PiChain

How online PAN Verification facilitates quick onboarding?

PAN Verification | PAN Card Details Check | Verify PAN Card

How does online PAN Verification Services Facilitates Quick Onboarding?

Who does not wish for quick and smooth onboarding of their customers and employees? There are various documents required to verify the authenticity of customers and employees. PAN card verification is one of them. It involves three methods viz screen-based, file and screen-based and software-based verification. Only a registered entity of NSDL e-Governance Infrastructure Limited can run PAN card details checks. Income Tax Department (ITD) has authorized NSDL e-Gov to start online PAN verification services to allow the authorized entities to verify PAN. This has greatly helped the organisations, employees and customers because of easiness, quickness and safeness in the process. The system helps to verify PAN cards online making KYC verification secure, authentic and tamper-proof. You can even perform PAN card details check online.

Online KYC verification of documents for onboarding is gaining popularity after the onset of the pandemic. The fear of infection and difficulty in travelling due to lock-down has made organisations resort to eKYC verification. 

Types of PAN Card Verification

Screen-Based PAN Verification

  1. You have to log into your NSDL account using your credentials.
  2. Enter the PAN card details in their respective field and submit them.
  3. The response to your query will be displayed on the screen.
  4. Using this method, you can conduct only 5 PAN card details checks.

File and Screen-Based PAN Verification

  1. Log in to your NSDL account using your credentials.
  2. Provide PAN card details in a file in a prescribed format as suggested by NSDL.
  3. You will receive a file containing the PAN card details on your account within 24 hours.
  4. You can view it by logging into your account after 24 hours.
  5. If the file format is not correct, you will get a notification on your account within 24 hours.
  6. You can download the file from your account within 15 days.
  7. Using this method, you can conduct only 1000 PAN card details checks.

Software-based PAN Verification

In this method, your organisation should own software that interfaces with the online PAN Verification platform of NSDL. Your system will receive a response to your query about any PAN number verification within a few minutes. 

PAN Verification by PAN Number

  1. You can also verify PAN on the Income Tax Department website.
  2. Log in to the e-filing portal of the Income Tax Department website.
  3. Click the “Verify Your PAN Details” link on the left side of the page.
  4. “Verify Your PAN” page will appear. On this page, you have to fill in all the required details like name, date of birth, PAN number, status such as Individual, Hindu Undivided Family (HUF), company, etc.
  5. You have to enter the captcha 
  6. This step will display the status of the PAN card.

For PAN card verification, the entities have to pay NSDL a registration fee to get registered. This involves an annual renewal of your registration. The registration fee is 14,160 INR inclusive of GST. If you verify PAN using the e-filing portal of the Income Tax Department, then there are no charges. But you cannot verify the PAN number in bulk as you do it on NSDL.

Features of Online PAN Card Verification

  • Easy: It is much easy to do PAN card details check online because you need not go in person to IT Department to get it verified.
  • Safe: It is safe because you have an account and credentials to access the NSDL website or e-filing portal of the IT Department.
  • Fast: It is fast because you can save transit time to IT Department and wait in the queue to verify the PAN number.
  • Legal: It is legally valid as IT Department has authorized NSDL to provide an online platform to verify PAN cards.
  • Secure: It is secure because only authorized personnel can access the NSDL or e-filing portal of the IT Department for PAN card verification.

Benefits of Online PAN Verification

  • Authentic as the records are curated and maintained by the IT Department.
  • Environmentally friendly as it is paperless.
  • Trouble-free as you need not transit from one place to another to verify the PAN number.
  • It is suitable for government, non-governmental organisations, private sector organisations and public sector organisations.
  • Economical as you can cut down on transit cost of your employees to IT Department.
  • It also helps in reducing your manpower.

Conclusion

Online PAN number verification is a quite effective and efficient way of verifying PAN card details for KYC. It is faster and helps you to onboard your customers and employee in a short span of time. It is highly reliable as the  IT Department of India provides the details which are already verified. In order to leverage technology, PAN Verification Services are moving on digital platforms.

Harnessing Financial Management Technology for Compliance

Digital Finance Technology | Compliance Management System

Harnessing Financial Management Technology for Compliance

Are you often puzzled in implementing compliance successfully due to its variations based on geography? Are you struggling to keep up with the updates on the compliance regulation? Is your compliance budget overshooting your compliance capital? Then, you should delve further to know about financial management technology that interfaces with compliance regulation technology. It provides one-stop solution for all your compliance technology requirements. Digital financial services help in enterprise digital transformation. They facilitate in building digital financial technology solution that eases performance of day-to-day activities of companies. Digital technology solution for banks help in implementing compliance in a more reliable fashion. 

This compliance laws technology incorporates AI and ML to learn and analyse a large pool of pertinent data. Implementing data science in digital banking transformation aids in coming up with innovative products and services. Digital technology solution for banks harnesses the power of data to provide effective compliance. The rising use of digital tech solution in finance has created a complete new world of banking innovation.

