Isn’t it time the video gaming business rectified its KYG (Know Your Gamer) issue in a sector where bullying, discrimination, and even money laundering are rampant? It’s reasonable to say that most of us have participated in the playing of at least one video game. Over 3 billion individuals across ... Read More

For FIs, onboarding is a significant new hurdle. Banks still struggle to properly integrate clients even though the majority of financial institutions (FIs) have explicit digital-first initiatives to automate & optimise their backend operations. The majority of corporate clients need an easy-to-use onboarding process with little human involvement and foolproof ... Read More

As a new alternative to offline seller onboarding, a new digital onboarding method is being tested by amazon for verifying the identity of merchants online, this biometric verification system uses facial recognition in the form of Face Match for  automated identity verification to onboard vendors. According to a post issued ... Read More

Passport verification is a process that is used to confirm a person’s identity using their passport as proof of identification. In the housing industry, this process is commonly used to verify the identity of prospective tenants or buyers before they are allowed to rent or purchase a property. This is ... Read More

The customer experience at the world’s biggest banks and fintech firms is undergoing a significant change. Because of technological advancements, account users may now not only transfer money online but also log in using Identity Verification using face match technology and do a variety of operations using simply their smartphone ... Read More

APIs provide rapid and scalable applications for banking, payments, and other businesses that require identity verification for AML and KYC compliance. In most countries, some firms are obliged by law to comply with AML and KYC. When such firms authenticate their consumers, APIs may provide a faster, simpler, and less ... Read More

Airtel’s latest initiative prioritizes digital onboarding methods to assist online customer onboarding for its payments bank to create an account simply by doing a face match eKYC check on mobile devices. Airtel Payments Bank is the country’s first Payments Bank to offer this service, and it foreshadows India’s shift toward ... Read More

The Unique Identification Authority of India (UIDAI), which issues Aadhaar cards, has advised states and organizations to verify a person’s Aadhaar number before accepting it as proof of identity in physical or online platforms. The UIDAI has proposed the move to prevent Aadhaar misuse and to verify the authenticity of ... Read More

A new paper outlines the impact of fraud on customer trust. According to the study paper “Fraud vs. Friction: How the Need for Speed is Creating a User Onboarding Crisis,” 71% of customers are “less inclined to trust a fintech service that has been harmed by onboarding fraud.” The research, ... Read More

The Telecom Regulatory Authority of India (TRAI), the government’s telecom authority, would implement a caller identification system similar to other caller ID applications on the app store within the next three weeks. The new system will employ KYC verification to guarantee that callers’ identities are real and aren’t forged with ... Read More