AuthBridge’s Digital KYC Onboarding Process Services

Social media background verification has the benefits of providing added trust, security and authenticity. Having a verified social media account adds further credibility. This is particularly important for brands, celebrities or individuals who have a huge following. Social media verification helps prevent frauds, wrong representation or claims and ensures the reliability of information. Yet, it is easy to dress up or fake personal information on social media channels, which make it difficult to verify such information.

Social media verification refers to the process of using social media for conducting background checks. It enables the building of trust and ensures the authenticity of the social media account. Social media verification has the benefits of providing added trust, security and authenticity. It helps prevent frauds, wrong representation or claims and ensures the reliability of information.

Social media verification helps build the trust of your followers and adds an extra level of credibility for your brands and accounts. This is particularly important for public figures. It can also help prevent fraud in the case of celebrities, whose accounts may be impersonated by account hijackers. In addition, as it becomes harder to fake social media profiles, social media verification will become increasingly important for a range of professions, from emergency services to banking.

Social media verification is the process of verifying a social media account to establish its legitimacy and ensure that the person or company represented acts in good faith. The purpose of having a social media verification is to protect individuals, companies and brands from identity theft, scams, fake news and impersonation. Social media verification enables the building of trust and ensures the authenticity of the social media account. Social media verification has the benefits of providing added trust, security and authenticity. A verified social media account adds further credibility. This is particularly important for brands, celebrities or individuals who have a huge following. Social media verification helps prevent frauds, wrong representation or claims and ensures the reliability of information.

Traditional KYC is a document-intensive, highly redundant and non-scalable process. Equally cumbersome for both the customer and the conducting organization, it can become a smokescreen for money laundering cases. Understanding the limitations of this process, the Finance Ministry came up with amendments in the Prevention of Money-laundering Act (PMLA), 2002, to ease the KYC norms for the banking and Telecom industry. With the introduction of new set of KYC guidelines, the ministry has simplified the process of capturing customer details, a step bound to aid other industries too, where KYC is a mandatory onboarding step.AuthBridge’s e-KYC solution offers a streamlined onboarding process that includes capturing customer information in real-time, and ICR-based OCR, to ensure that all needed details are captured. It saves time and is considerably faster than traditional KYC processes, which are often done manually. The current challenges in the traditional KYC onboarding process include redundancy, frequently lost or stolen documents, and lack of authenticity of credentials provided by customers. Our innovative offerings can help solve this pain point for organizations, by strengthening their onboarding processes.