Union Budget 2023: How AI works for digital platforms in India?   Given that AI is a major subject of discourse across all industries, it is excellent news that the Indian government has announced a number of projects aimed at developing Artificial Intelligence (AI) in the country in its most recent ... Read More

EDD’s Importance in Banking and Finance EDD is a vital component of the KYC compliance procedure in banking. It comprises gathering information to verify clients’ identities and assess the degree of money laundering risk that each customer poses. As a result, the client requested substantially more details during the EDD ... Read More

How did Union Budget 2023 address Financial Services in India? Finance Minister Nirmala Sitharaman advocated for the simplification of Know Your Customer (KYC) processes for financial services in a Budget speech that placed a broad emphasis on technology and tech-driven solutions. She also argued for increasing the utility of the ... Read More

The masked Aadhaar is a variant form of Aadhaar that the Unique Identification Authority of India (UIDAI) developed after taking into account the issue of data privacy for individuals. Read through to know more about what it is. What is a Masked Aadhaar? You can hide your Aadhaar number in ... Read More

Introduction to Fintech as a Service (FaaS) Fintech as a Service (FaaS) is a business model that enables companies to outsource financial technology (fintech) services to a third-party provider. This model provides companies with a more flexible and cost-effective way to access fintech services and improve their financial operations. Let’s ... Read More

Introduction Artificial Intelligence (AI) is revolutionizing the financial services industry, known as fintech. From improving customer experience to reducing operational costs and mitigating risks, AI is having a significant impact on fintech. In this blog, we will explore the top 10 ways AI is being used in fintech. Fraud Detection ... Read More

Identity verification is a critical aspect of many businesses and organizations, ensuring that the individuals accessing resources or services are who they claim to be. With the advent of Artificial Intelligence (AI), this process has become more efficient, secure, and cost-effective. In this blog, we will explore how AI is ... Read More

What is Video KYC? Video KYC (Know Your Customer) is a process for customer Identity verification using remote video technology. It is a secure and efficient way for financial institutions, online businesses, and other organizations to verify the identity of their customers without requiring them to physically visit a branch ... Read More

Remote, Digital Onboarding is now deemed a “car in the garage” solution to onboarding new customers online. This typically contains a form of Government ID verification and Biometric Check before secure signup(Face Match). But the ” new car in the showroom” solution that you desire is IDcentral’s Face Trace product.  ... Read More

Introduction to Digital Customer Onboarding with Identity Verification for Neo Banking In the world of finance, digital onboarding is becoming increasingly important for neo banks. Neo banking refers to a new generation of digital-only banks that offer a wide range of financial services through mobile apps and online platforms. These ... Read More