutions are onboarding customers and businesses – using the digital medium. The company’s award-winning no-code GO platform delivers seamless, end-to-end, and multi-channel onboarding journeys while offering customizable workflows. In addition, it gives these players access to an aggregated marketplace of 240+ bespoke APIs that can be easily added to any workflow with simple widgets.

Signzy is enabling ten million+ end customer and business onboarding every month at a success rate of 99% while reducing the speed to market from 6 months to 3-4 weeks. It works with over 240+ FIs globally, including the 4 largest banks in India, a Top 3 acquiring Bank in the US, and has a robust global partnership with Mastercard and Microsoft. The company’s product team is based out of Bengaluru and has a strong presence in Mumbai, New York, and Dubai.

Visit www.signzy.com for more information about us.

You can reach out to our team at reachout@signzy.com

Written By:

Moni Gupta

 

COVID-19: Technology, Information & Information Technology

Posted on | by Signzian

For those of us away from the epicenter of the coronavirus pandemic, behavior change began from chemist runs to buy sanitizer. About 3 months in, with precautions and anxieties rising, we’re compulsively refreshing coronavirus dashboards, social distancing, and packing our pantries.

With a rising death toll, analogies to dystopian apocalyptic times are surfacing. But, so are stories of our heroic front-line workers, global solidarity, quarantine creativity, and technological innovation. The first part of this blog is to understand technology as the boon, bane, and balm of these times. The second part is to delve deeper into the role of social media in this “infodemic”, and the third is to briefly assess the IT sector’s response to the crisis.

Technology: Boon/Bane/Balm?

Computer modeling of the coronavirus’s spread based on airplane flights and travel data is helping epidemiologists (someone who studies the incidence, distribution, and possible control of diseases) predict where the illness will move next and how. Professionals performing infectious disease modeling across the globe are trying to ascertain how the disease will unfold so that governments may take apt precautionary measures and maintain accurate numbers. A model is however, as good as the data fed into it. Even with uncertain numbers, modelers are trying to work on critical issues like how many people are infected but symptom-less, increasing undetected numbers.

Other technological measures deployed in the time of corona are assessed country wise:

China

China is fighting against this public health crisis with its tech giants at the fore. There is news of new hospitals in Wuhan only staffed with robots. While many of these tech implementations are setting new healthcare practices, experts are deeming some as performative gimmicks and excuses for future mass surveillance by the authoritarian, press-controlling Chinese government.

1. Color Coded QR

Near the epicenter of the outbreak, entering public transport, one’s apartment or office, requires scanning a QR code which color codes the risk factor a citizen poses as red, yellow or green. This can be accompanied by writing down one’s name, ID number, temperature and recent travel history. This quarantine determination project is called the Alipay Health Code. It is an app developed for the local government of Hangzhou with the help of Alibaba’s sister company Ant Financial. It’s set to have nationwide implementation.

Neither Chinese officials nor Alipay have explained in detail how people are classified by the system. It is speculated that the compulsory app uses Big Data to identify potential carriers of the virus. The data can include stats sourced from transport agencies, health centers, and state-owned firms.

2. Drones, Robots and Autonomous Vehicles

In cities under lockdown, drones are being used to transport medical supplies and patient samples. They can also be used to spray disinfectant across large areas. According to authorities the aerial tech is also an effective way to scan large crowds to spot if someone needs medical attention and warn those not wearing masks of repercussions.

Robots are doubling up as cooks, cleaners, and delivery to eliminate human contact as much as possible. An important function for robots at the front-lines is thermal imaging and basic diagnostic functions.

China has nurtured various self-driving, autonomous vehicle platforms such as Baidu’s Apollo. They are proving to be an effective system to cut out human contact and ensure efficient delivery of essential supplies.

3. Big Data, Facial Recognition and AI

Taking a closer look, the color code app and surveillance drones use Big Data and streamlined facial recognition technology at their core. China has a history of using such data and AI to keep tabs on its citizens. In this time of crises, the role has simply been streamlined to enforce quarantines.

