Blogs | Learn about latest technologies in fintech field

How PiXL Video KYC assist banks during COVID -19 pandemic?

As COVID -19 has punched globally, we are on the way to break the chain of Corona virus spreading.

How easier can bank compliance with CKYC RBI Guidelines?

The boom in technology hasn’t touched some areas of Fin-tech organizations.

C-KYC with PiXL Technology

As a normal KYC procedure, all the finance-related institutions used to record the data of every new customer who opened an account with them.

PiXL-Video KYC to an Amendment to Master Direction on KYC

PixL.AI helps the banks in achieving their aim of getting the Video KYC done through PiXL Video KYC.

PiXL Aadhaar Card Masker

There were directions from the Reserve bank of India regarding the KYC entries.

How PiXL Technology automates banking sectors?

Banks and other traditional financial service providers have had to respond with an array of digitization and innovation initiatives.

How Digital KYC Solutions Assist Banks in 2022

In 2021, banks were at the forefront of the pandemic-accelerated digital transformation. This increased customer expectations, which in turn necessitated the need for banks to transform their business models.

How KYC Practices Can Assist in Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT)?

KYC is a process that financial institutions use to identify and verify the identities of their customers. This verification can help banks fight money laundering and terrorist financing. By identifying suspicious activities, KYC can help banks prevent criminals from using their accounts to launder money or finance terrorism.

Purpose of KYC in Banks and Financial Services

Banks and other financial institutions have strong KYC procedures in place to ensure that their clients are not involved in money laundering or the financing of criminal activities.

How do digital KYC services prevent identity theft?

The customer's documents must be uploaded to the bank's system in digital KYC. The bank has its automated software with the help of which the documents get scanned and the data automatically enters into the desired fields in the system.

OCR for Document Verification

With an increasing number of technology-driven products and services being introduced to the market, the overall customer experience and engagement with companies has changed dramatically. More than ever, today’s customers are looking for intuitive applications and processes that can be completed within a few clicks. All digitally, of course.

Modernizing Insurance with Insurtech: A Look into the Future

In recent years, technology has revolutionized the way we live our daily lives. From the way we communicate to the way we shop, and even the way we drive, technology has drastically changed the way we function.

How Artificial Intelligence Delivers Bank-Level Assistance

AI is rapidly transforming the banking industry. With its ability to process vast amounts of data and make complex decisions, AI is delivering bank-level assistance that was once the exclusive domain of human experts.

Invoice Data Extraction: An Efficient way of Invoice Processing Using OCR.

How Generative AI Restructure the Electronic Bank Guarantee Process

An Electronic bank guarantee document is a digital record or electronic document that represents the electronic bank guarantee issued by a financial institution. It contains all the essential details and terms of the guarantee, including the beneficiary's information, the specified amount, the conditions under which the guarantee can be invoked, and the expiry date.

Enhancing Passport Verification in India with GenAI-Powered API Solution

Passports are considered ideal for identity verification in India for several compelling reasons. First, they are government-issued and require thorough background checks, making them reliable for identity verification. Passports have lots of information about a person, like their name, photo, birthdate, and unique passport number, which makes it easy to confirm their identity. They also have biometric data, like facial recognition features, that can be used for advanced identity verification.

The Importance of re KYC: Understanding the Basics and Significance

Re-KYC, or "Re-Know Your Customer," is the process by which your KYC information is reviewed and updated at regular intervals. Think of it as an essential health checkup for your financial identity. Its purpose is to ensure that the information your bank has on file is not only accurate but also current, aligning with the latest regulatory requirements and reflecting any changes in your personal profile.

Understanding OKYC | The Benefits, Processes & 2024 Outlook

OKYC, short for Offline Know Your Customer, revolutionizes the way banks and financial institutions confirm the identity of their customers by using the power of Aadhaar. Aadhaar, a distinct 12-digit identification number, is administered by the Unique Identification Authority of India (UIDAI) and is allocated to every Indian resident.

NHAI Takes a Step Forward in Digital Transformation with Acceptance of Electronic Bank Guarantees (e-BG)

The National Highways Authority of India (NHAI) is making waves in its digital transformation journey with the announcement of its decision to embrace electronic bank guarantees (e-BGs). This strategic move not only reflects NHAI's commitment to modernization but also promises to streamline and enhance the ease of doing business with this influential organization.

Understanding ICR | 2024 Trends And Overview

ICR is useful for organizations that handle extensive paperwork daily, including those in finance, legal, and healthcare sectors. In these industries, efficient document management is critical for maintaining precise consumer records, demanding impeccable data accuracy. ICR emerges as a straightforward solution to error reduction, simultaneously optimizing time and human resource utilization.

Resume Parsing: How Gen-ai is Transforming the Hiring Process

In the realm of modern technology, Gen-ai, a cutting-edge iteration of artificial intelligence, has emerged as a powerful force transforming numerous sectors, including the intricate world of recruitment and hiring processes.

Understanding OCR & ICR in Healthcare | Automating Complex Medical Records in One Single API

Imagine transforming the pages of a dusty old book or a handwritten medical record into digital text effortlessly. That's precisely what Optical Character Recognition (OCR) and Intelligent Character Recognition (ICR) technologies do

What is Deduplication | Understanding the Dedupe tool

Deduplication involves the identification and removal of duplicate or redundant data within a dataset. This practice is especially valuable in scenarios where data replication occurs, such as during backups, file storage, or within databases.

What is Aadhaar Authentication Api

Aadhaar Authentication API is a web-based interface that enables applications to verify the identity of individuals by sending a request to the UIDAI's Aadhaar Authentication Server. The request contains the individual's Aadhaar number and other relevant information, such as their demographics and biometrics.

What is CRM Dedupe: A Masterclass in Data Precision

As businesses accumulate vast volumes of data, the challenge lies in ensuring the accuracy and reliability of this information. CRM deduplication—a strategic process that goes beyond the surface, offering a sophisticated solution to enhance data precision and elevate your business to new heights.

Understanding Redacted Aadhaar Number: A Comprehensive Guide

In recent years, the Indian government has implemented the use of Aadhaar numbers for various services and transactions. However, with the increasing concerns over privacy and security, the concept of redacted Aadhaar number has emerged. In this guide, we will explain what a redacted Aadhaar number is and why it is important.