Manage Application Fraud
Technology has been the biggest agent of change in recent times, and more so, in the financial services sector. Be it financial transactions, customer experience, marketing of new products or channel distribution, digitization has permeated all departments of finance. With terms like 'digitization' and 'cashless transactions' on the rise, most physical and time-consuming transactions have been replaced by fast and convenient, real-time payments. But all this convenience does not come without the risk of opening new avenues for frauds. Activities such as phishing, application fraud, identity fraud, and card skimming are increasing. On the positive side, multiple security platforms and anti-fraud solutions are being devised to tackle the issue of frauds. IDENCHECK - Check PAN and Aadhaar for your customers - Improve KYC Verification and reduce frauds! IDENCHECK allows you and your branches to verify KYC details of your customers against many Government databases at a click of a button.