As an after-effect of the attempts to curb the spread of COVID-19, another ailment is spreading in China; mass surveillance. The country could easily use the health crisis as a justification to expand its already vast surveillance system.

With the race to find a vaccine for the coronavirus underway, tech giants like Alibaba and DIDI are contributing their computing power to help hospitals perform diagnoses and possibly find a cure.

USA

The U.S. government and public health experts are considering taking the help of private companies to aggregate anonymous smartphone location data to combat the virus. Talks are underway with Google and Facebook to track the infection. It could be a powerful tool to pinpoint the next hotspot or allocate health resources.

South Korea

When COVID-19 reached South Korea, anxiety was coupled with a bout of coding. Multiple apps have come into existence which help track the spread by sourcing data from publicly available government information. A person using the “Corona 100m” app can determine their proximity to the coronavirus patient. The government is also distributing smartphone alerts about the movements of people who have tested positive.

Singapore

Singapore has adopted a different method to tackle the pandemic. Thousands of people have imposed self-quarantine since the initial days of the outbreak. People required to isolate themselves are called multiple times a day and asked to click an online link to share their phone’s location. With officials successfully tracking infected individuals, this method proved to be effective. The Singapore police force is using CCTV footage to trace contacts and draw up lists of people who could be possibly exposed through interviews.

Iran

Iran’s official COVID-19 detection app “AC19” was removed by Google from the Play Store. Several users had accused the Iranian government of using the coronavirus as a means to scare citizens and tricking them into installing the app which was then used to collect phone numbers and real-time geo-location data. The most probable reason the app was taken off the Play Store was its misleading claims. It asserted that it could determine whether an individual had contracted COVID-19 or not. The app could not perform a diagnosis in any sense.

Israel

Israel is set to use its ‘anti-terror’ technology to counter the virus. Cyber monitoring would be deployed to track individuals who tested positive in real-time through their mobile phones to catch breaches in quarantine.

Social Media in a Time of Social Distancing

During a pandemic, there are two things we have to be vary of; the disease itself and the misinformation it creates. When every 2nd notification is an update or speculation about the virus, it becomes difficult to step away, and yet be aware. The sheer mass of posts has a tendency to fuel fear and racism, yet also hope.

On the one hand there is the problem of rumors and fake news, but on the other there is a paucity of information and the issue of censorship by authoritarian governments. Both construct dangerous false narratives. Stringent responses are being taken for each situation, but for very different intents:

  • To curb misinformation
  • To control what information goes out in the world

The World Health Organization (WHO) in a situation report dated 2nd February 2020, coined the mass of information as an infodemic.

“The 2019-nCoV outbreak and response has been accompanied by a massive ‘infodemic’ — an overabundance of information — some accurate and some not — that makes it hard for people to find trustworthy sources and reliable guidance when they need it.”

To curb this peril, Google has scrubbed its searches in an attempt to remove misinformation. A simple Google search now triggers an SOS Alert with links from reputed news organizations. It also brings up a “Help and Information” section with resources from local governments and the WHO. Google also blocked thousands of ads capitalizing on the virus. Similarly, Facebook banned listings of medical face masks on its marketplace due to the exorbitant prices they were being sold at. YouTube also removed a host of hoax videos and cure claims from their site. Ads have been removed from videos by verified accounts that are meant to inform and educate citizens.

On Chinese social media, information on COVID-19 is being tightly controlled. Censorship of coronavirus related content started from early stages of the outbreak and continued to expand. It blocked a wide range of speech depending on the platform. From personal accounts, warnings, criticism of the government and even officially sanctioned facts and information.

  • YY, a live-streaming platform in China blocked keywords related to the outbreak.
  • WeChat, broadly censored coronavirus-related content which could be critical or neutral. This included references to the late Dr. Li Wenliang who gave the first warning of the outbreak. Any comments on the Chinese government’s efforts on handling the outbreak, even facts, were censored.

