
DigiLocker KYC: What financial institutions ought to know
How to choose a partner for DigiLocker KYC All important documents anywhere, anytime! Yes, that’s...

What is a politically exposed person? | PEP screening
PEPs (or politically exposed persons) are individuals in high-profile roles in the government, an organization,...

BGV – your new roommate from heaven
Squinting in the morning sun, I woke up and waddled my way to the kitchen....

Onboardology
Last weekend I was playing Jenga with my nephew. Have you ever played Jenga? Jenga...

Background Verification after joining: 3 disadvantages & solutions
Background verification after joining has 3 fold disadvantages. Let’s look at what they are and...

Form 16 verification: What employers ought to know
5 out of 10 candidates lie on their resume. And, lying about previous job compensation...

What is re KYC? Meaning, RBI guidelines and process
Has your bank ever asked you to undergo a re KYC? Buying a new house...

New from IDfy BGV – Get your prepaid credits instantly
If you can pay for your company's flight tickets via UPI, why shouldn’t payment for...

Drug test for job: What employers need to know
The United Nations Drug Report in 2011 pronounces India as the biggest consumer of heroin...

Identity verification: Top 3 digital methods
What is identity verification? Identity verification helps organisations ensures that an individual is who s/he...

The A-Z of converting black money to white (aka AML screening)
If you have noticed a recent surge in anti-money laundering (AML) news lately, you’re not...

The roller-coaster ride of Crypto
If I told you that you could make US $600,000 by selling a virtual gaming...

Document Verification Process: Traditional Vs Digital approach
Organisations from all sectors today are competing over the same pool of employees, customers, partners,...

What documents are required for KYC? | KYC norms in India
If you have ever opened a bank account, you have performed the KYC process.  KYC...

The fault in our CKYC stars
A few weeks ago, I applied to open a savings account at a private bank....

A pineapple on pizza moment in BGV for HRs
How does ‘pineapple on pizza’ sound to you? Weird or great? I felt something similar...

Oops – my green case just turned red – Infinity checks
Imagine a normal Monday morning. A mug of coffee on your desk as you prepare...

The Unfunny Side of fake photos
We have news for you. Fake photos sure make a good meme, but not everybody...

Was your pan card stolen? Here’re 5 ways thieves can misuse it
A quick look at some crimes that have been committed using stolen PAN cards. Sep...

e KYC Aadhaar Authentications by RBI Regulated Entities
It's imperative for the RBI and UIDAI to frame policy and back it with technology...

The Great KYC Challenge
RBI needs to embrace technology that makes e-KYC safer and more secure while giving a...

Supreme Court’s Aadhaar verdict and what it means for private companies
Here's what the Supreme Court's Aadhaar Verdict means for Private companies. Organisations that embrace technology...

Aadhaar paperless e KYC is a Necessity
Aadhaar paperless e KYC is a necessity and there is no debating that! In today’s...

Use of Aadhaar authentication by Private Parties
Section 57 of the Aadhaar Act allowed private parties to authenticate the identity of customers...

The Impact of Aadhaar KYC on Indian Industry
The Supreme Court verdict on the use of Aadhaar KYC by private enterprises has affected...

How to check candidate background with the right approach
Here are stories of some big companies like JPMorgan Chase, Uber, etc. paying a heavy...

Keep Calm and Fight Fraud
Four Amazing Videos about Fraud and Fighting Fraud At IDfy, our aim is to help...

Fintech Companies Looking for Digital KYC Solutions
An Economic Times article on how fintechs are looking for digital KYC solutions that do...

Analyzing the Aadhaar (Aadhar) eKYC Bill
Essentially, the Bill clears the way for Aadhaar e-KYC, Aadhaar offline KYC, and KYC through...

Five Shocking Stories that are identity theft examples
Oct 15, 2018 • 8 min read Identity theft or misrepresentation is the most common method of...

Digilocker’s long road to overnight success
A few weeks ago, I logged on to a portal to check my credit rating....

Data Localization: Why the RBI isn’t listening to ‘Mirroring’ arguement
OK, so the RBI wants data localization so they can seize / inspect records /...

Why the UIDAI’s Aadhaar QR code based authentication will not work
Nov 8, 2018 • 1 min read With Aadhaar-data unavailable to fintechs, banks, insurers, telcos and other...

Will the new offline KYC rules really ease Fintech’s pain?
Unlikely! While the Economic Times article on the subject strikes an optimistic tone, it's unlikely that the...

