How the new OTP-based CKYC download impacts onboarding, compliance, and customer experience across financial institutions Introduction In April 2025, the Central KYC Records Registry (CKYCRR) introduced a crucial upgrade to the CKYC framework: mandatory OTP-based consent for downloading individual KYC … Read More
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Safeguarding Identities- The Role of Digital KYC in Preventing Identity Theft
Understanding Identity Theft Identity theft occurs when someone steals personal information such as Aadhaar card numbers, PAN details, or credit card information to make online purchases, access financial accounts, open new bank accounts, or commit other types of fraud. Identity … Read More
Video KYC Regulations in India and Master Directions from RBI
In recent years, the Reserve Bank of India (RBI) has emphasized adopting digital solutions to streamline banking processes and enhance customer convenience. A pivotal initiative in this direction is the introduction of Video KYC (Know Your Customer), which enables banks … Read More
Overcoming Challenges in the Customer Onboarding Process with Video KYC
KYC compliance presents a dual challenge for financial institutions. While customers demand quick onboarding with minimal checks and documentation, regulators impose strict penalties for any inconsistencies in identity verification and risk assessments. To address this, banks, NBFCs, and fintech companies … Read More
Lessons from Data Breaches- Safeguarding Customer Data and Trust in the Digital Age
Air India Data Breach: A Wake-Up Call A few years ago, a significant data breach exposed the personal information of 4.5 million Air India passengers due to a cyberattack on the airline’s data processor. The compromised data included passengers’ names, … Read More
Building Seamless Video Call Solutions with WebRTC- Key Concepts and Technical Insights
WebRTC (Web Real-Time Communication) is a cutting-edge, open-source technology that enables seamless real-time peer-to-peer audio, video, and data communication directly within web and mobile applications. By eliminating the need for plugins or additional software, WebRTC simplifies development while offering a … Read More
How to enable Fraud Detection and Enhance User Onboarding Security Leveraging AI and ML
Opening an account, whether a savings account or a loan account, a new insurance or a new SIP, onboarding journeys are being crunched to minutes from days and weeks. This has brought immense power to the end user of banking … Read More
How AAmaze can truly help you leverage the power of Account Aggregator Ecosystem?
The Account Aggregator framework is undoubtedly one of the most breakthrough fintech innovations in recent times. Engineered to scale up financial access for a large population like India’s, it is fast gaining traction among users. As of May 2024, ~70 … Read More
Financial inclusion using AI and the power it brings!
In an era where technology is the harbinger of change, Artificial Intelligence (AI) emerges as a force that holds the promise of transforming not just financial services but the very nature of financial inclusion. As we embark on this journey … Read More
What is digital loan, safer market, and a brighter future? Here is RBI’s bold move to protect borrowers
Hidden fees, predatory practices, and confusing information have plagued the digital loan app market. But fear not, borrowers! The Reserve Bank of India (RBI) has just taken a bold step to rewrite the rules and protect your financial future. Imagine … Read More