However, with the barrage of information shared by Chinese social media users, the government was pressured to put out more accurate numbers and official warnings. Some of the personal accounts by doctors and medical professionals that did get through the censors, gave journalists worldwide an idea of ground realities to monitor its progression.

Tech Disruptors adapting to a Disrupted Life

Established models are being evaluated. Empty shelves in stores implies that the supply chain is being tested. Situation-based preference shopping is observed. Panic influenced buying patterns point to extreme mathematical models which AI and the IT sector are trying to solve. With millions of people working from home, the strength of online platforms is being tested, productivity channels are being rewritten, and techniques reworked. Some tech companies are playing their role in easing us into this interim lifestyle:

  • Microsoft rolled out updates on Teams to make it available to companies for free for six months in an effort to help remote productivity during the outbreak. It is also licensing Office 365 E1 free for six months.
  • Zoho Corporation allowing its WFH tool ‘Remotely’ to be used for free till July
  • Cisco ‘s remote working tool ‘Webex’ can now be used for 90 days under its free license
  • Google is set to roll out Advanced Hangouts Meet Conferencing to all G Suite customers for free
  • Edtech platform BYJU’S is letting students from grades 1–12 download and access the programs on their Learning App free of cost till the end of April.
  • Online tutoring platform, Vedantu, has made its learning platform free for all students, teachers, and schools.

Here’s hoping dystopia remains just a popular Netflix genre and we emerge from this crisis with a lifetime of lessons. Don’t forget to wash your hands.

About Signzy

Signzy is a market-leading platform redefining the speed, accuracy, and experience of how financial institutions are onboarding customers and businesses – using the digital medium. The company’s award-winning no-code GO platform delivers seamless, end-to-end, and multi-channel onboarding journeys while offering customizable workflows. In addition, it gives these players access to an aggregated marketplace of 240+ bespoke APIs that can be easily added to any workflow with simple widgets.

Signzy is enabling ten million+ end customer and business onboarding every month at a success rate of 99% while reducing the speed to market from 6 months to 3-4 weeks. It works with over 240+ FIs globally, including the 4 largest banks in India, a Top 3 acquiring Bank in the US, and has a robust global partnership with Mastercard and Microsoft. The company’s product team is based out of Bengaluru and has a strong presence in Mumbai, New York, and Dubai.

Visit www.signzy.com for more information about us.

You can reach out to our team at reachout@signzy.com

Written By:

Signzy

Written by an insightful Signzian intent on learning and sharing knowledge.

 

Impact of RBI’s NSFI report on Different Indian Business Sectors

Posted on | by Signzian

Need For Financial Inclusion

The Reserve Bank of India (RBI) has intricately planned out an ambitious strategy for financial inclusion till 2024. The National Strategy for Financial Inclusion report aims to fortify the ecosystem for various modes of digital financial services in order to create the necessary infrastructure to move towards a less-cash society by March 2022. While charting out the report for the period 2019–2024, RBI said, “Financial inclusion is increasingly being recognized as a key driver of economic growth and poverty alleviation the world over.”

Similar to the conventional banks, other institutions like payments banks, small finance banks, co-operative banks and other entities such as fertilizer shops, fair price shops, should encourage the use of digital transactions to uphold efficiency and transparency. The NSFI report outlines the need for increasing the reach of banking outlets of scheduled commercial banks, payment banks, etc to provide banking access to every village within a 5 km radius and at least 500 households in hilly areas by March 2020.

The increased global recognition and United Nations Sustainable Development Goals (SDGs) empower financial inclusion as a pivot for achieving sustainable development across the globe, countries are developing strategic policies to increase access and usage of formal financial services.