RBI’s new KYC Master Directives in 6 Bullet Points
The RBI released its new KYC Master Directives. We've read the 60-page document and distilled it down...

Kho Kho in the Rain
This was an evening when our over-worked and hyper-pressured tech and product teams went out...

Revenge in Oil: Art Talk
I enjoy art and I was nervous for my session but Oh Boy! I did...

Fintech companies are pushing tech boundaries for e KYC verification solutions
The fintech and payments industry, including banks and non-banking financial companies (NBFCs), is considering artificial...

RBI’s ‘Regulatory Sandbox Enabling Framework’ Highlights
Last week, the RBI released the ‘Enabling Framework for Regulatory Sandbox’ (RS). Key highlights of the...

How our business moved to WFH: An Inside Account
"Move swift as the wind and closely-formed as the wood.†~ Art of War Sun...

Watch: HDFC Bank’s Video KYC journey
It's now an open secret as to who HDFC Bank's Video KYC partner is. That's why...

HDFC Bank fined Rs 1 Crore for KYC violations
The industry is realizing that Digital KYC solutions that combine realtime checks, tampering detection, face...

Rs. 1.75 Crore Penalties for KYC Violations
The RBI is getting tough for any violations on those fronts. PNB, UCO Bank, Corporation...

Two Important Lessons the PayTM Mall Fraud Saga Teaches Us
Fraud Detection is not a cost head that needs to be budgeted and minimized. In...

SEBI ‘Innovation Sandbox’ to Address ‘Data Access’ Issue
After the RBI, it is now the turn of SEBI and IRDAI to launch their...

Why it’s important to get digital documents ‘Right First Time’
That's exactly why we've built a SDK that helps the customer get it 'right first...

Dissecting the SEBI Circular dated Nov 5
There was some excitement in the industry on November 5, 2019 when SEBI released a...
This will reduce customer drop-offs during Onboarding by 80%
You cannot stop customers from submitting incorrect or unusable digital documents. But you can inform...

World’s Top 100 Regulatory Technology Company…Again!
Yes, we've been selected...for the 2nd year in a row...in the REGTECH100, a list of...

KYC in the Times of Coronavirus
KYC has seen a few digitization ups and downs over the years. The Coronavirus pandemic...

V for Video: Transformation of the Relationship Manager in bank
Of all things Coronavirus, the least talked about is how it has made WFH favorite...

2.5x Increase in Lead Conversions with Zero Touch Onboarding
We onboarded 45,000 delivery executives for our client in one month. We more than doubled...

How to onboard more customers using Video KYC platform
We ran Video KYC operations on our Video KYC platform. In one month, we saw...

Video KYC Success Factors that Nobody Talks About
Since the world went into this pandemic-induced lockdown, Banks and Financial Institutions have accelerated their...

How e-commerce used technology to provide livelihood during the Pandemic
The year 2020 has not been kind. Especially to the weaker economic sections of our...

“I like to settle cash daily. Not weekly.” – Swiggy/Zomato seller
Ranjhana runs a vegetable shop in a prime location at the Juhu market. Mumbai. She...

I’ve doubled my income as Swiggy seller
When India went into lockdown in March 2020, Ali was suddenly left with the prospect...

How a leading PSU bank is disbursing Shishu MUDRA loans in 30 minutes
IDfy is powering the digital customer journey at one of India’s top PSU banks. This...

“Delivering packages for e-commerce helped me survive the pandemic†– Amazon Delivery Partner
Samir Ghosh from Kolkata signed up to be a Delivery Partner with Amazon and shares...

“I borrow only from those I know and trust†– Merchant payment
Deva Rao is a Kirana store owner in Jamshedpur. Deva Store has stood in this...

IDfy recognised amongst the World’s Top 100 Regulatory Technologies
Nov 20, 2018 • 1 min read Listed in REGTECH100 as a leader in Regulatory Technologies that...

Technology Solutions for AML in banking
As emerging technologies are adopted in the new digital economy, banks are required to proactively...

We are the Infrastructure for all Future P2P Transactions: IDfy’s CEO
Ashok Hariharan, co-founder and CEO at IDfy, believes that IDfy is building the infrastructure for...

KYC company, IDfy, and BeatRoute join hands
IDfy, a leading Regulatory Technologies solutions provider (KYC company), and Beatroute Innovations, a mobile app...

