Understanding OCR in Banking: Definition and Applications
What is OCR full form in Banking? OCR is the process of using technology to read characters from printed or handwritten text included inside digital images of actual documents, such scanned paper ...
Biometric Verification in Fintech: The Future of Secure Online Transactions
Financial institutions (FIs) or Fintechs have historically been hotspots for fraudulent activity. The sector is a popular target for identity theft and online banking fraud, as well as financial crimes such as ...
How do UPI apps make money?
We require UPI Applications and online wallets for quick and simple transactions. Only UPI apps or online wallets can make it convenient to conduct transactions without cash or a card when we ...
Top 5 UPI Apps in India for Fast and Secure Digital Transactions
The rise of digital payments in India has been nothing short of remarkable. In just a few years, we have gone from a cash-dominated economy to one where digital payments are becoming ...
SEBI’s Regulations on E-Wallet KYC: What You Need to Know
Banks and fintech have been ordered by SEBI to ensure that investors complete transactions for mutual funds using e-wallets that comply with KYC requirements. The start date for this is May 1, ...
Bank Account Verification: The Benefits of Using Bank Account Verification APIs
When a consumer opens a bank account, the bank goes through a procedure called bank account verification. It enables all required checks to be made on the account user and the source ...
The Ultimate Guide to SaaS User Onboarding
User onboarding, in particular for SaaS organisations, may raise the bar for your product. More sales may result straight from onboarding. So, encouraging new users to stay is essential. Additionally, the best ...
Embracing Biometric Identity Verification: A Look at Belgium and Kuwait Telecoms
The country’s telecom authority has given Telenet, Belgium’s largest cable broadband service provider, permission to utilise facial biometrics for remote identity verification. According to the Belgian Institute for Postal Services and Telecommunications ...
The Benefits and Risks of Using Government Databases for ID Verification in Fraud Prevention
In today’s digital world, identity theft and fraud have become increasingly common occurrences. It is no secret that fraudsters are getting more creative, making it more challenging for businesses and individuals to ...
Secure Your Online Transactions with Identity Verification
In today’s digital age, online transactions have become a part of our daily lives. From banking and shopping to social media and email, we rely heavily on the internet to carry out ...