One of the key objectives of the World Bank is to achieve Universal Financial Access by 2020 (UFA 2020). The intent behind this is to provide adults who currently aren’t part of the formal financial system, with access to a transaction account to store money, send and receive payments to manage their financial lives. (Universal Financial Access 2020, 2018)

To achieve this ambitious goal, the World Bank Group has committed to enable one billion people to gain access to a transaction account through targeted interventions.It also works with countries to fortify the following primary building blocks:

  • public and private sector commitment
  • initiation of legal and regulatory framework
  • strengthening financial infrastructure
  • interaction with regulatory bodies on a global scale to provide guidelines that will enable access to transaction accounts.

Objectives of Financial Inclusion:

  • To provide awareness and enlighten customers on financial services, procuring various types of products and their highlights.
  • An objective has been defined where every eligible & consenting adult enrolled under the Prime Minister Jan Dhan Yojana, will be provided with an insurance scheme and a pension scheme by March 2020.
  • Change attitudes to translate knowledge into behavior.
  • Help consumers get a clear understanding of their rights and responsibilities as consumers of financial services.
  • Enhance the reach of banking outlets to provide banking access to every village within a 5-km radius or a hamlet of 500 households in hilly areas by March 2020.
  • By March 2024, every adult should have access to a financial service provider through a mobile device.

Application of Financial Inclusion Across Various Business Sectors

The RBI has drafted the NSFI 2019–24 under the supervision of the Financial Inclusion Advisory Committee (FIAC). The report has been created on the basis of inputs and suggestions from the Government of India as well as other Financial Sector Regulators. The report has also been approved by the Financial Stability Development Council (FSDC).

The NSFI 2019–24 outlines the vision and primary objectives for financial inclusion policies in India to help expand and sustain the process on a national scale. This can be done through a broad convergence of action which includes all the major constituents of the financial sector. As such, certain focus areas have been identified across various business sectors which we will discuss below.

Micro, Small and Medium Enterprises (MSMEs):

  • MSMEs are the primary catalysts that drive the growth of the Indian economy. They contribute nearly 31% to India’s GDP, 45% to exports and provide employment opportunities to more than 11.1 crore skilled and semi-skilled people.
  • An estimated presence of 6.33 crore MSMEs can be located in the country. Several initiatives have been undertaken to enable credit off take in this industrial sector.
  • A special capacity building programme named ‘National Mission for Capacity Building of Bankers for financing MSME Sector’ (NAMCABS) has been devised to familiarise bankers with the entire gamut of credit related issues of the MSME sector.
  • Web portals like the ‘Udyami Mitra’ and ‘psb loan in 59minutes’ have also been launched to provide easy access to credit. Trade Receivables Discounting System (TReDS) platforms have been set up to address the problem of delayed payments to MSMEs. In April 2015, the Pradhan Mantri Mudra Yojana (PMMY), an initiative to finance small business enterprises, was introduced. This was to ensure lending institutions would finance micro entrepreneurs up to ₹10 lakh. The interest subvention initiative has been launched for MSMEs to alleviate the cost of borrowings..

Agriculture:

  • In India, agriculture serves as the source of around 15 percent of GDP, 11 percent of exports and livelihood for about half of the Indian population. The importance of the sector from a macroeconomic perspective is also reflected in the form of bank credit to finance agricultural and allied activities relative to other sectors of the economy.
  • Banks have been mandated specific targets under priority sector schemes to give a thrust to agriculture financing from the formal sector, Currently the target for agriculture lending under priority sector for all domestic scheduled commercial banks and foreign banks having more than 20 branches is 18% of Adjusted Net Bank Credit (ANBC) or Credit Equivalent Amount of Off-Balance Sheet Exposure (CEAOBE), whichever is higher.
  • Within the 18 per cent target for agriculture, a sub-target of 8 percent of ANBC or Credit Equivalent Amount of Off-Balance Sheet Exposure, whichever is higher is prescribed for Small and Marginal Farmers. The banks have been advised to extend collateral free loans to small and marginal farmers upto ₹1.6 lakh. To provide adequate and timely credit support from the banking system under a single window to the farmers for their cultivation & other needs, an innovative product called the Kisan Credit Card Scheme (KCC) was launched in August 1998 as a flexible source of cash credit for easy access and delivery.