KYC norms RBI, 2018: 4 ‘must haves’ for banks & fintechs
Banks and Fintechs are looking for clear digital KYC norms from the RBI. Here's a...

Aadhaar ekyc XML: Why Fintechs prefer alternative KYC processes
In an article in the Economic Times, IDfy CEOÂ Ashok Hariharan echoes the fintech industry's lack...

Police Verification for job: What employers need to know
Recently, Economic Times recently reported that Anthony, an Ex-HR manager of two pvt. firms, was...

RBI Data Localisation Directive: Here’s all you need to know
Jan 18, 2019 • 4 min read Abhishek Senthilnathan and Aaron Kamath of leading law firm Nishith Desai...

RBI regulations following foreign regulators; Citibank and more fined
Complying with RBI regulations is getting real serious with global financial institutions being slapped with...

Tax for investors is unclear & Indian start-ups are affected: CNBC
Speaking on CNBC Awaaz, Ashok Hariharan - CEO of IDfy - said that the lack...

IDfy launches Video KYC process to reduce cost by more than 90%: Economic Times
An Economic Times article today has reported on IDfy's latest product release - the Video...

Masked Aadhaar solution: New launch at IDfy
A report in the Technology edition of the Economic Times has reported on the recent...

Aadhaar card XML – How UIDAI’s offline verification method works
In Aadhaar card XML, all the resident’s demographic data is downloaded by default and the...

“eSign India will change or become redundant”: Wriju Ray to Economic Times
In a report published in the Economic Times today, Wriju Ray - CBO at IDfy...

I plan to build my online e-commerce store on Shopify
Ribeiro's first tryst with an e-commerce store has not been a profitable one. However, Ribeiro...

Is eSign still relevant?
Digital KYC costs anywhere between Rs 10-15 per transaction. In fact, for very high volumes...

5 global examples of gaming fraud Indian companies can learn from
Indian Gaming companies are eyeing almost Rs 12,000 Crores by 2023. That's bigger than the...

Video KYC can help separate customer ‘identification’ and ‘authentication’: Wriju Ray to ET Prime
The requesting entity can download the video. But how would the entity authenticate whether this...

Marksheet Verification – How You Can Avoid Hiring Fraudsters
We all love having a competitive advantage in the cut-throat job market. Many of us...

IDfy’s Machine Learning Solutions Driving Gaming in PokerBaazi, BalleBaazi, and RummyBaazi
IDfy, a Mumbai-based company listed amongst the world’s top 100 regulation technology companies, today announced...

Access to data crucial element in Regulatory Sandbox: Wriju Ray to Economic Times
RBI's Regulatory Sandbox, in our opinion, is really about enabling AI in the KYC process....

3 things you must know about ‘dual employment’ in India
Two-timing. Whether the receiver’s a romantic partner or an employer, the phrase just doesn’t bode...

A quick guide to Motor Vehicle Record check in BGV
Whether you’re an e-commerce, logistics, a bank, or any other sort of business, you own...

Everything HRs ought to know about reference checks in BGV
On Google, the more a result is clicked on, the higher it ranks. And while...

What you must know about background verification in MNCs
India: Multinational companies plan to hire more than 2,00,000 employees by the end of the...

Are API’s in BGV just a fad or the ultimate future?
How does ‘pineapple on pizza’ sound to you? Weird or great? I felt something similar...

What is eKYC? Meaning and types of eKYC
When financial products and offerings are already digital, verification should be, too. As a result...

What are the different types of KYC in India?
Today, it is possible to perform the KYC (know your customer) process of your customers...

What is the difference between KYC and AML?
Introduction Your customers and their financial transactions may put your financial institution at danger of...

What is CKYC? All you need to know about CKYC
Regulations have made the term "Know Your Customer" (KYC) a commonplace. All institutions in the...

11 internal fraud in banks & how to prevent them
Banking and Financial Services account for the largest share of internal fraud cases examined by...

Top 3 employment fraud in banks HRs must know about
You and I aren’t strangers to cases of fraudulent bank employees robbing their customers. It’s...

What is KYC and why is KYC important?
Knowing your customers is a significant element of the fight against money laundering and financial...

All you need to know about Buy Now Pay Later in India
Buy Now Pay Later (BNPL) has gained popularity as a more convenient payment method in...

Identity Theft Fraud in BNPL: The Biggest Menace
Dwight is right. ‘Identity theft is not a joke!' We couldn’t be more serious about...

