Celusion Technologies
Celusion is a trusted Partner for Digital Identity Verification Platform for Banks and provides solutions such as Video KYC, Loan Origination and Unified Account Opening Software. Visit: www.celusion.com
Aadhaar Offline KYC Solution. Celusion Technologies: Offering ‘Unified Account Opening, Digital Lending System, Sales Force Automation, and Video KYC’ solutions to BFSI Sector. OutlookMarch 12, 2021 15:39 ISTCelusion Technologies: Offering ‘Unified Account Opening, Digital Lending System, Sales Force Automation, and Video KYC’ solutions to BFSI Sector outlookindia.com (Eds: Disclaimer: The following content is a press release.
PTI takes no editorial responsibility for the same.) Founded in 2004 and based in Mumbai, Celusion Technologies is a software company that develops Enterprise Applications with cutting-edge technology. Sticking to its passion for technology, the company loves to tackle a challenge with its new-age technology while creating a seamless and secure experience for its clientele in the BFSI sector. Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds.
More from Outlook Magazine. Praveen Jain's answer to How is Credit Bureau software Solutions useful? - Quora. Digital Products for Ease of Doing Business : Celusion Technologies. The digital disruption is well and truly here.
The fintech sector is booming and innovations that make financial transactions simpler and more efficient are being churned out every day. There is a huge underserved market that is waiting for these products and financial entities would do well to adapt to the new digital technology at the earliest or suffer the risk of perishing. Celusion Technologies, established in 2004, is at the forefront of this fintech revolution and playing an important role in developing fintech innovations that make doing business easier. Let us look at some of the digital products that Celusion Technologies offers and what they can do for your business.
Video KYC — Where Technology makes Compliance Easy. What is Know-Your-Customer (KYC)?
Whenever an individual buys a financial product from a regulated entity, it is important to know and confirm the customer details. This is a mandatory requirement of the Central Bank and has to be complied with. The process usually involves filling up a separate form with personal details and submitting photocopies of the identification documents. The RBI decision to allow Video KYC for completion of Know Your Customer regulations in January 2020 heralded a new way of doing business.
Fintech companies immediately swung into action and designed software that could comply with all the regulatory requirements within minutes over a live video call. Celusion Technologies designed a very comprehensive Video KYC Platform with multiple features. Praveen Jain's answer to How is the video KYC solution helping the financial sector? - Quora. Praveen Jain's answer to Can we integrate DigiLocker APIs in an Android app or any other related API, for document storage? - Quora.
Praveen Jain's answer to Is this the right time for the banks to implement video KYC? - Quora. Praveen Jain's answer to How does RBI's latest rule video KYC solution impact the insurance sectors? - Quora. Praveen Jain's answer to How banks/NBFC can provide home loan on digital lending platform without physical check? - Quora. Praveen Jain's answer to What is a 'Fintech' company and what does it do? - Quora.
Praveen Jain's answer to What is the significance of the video KYC introduced recently by the Reserve Bank of India? - Quora. Digital disruption: Is India ready for digital lending? Covid-19 changed the way humans and businesses behaved, and some of the transformations forced by the pandemic may become the new normal.
The nation-wide lockdown and social distancing norms imposed sudden restrictions. Business enterprises had to find a new way to operate. If a customer in a small town needed a loan, where would he go? Similarly, how would lenders find new borrowers since footfalls had reduced? This is the sweet spot that fintech companies have rushed to fill in, armed with the RBI guidelines that allowed Video KYC to complete the Know Your Customer requirement. The digital lending landscape has also evolved dramatically. This change started with the Government’s idea of India Stack in 2009. The year 2016 saw the launch of the Unified Payments Interface by the National Payments Corporation of India.
The best thing about the Aadhaar card is that it has given every citizen an identity card as well as a digital signature that is used to sign documents. Unified Account Opening Software — A Game Changer in Banking and Finance. Unified Account Opening Software — A Game Changer in Banking and Finance.
Digital Lending Platform — Lending moves with the times. Digital Lending has been making life easier for both lenders and borrowers in recent times.
Especially during the Covid19 pandemic when social distancing was the norm and it was difficult to do business as usual, the digital lending platform along with other fintech innovations like Unified Account Opening and Video KYC software made life easier for both borrowers and lenders. Customers had the freedom to select the loan product of their choice at the time and place of their convenience while lenders had the opportunity to reach new borrowers and widen their customer base. How Fintech Companies are Benefiting by using Video KYC platform.
Who are Fintech Companies?
Financial technology, also known as fintech, is a nascent economic sector consisting of companies that use technology to bring more efficiency to financial services. Normally they are startups that disrupt the status quo by providing faster and more efficient solutions than the traditional alternatives. There are around 2174 fintech startups in India. Benefits of using Digital Lending Platform. Ways to optimize your Account opening digitally using software. If you could open your bank account, Demat or trading account in 15 minutes sitting in your pajamas at home while sipping coffee, wouldn’t you love it?
That’s the kind of user experience that customers are looking for.