Banking:

  • RBI has adopted a bank oriented system to strengthen financial inclusion. The banks were mandated to open branches nationwide especially in under-banked pockets which led to a considerable increase in bank branches and later Automated Teller Machines (ATMs) in the 1990s to early 2000.
  • The banks were instructed to draw up a road map for having banking outlets in villages with population more than 2000 (in 2009) and less than 2000 (in 2012). Consequently, the banks were advised to open brick and mortar branches in villages with populations of more than 5000. The banks were also advised to prepare Financial Inclusion Plans for a period of three years comprising key parameters viz., modes of delivery of financial services, access to Basic Savings Bank Deposit Accounts (BSBDAs) as well as transactions via the BC Channel.
  • To fortify financial inclusion, RBI has relaxed the branch authorization guidelines in 2017 wherein fixed-point Business Correspondent(BC) outlets serving for more than 4 hours a day and five days a week are treated in a similar fashion to branches with physical infrastructure. An exclusive fund viz., Financial Inclusion Fund (FIF) has been created to support adoption of technology and capacity building with an initial corpus of ₹2000 crore.
  • As a measure to improve financial inclusion, RBI has issued differentiated banking license viz., Small Finance Banks (SFBs) and Payments Banks in 2015. The objective of setting up of SFBs was to further financial inclusion by provision of a savings vehicle and supply of credit to small business units, small and marginal farmers, micro and small industries as well as other unorganized sector constituents. This can be done with high technology-low cost operations. Payments Banks have been set up to provide small savings accounts and payments/remittance services to migrant labor workforce, low income households, small businesses and other unorganized sector entities / other users.
  • In order to strengthen the business correspondents(BC) model of delivery and help prospective users to identify BCs having good service track record, the BC Registry has been launched under the aegis of Indian Banks’ Association (IBA). For capacity building and to ensure certain minimum standards of service rendered by the BCs, a BC Certification course through Indian Institute of Banking and Finance (IIBF) has also been introduced.

Insurance:

  • The key initiatives undertaken in the insurance sector include increasing awareness among citizens on the benefits and appropriateness of insurance and enabling greater availability of insurance products (including micro-insurance). This can be done by increasing the number of delivery channels which consist of corporate agents as well as Common Service Centers.
  • Further, with the use of technology, Web Aggregators and Insurance Repositories have been erected to provide ease of access and storage of insurance policy details to enable issuance of insurance policies in an electronic form.
  • Towards the interests of policyholders and also in building their confidence in the system, the institution of Insurance Ombudsman has been created. The objective is to quickly dispose of grievances of the insured customers and also mitigate their problems involved in redressal of their grievances. To protect the interests of policyholders and customers catered to by the insurance companies / intermediaries under the Health insurance segment, separate guidelines have been issued.

Pension:

To monitor and control the National Pension System (NPS) and other pension schemes which are not subject to any other enactment, the Pension Fund Regulatory and Development Authority (PFRDA) was set up under the PFRDA Act, 2013. Some of the key initiatives undertaken in the pension sector include expansion of NPS via increased channels of distribution, developing efficiency of the officials of its intermediaries and increasing the awareness on old age income security and retirement planning. The regulatory authority has also leveraged technology in an effort to drive efficiencies & improve ease of access to NPS for the subscribers and service providers.

Future Scope of Fintechs in NSFI

The policies on financial inclusion would be incomplete if digital financial inclusion and the role of fintechs is not meaningfully integrated. While the Jan Dhan-Aadhaar — Mobile trinity has been a benefactor to Indian economy over the last few years, adequate measures are needed to strengthen the ecosystem for digital financial services, including increased awareness on usage of digital modes of transactions, increased access points/ acceptance infrastructure and a safe environment incorporating the principles of consent and privacy.