The Intersector – Loan Fraud
Welcome to the 3rd edition of IDfy’s KYC & Fraud Mitigation Newsletter. Today I’d like to...

How automated RC DL checks can transform your Logistics business
Introduction For India to become a USD 5$ trillion economy by 2025, the logistic sector...

The Intersector Vol. 5 – Aadhaar verification
Welcome to the 5th edition of my monthly newsletter. This one is about the offline...

The Intersector Vol. 2 – Identity fraud
Hi there, Have you ever been asked to show your ID card upon being delivered a...

KYC and Fraud Mitigation
Welcome to the 1st edition of IDfy's KYC & Fraud Mitigation Newsletter. “Beware of  third...

Intersector Vol. 4 – Money Mules
Welcome to the 4th edition of IDfy's KYC & Fraud Mitigation Newsletter. Let's talk about payment...

Onboardology Vol. 1 – HR newsletter
Onboardology an HR newsletter ...... because hiring is hard Hiring is tough in the best...

Delivering a 10x better candidate experience
In an online survey we conducted, almost 70% of people who have recently switched jobs...

Who are money mules? | Money mule accounts
A money mule is someone who transfers money on behalf of or at the direction...

2 years of Video KYC journey
Video KYC was a distant hope just two years ago. The RBI's approval in January...

Top 5 cyber fraud to watch out in 2022 in the logistics industry
Digital automation has proven to be a boon for the logistics industry. It has made...

10 Things You Need to Know About RBI’s latest Video KYC Regulations
Here are 10 things you definitely need to know to keep yourself compliant with the...

How machine learning does image tampering detection
"More than 90% of commercially captured and published digital photographs, if not tampered with some...

PAN Card forgery is a serious identity theft threat
If you want to know how surprisingly easy it is for someone to forge your...

IDfy launches Video KYC verification for remote customer
Fintechs and Telcos to Achieve Regulatory Compliance with 90% Cost Savings  IDfy, a...

HDFC Bank’s Video KYC Journey
It's now an open secret as to who HDFC Bank's Video KYC partner is. That's why it's...

Uncovering a complex UPI scam that uses social media to target victims
If you have ever come across a person seeking resolution on social media for a...

Banks may feel left out as digital lenders rapidly acquire users, say leaders
At the FinTech Festival India 2021, industry leaders discussed the past, present, and future of...

ID verification company IDfy raises INR 86 Crore from TransUnion and Blume Ventures
Helps businesses digitally identify, verify, and onboard genuine entities Has performed more than 70mn verifications...

TransUnion and IDfy Partner to Expand Digital Onboarding and Verification Technology Offerings for Customers Globally
Mumbai, October 4, 2021 – As part of our ongoing commitment to meet the demands of...

Behind the scenes: Employee Criminal record checks
Your company has endured struggles- the pandemic, economic/market dip, and whatnot! Your team has worked...

Here’s why an Education check is important for your companyÂ
It is said that screening is knowledge, and knowledge is power. Conducting an education check...

What everybody ought to know about address verification
When it comes to preventing fraudulent encounters in your company, what safeguarding step would you...

What you ought to know about employment verification
Can you trust resumes completely? The answer is obvious: you cannot. While resumes are a...

How the BFSI sector is onboarding authentic employees
The ‘Banking, Financial Services, and Insurance (BFSI) industry play a crucial role in the sustainable...

Why are Tech-companies conducting background verifications?
While technology is revolutionizing background checks and making it easy -- doing background verification for...

Background checks in the retail sector
For retail companies, there is a unique dilemma that comes into play when hiring employees....

7 reasons why educational institutions must focus on background verification
Research shows that the education sector in India has one of the highest rates of...

Video KYC can be deployed on the cloud: RBI
The RBI has put an end to the ‘on-premise vs. cloud’ debate for video KYC...

IDfy is enabling investors’ digital onboarding at HDFC Securities
Mumbai July 8, 2021: IDfy, one of Asia’s leading Regulatory Technology companies, and HDFC Securities, one...

Not checking ‘Last Working Day’ in Employee Background Verifications can lead to IP and Data Theft
Many fraud candidates falsify their resumes, documents, qualifications, as well as the their designations and...

How HDFC Securities is improving conversions by reducing customer onboarding steps
Amidst the pandemic, more and more retail investors are dabbling into stock markets to make...

Negligent hiring of field force | Major risks for pharma companies
Negligent hiring of field force can pose some major risks to Big Pharma, as it...

