There have been several reports of counterfeit passports. But what does a document verification for passport reveal? A passport is regarded as one of the most reliable sources of personal information. Passport verification checks the candidate’s personal information on the passport verification documents. It does not validate fraudulent passport issues, but just tampering with personal information to verify passport number and the passport MRZ code.

Due to the growing acceptance of distance learning, digital courses, and most recently, the COVID-19 epidemic, online education has seen a significant increase. Online student identity verification has become more popular as a quick and secure method of verifying student IDs and a cost-effective approach to onboarding new students and employees. The rapidly disappearing manual and paper-based student verification procedures are neither scalable nor practical for educational institutions.

You cannot start walking on the road with your eyes blindfolded, you cannot get into a lifetime relationship by not knowing the person/family inside out. Wedding – once considered to be a family affair in India where parents used to decide and choose partners for their kids within their social circle. But nowadays the situation is different, youth is finding a partner in their friends, colleagues, clients, and sometimes strangers also whom they know through matrimonial sites.

Employee Onboarding effectiveness defines whether your employee will be engaged or disengaged at work, depending on the impression created on them. Poorly managed onboarding can lead to abandonment, especially for youngsters. According to an SHRM article: India’s emergence as a global outsourcing hub sheds light on the contribution of the BPO industry in terms of development and innovation.

Telcos are part of the vital infrastructure that serves as a forerunner for the rest of the industry as their digital environments change. Many major telecommunications companies have large retail infrastructures that are purpose-built to onboard new customers in shops, but the retail industry has been harmed over the years by security concerns and the demand for personal involvement at every stage of onboarding. This influences their capacity to effectively grow their user base.

The increasing use of cell phones has automatically led to unimaginable height of sharing of personal information online. Most routine actions, from providing information over the phone to opening a bank account to placing food orders, may now be accomplished from the convenience of your own home. While the telecom sector has enabled remote procedures, it has also hastened the spread of identity fraud and financial schemes.

Identity fraud is the unauthorised use of a person’s personal information by another person to commit a crime or deceive or defraud that person or a third party in order to take advantage of the pleasures that come with that synthetic identity. The majority of identity fraud is performed for financial gains, such as gaining access to a victim’s credit card, bank accounts, or loan accounts.

According to a survey, due to the impact of the rupee depreciation and lower overall expenditure, financial institutions are attempting to optimise their finances as much as possible, and 83% of banks globally are focused their efforts on cost optimization.

Today’s corporations are more digitized than ever before. Banks, financial institutions, and other corporations rely on remote video verification for client authentication, compliance screening and digital onboarding. It enables onboarding your customers more conveniently and helps secure the platform. With online fraud on the rise globally, businesses are highly targeted usually in the signup process.

Historically, the hospitality industry in India did not devote considerable resources to fraud prevention, but this is changing. The scope of fraud in the hospitality industry is becoming more popular, and the Indian hospitality sector must implement tactics and technologies to mitigate these risks.

MSB services have come to the rescue of many, who can’t access banks immediately and want to transfer money or carry out trade exchanges. So, it surely provides time and place convenience. We all know MSB services include cash acceptance for a transaction or currency exchange, global remittance services, check cashing outlets, and facilitating payments between payer and provider without the performing KYC verification.

In India, there have been several Multi-Level-Marketing (MLM) frauds. Investing in stock shares and commodities, paid per click, investing in the IT sector, or investing in infrastructure have all resulted in scams. Aaryarup/ATCR, Unipay, Stock guru, TVI Express, and others swindle over Rs 10,000 crores. Multi-level Marketing is a sales strategy by some companies to sell directly to the customers.

The digital world has undergone a paradigm shift as a result of the worldwide pandemic, which has changed the way broadcasters deliver content to their users. The digital media business, OTT streaming and OTT communications have surely transformed everyone’s leisure time with the enormous rise in viewership and online users in recent years.

Controlling information leakage is one of the top digital ID advantages for people’s privacy. It is also known as “selective disclosure,” and it is something that all digital ID adapters regard to be critical for user privacy. However, a closer examination reveals that such a system might result in a digital trail of where and when a license is displayed, possibly allowing governments or corporations to follow people or their transactions.