eKYC or Electronic Know Your Customer can be basically understood as the electronic mode of filing documents that are concerned to a customer’s identity and enables a unit to get the customer. The EKYC services to UIDAI partner organisations get the eKYC services through UIDAI. As part of the services, a customer has to share the requisite demographic and personal detail through Aadhaar in a protected and apparent fashion. A customer has to provide details, starting from identity details, information of communication, address details, Date Of Birth, gender, etc. All these can be availed on a person’s Aadhaar card. A customer can make use of biometric along with OTP Aadhar verification to provide his or her consent. Use eKYC eKYC is essential for customers as well as the clients of banks, fiscal institutions and Service Providers or as fixed by the RBI in the form of circulars in regular intervals. A couple of crucial circulars were issued in 2003 ...
Manual identify verification process is hectic and time taking. Besides, there is no guarantee that you will get accurate and genuine information through manual ID verification process. That’s why identity verification software is there. This software helps you quickly and effectively verify the identity of your prospective retail and commercial account holders. This is the best and effective steps to preventing fraud. This software can analyze the Proof of Identityverification of the deceptive individuals before the fraud occurs. The identity verification software can help you investigate possible fraud scenarios by helping you confirm whether the Proof of Address verification is true or not. Besides, helping to confirm a true identity, it also can be configured to perform a custom hotlist check for individuals that might seek to disguise their identity. Benefits of identity verification software 1. It greatly minimizes the customer intera...