Background verification process | Need for court records checks
A thorough employee background verification process underscores the need to carry out Court Record Checks...

RBI’s latest amendment to the Master Direction for KYC: How IDfy can help
On the 10th of May 2021, the Reserve Bank of India (RBI) released its latest...

3 things digital banks should consider when scaling globally
The digital banking industry has widely been considered the ‘future of all banking’. However, while...

How moneyHop is onboarding users in less than 2 minutes
moneyHop is one of India's leading neobanks that started operations in the middle of the...

Launch your own FASTag issuance solution today
FASTag issuance has soared in demand after the Government of India made it mandatory for all vehicles...

Education checks | Why are they so important in background verifications?
Do you know what happens when education checks are not a part of your employee...

Background verifications in healthcare | Why they are important
An IBEF survey indicates that the Indian Healthcare industry is set to reach US$ 372...

Employee onboarding in BPO | Challenges faced by the industry
India’s emergence as a global outsourcing hub sheds light on the contribution of the BPO...

Background verification challenges in insurance industry | Are they at risk
The Insurance industry plays a crucial role in the sustainable growth of an economy. But...

6 reasons why you should use V-CIP for re-KYC
On 9th January 2020, The Ministry of Finance with a view to leverage digital channels...

Court records checks | 3 major challenges faced by HR
Court records checks have revealed a 75% failure rate of candidates in some parts of...

How to detect identity theft fraud right at the application stage
Digital transformation and data breaches The digital transformation sweeping across the country has brought forth...

Background verification for gig workers: Struggling with Police Clearance Certificate (PCC) delays?
Background Verification for Gig Workers is an important aspect as the safety of your customers...

3 reasons why employment checks cannot be ignored in background verifications
How far can you trust resumes? After all, they do give a recruiter a fair...

4 onboarding tools to build a next-generation field force
Onboarding a next-generation field force involves a great deal of investment in time and resources....

Background verification issues | Are address verifications getting tougher?
Of all the background verification issues that organisations face in order to hire the right...

Medical representative onboarding challenges: 4 major issues human resources face
Medical Representatives are the face of Pharmaceutical companies. They are ‘medico marketeers’ and quite literally...

Gig Workforce Onboarding: Major Challenges for E-commerce
Covid19 has disrupted many established practices on its whirlwind tour of last year. From infecting...

Onboard 2 delivery executives every minute. Contactless.
Rapid hiring in the age of social distancing A few weeks into Lockdown, home delivery...

The best in gaming trust IDfy
There's a reason why the best companies in Gaming trust IDfy. IDfy handles a critical...

Big companies that paid a price for BGV fails
JPMorgan Chase The American multinational investment bank and financial services company is the world’s most...

IDfy’s Video KYC to reduce cost by 90%: Economic Times
An Economic Times article today has reported on IDfy's latest product release - the Video...

Real User: Shezad Sharif
Meet Shezad Sharif - a telecom entrepreneur from Delhi who now lives on the Himalayas....

Real Employee: Tara Panicker
Tara Panicker is an equity analyst by profession and an environmentalist by passion. In 2019,...

Real Partner: Tashi Lempo
Tashi Lempo lives in Leh, the capital of Ladakh. For years his summers were spent...

Real Customer: Rebecca Dias
Rebecca Dias works and lives on the Andaman Islands, an archipelago in the northeastern Indian...

New AML rules bring KYC to the digital age
Reading the new Prevention of Money Laundering Act (PMLA) of August 20, can feel a...

IDfy is verifying lakhs of IPL fans every week for Dream11
Supporting India’s Biggest Sports Game to provide a hassle-free user experience IDfy, a Mumbai-based world’s...

Offline Aadhaar XML heralds a digital-age process but stops short of making a complete shift : Wriju Ray
A guest column is written by Wriju Ray (co-founder, and CBO at IDfy) on Aadhaar...

Revenge in Oil : Yukti Sharma
I enjoy art and I was nervous for my session but Oh Boy! I did...

“I have a hammer. Where is the nail?” – Ashok Hariharan
We live in interesting times. People are predicting the end of jobs (through machines), the...

Sharing of OTP is where fraud end. But where do they begin?
Kaspersky has predicted that cyber fraud in India will increase going into 2021 owing to more users...

How Uber can avoid getting banned
Every time the driver starts a trip, the Uber app running on his smartphone can...

The rise of real money gaming in India
Our take on Gaming Regulations in India with insights from Nishith Desai Associates Only someone...