ECS Helps NeSL Digitise and Execute Non-registrable Contracts and Agreements in Tamil Nadu

Continuing its winning streak of developing world-class digital platforms that facilitate ‘Ease of Doing Business’ and enhance the lives of discerning Indian citizens, ECS recently helped National E-Governance Services Ltd. (NeSL) – a Union Government Company, to develop a fully-digital platform to enable paperless execution of non-registrable agreements and digital payment of Stamp Duty in the the state of Tamil Nadu.

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New Development: IRDAI To Permit Insurance Companies To Use Video KYC Soon

Earlier this year, the Reserve Bank of India (RBI) had permitted banks and financial institutions to deploy Video Customer Identification Process (V-CIP) to digitally onboard new customers.

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Contactless Customer Acquisition: The “New Normal” In The Post-COVID19 World

As social distancing becomes the new norm amidst the raging Coronavirus (COVID-19) pandemic, organisations across the globe are focusing on contactless technologies to reduce in-person meetings with their customers.

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Frequently Asked Questions (FAQs) on V-CIP

Ever since we reached out to you all with our Video-based Customer Identification Process (V-CIP) solution, we have been inundated with a number of queries on the nitty gritties of V-CIP.

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PMLA Fifth Amendment Rules, 2019 – Making e-KYC More Easier

In a welcome relief to Aadhaar holders and Aadhaar-based e-KYC Authenticating Entities alike, the Finance Ministry on Wednesday, 13^th November 2019 amended the Prevention of Money Laundering Act (PMLA) to make the e-KYC process easier.

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Decoding the implications of ‘Prevention of Money Laundering (Maintenance of Records) Third Amendment Rules, 2019’

To eliminate all ambiguities surrounding ‘Digital KYC’, the Department of Revenue working under the aegis of the Union Government of India’s Ministry of Finance recently released a notification on 19^th August 2019 titled ‘Prevention of Money Laundering (Maintenance of Records) Third Amendment Rules, 2019.’

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Introducing Aadhaar Data Masking

Following the Hon. Supreme Court’s Aadhaar verdict in September last year that disallowed private organisations from conducting Aadhaar-based e-KYC authentication, many organisations switched back to manual, paper-based KYC in order to comply with the SC judgment.

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Decoding the ‘Aadhaar and Other Laws (Amendment) Ordinance, 2019’

In a landmark move, the Hon. President of India Shri Ram Nath Kovind promulgated the ‘Aadhaar and Other Laws (Amendment) Ordinance, 2019’ on Saturday, 2^nd March 2019. Through this ordinance, three important acts stay amended as on date – The Aadhaar Act, 2016, The Telegraph Act, 1885 and the Prevention of Money Laundering (PMLA) Act, 2002.

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Offline KYC XML v/s eAadhaar

As seen in our earlier blog posts on Aadhaar-based Offline KYC (here and here), most of you must be aware that UIDAI supports the initiation and completion of Offline KYC transactions through two instruments – eAadhaar and Offline KYC XML.

While enterprises can choose any of these two instruments to initiate and complete Offline KYC transactions, our experience has shown that Offline KYC XML offers more advantages than eAadhaar.

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UIDAI simplifies Aadhaar Paperless Offline e-KYC

As seen in our previous post, to protect Aadhaar-based e-KYC Authentication Agencies (AUAs, KUAs and Sub-AUAs) from the adverse effects of the Hon. Supreme Court’s Aadhaar verdict, UIDAI promptly rolled out a mechanism for Aadhaar-based Offline KYC and made it available to public / private enterprises for ensuring seamless e-KYC of the end-users through a paperless and automated process.

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