Based on the report, it is expected that over the next few years, the fintech space may evolve from its present structure, calling for adequate understanding among regulators, financial service providers and most importantly the customers availing financial services through the digital mode. It is important to primarily address the newly-included digital customers through sufficient awareness and literacy.

About Signzy

Signzy is a market-leading platform redefining the speed, accuracy, and experience of how financial institutions are onboarding customers and businesses – using the digital medium. The company’s award-winning no-code GO platform delivers seamless, end-to-end, and multi-channel onboarding journeys while offering customizable workflows. In addition, it gives these players access to an aggregated marketplace of 240+ bespoke APIs that can be easily added to any workflow with simple widgets.

Signzy is enabling ten million+ end customer and business onboarding every month at a success rate of 99% while reducing the speed to market from 6 months to 3-4 weeks. It works with over 240+ FIs globally, including the 4 largest banks in India, a Top 3 acquiring Bank in the US, and has a robust global partnership with Mastercard and Microsoft. The company’s product team is based out of Bengaluru and has a strong presence in Mumbai, New York, and Dubai.

Visit www.signzy.com for more information about us.

You can reach out to our team at reachout@signzy.com

Written By:

Signzy

Written by an insightful Signzian intent on learning and sharing knowledge.

 

India’s fastest growing Identity Verification company Signzy partners with Apriori for data aggregation services.

Posted on | by Signzian

About Signzy

Signzy is a market-leading platform redefining the speed, accuracy, and experience of how financial institutions are onboarding customers and businesses – using the digital medium. The company’s award-winning no-code GO platform delivers seamless, end-to-end, and multi-channel onboarding journeys while offering customizable workflows. In addition, it gives these players access to an aggregated marketplace of 240+ bespoke APIs that can be easily added to any workflow with simple widgets.

Signzy is enabling ten million+ end customer and business onboarding every month at a success rate of 99% while reducing the speed to market from 6 months to 3-4 weeks. It works with over 240+ FIs globally, including the 4 largest banks in India, a Top 3 acquiring Bank in the US, and has a robust global partnership with Mastercard and Microsoft. The company’s product team is based out of Bengaluru and has a strong presence in Mumbai, New York, and Dubai.

Visit www.signzy.com for more information about us.

You can reach out to our team at reachout@signzy.com

Written By:

Paritosh Vatsal Tripathi

 

Oracle Financial Services Hackathon – Ankit Ratan, Co-Founder, Signzy

Posted on | by Signzian

https://youtu.be/ElxYD-8h7m4

Oracle Financial Services is powering innovation with industry leading platforms built on modern, open and intelligent technology. We are reimagining banking by bringing together 13 FinTechs startups to be part of it at the Demo Pitch Day at Oracle Industry Connect 2018.

About Signzy

Signzy is a market-leading platform redefining the speed, accuracy, and experience of how financial institutions are onboarding customers and businesses – using the digital medium. The company’s award-winning no-code GO platform delivers seamless, end-to-end, and multi-channel onboarding journeys while offering customizable workflows. In addition, it gives these players access to an aggregated marketplace of 240+ bespoke APIs that can be easily added to any workflow with simple widgets.

Signzy is enabling ten million+ end customer and business onboarding every month at a success rate of 99% while reducing the speed to market from 6 months to 3-4 weeks. It works with over 240+ FIs globally, including the 4 largest banks in India, a Top 3 acquiring Bank in the US, and has a robust global partnership with Mastercard and Microsoft. The company’s product team is based out of Bengaluru and has a strong presence in Mumbai, New York, and Dubai.

Visit www.signzy.com for more information about us.

You can reach out to our team at reachout@signzy.com

Written By:

Signzy

Written by an insightful Signzian intent on learning and sharing knowledge.

 

1 … 6 7 8 9