Listen to this edifying The Technology podcast by BizClick Media with Shub Nandi, CEO and Co-Founder of PiChain. The discussion revolves around leveraging the power of data science through compliance regulation technology powered by AI and ML. They also discuss the challenges faced by financial services technology providers during the pandemic and lockdown. The podcast beautifully points out the way in which the digital financial services are now considered to be fascinating due to COVID-19.

They both discuss about various alternative technologies such as voice-based systems, digital onboarding for banks and regulatory compliance technology in detail. The podcast relates the gap in compliance score, which leads to increased risk and the challenges faced by the compliance officers in using traditional systems. Thus, highlights the surging tole of compliance solution for banks. This podcast also unfurls the advantages of digital transformation in financial services in connecting various data points to help in fruitfully executing compliance strategies.

Financial Management technology is essential to build highly-secured systems and applications to make contactless services like digital onboarding, video KYC, digital signature, voice-based services, and digital KYC safe, secure, and successful. The banking compliance technology generates reports by collecting and collating data from more than 10 systems in an effortless manner. This report is highly reliable and precise as they are generated by connecting various data points of the fraudulent transactions including the transactional behaviour of the fraudster. It also helps in implementing risks and compliance effectively and efficiently. Thus, it helps in reducing your compliance cost, increasing credibility of your organisation, and meeting your compliance needs within your budget.

Are you clear about how digital finance solutions offered by digital transformation services interfaced with compliance technology to prevent and solve structured scams? If not, then why are you waiting, hit that play button to gain knowledge provided in the podcast to clarify your doubts. If yes, even then plunge into the podcast by hitting the play button and enjoy more insights about financial fintech services. This will help you make a milestone decision in implementing financial technology solutions in your organisation to harness its advantages and enjoy the benefits.

Digital Signature Technology: Digitally Signing Documents

Digital Signature Technology | E Sign Solution | DSC Signer

Digital Signature Technology: Digitally Signing Documents

Ever thought if it is possible to carry out everything from proposal to authorization online? Wondered if document verification and signing would be hassle-free and seamless? Yes, it is possible! You heard it right and loud. It is possible through digital signature technology from a digital signature provider. The digital signature process makes electronic document signing simple and impeccable. To obtain a digital signature, digital signature companies have to register for DSC registration services with the Ministry of Corporate Affairs (MCA). The MCA will provide Digital Signature Certificates (DSC) after verifying the authenticity of the DSC signer service provider. The esignature services are legally valid throughout India. They are approved by MCA under the Information Technology (IT) Act, 2000. The digital signature services use encrypted technology over a secured network making them safe and secure. 

Understanding Digital Signature Technology

Digital signature technology is based on public-key cryptography. The digital signature process uses a private key to encrypt the message, document, and signature from the sender. The message, document, and signature are then decrypted by the receiver using the public key of the sender. This makes esignature services secure by ensuring confidentiality, truthfulness, validation, and non-denial.
 
The digital signature provider combines robust AI and ML algorithm with digital signature technology. This makes it fool-proof and user friendly. Deployment of AI and ML technology is prominent in signing, sending, and verifying the documents and signature. It makes the life of both the sender and receiver easier. The sender can sign and send the document anytime, anywhere and on any device with the internet. The receiver can verify it at a convenient time and place through any device. This makes the digital signature process seamless and hassle-free.
 

Roles and Responsibilities of MCA in DSC Registration Services

Ministry of Corporate Affairs provides DSC certificate (Digital Signature Certificate) registration services based on the designation and rank held in the office by a person. The registration process is different for different category and ranks of the signatory. The classification is as follows:
1. Directors at one level;
2. manager, secretary, CEO, and CFO at second level; and
3. practising professional at third level.
 
After the completion of registration, MCA performs a role check for each one of them. MCA either approves or rejects the registration based on the information provided. If the registration is approved by MCA, it issues a DSC certificate for the particular role.
 
MCA appoints Application Service Provider (ASP) and eSign Service Provider (ESP). MCA authorises ASP to integrate eSign service with their corporate application. This enables the DSC signer service provider to generate an electronic signature. ESP is the Certifying Authority (CA) that verifies the signature of all the parties involved in signing the document. It approves their digital signature after verification with their original signature provided at the time of registration with MCA.
 
MCA levies digital signature cost for each and every Digital Signature Certificate provided based on their role at the time of registration. MCA has authorized the ESP who is also the CA to fix the digital signature price range based on the class and role of the signatory. The digital signature price also differs from individuals to organisations. The digital signature price range also varies based on its period of validity.
 

Interfacing Application Service Provider with Digital Signature Provider

The digital signature technology provided by ASP has to interface their application with an ESP. This makes them certified authorities and thereafter known as digital signature provider. The ASP has to interface with ESP to verify the digital signature on the documents. Whenever your customers or concerned parties sign a document, the ESP processes it. The signatories will have to authorize their signature by entering the OTP sent to their registered mobile number on the application of ASP. The ASP application sends the details to ESP. The ESP then verifies the signature with the original signature provided while obtaining DSC and confirms it with the ASP. The ASP then verifies the submitted documents and appends the signature to the documents. This process makes electronic document signing much faster, simpler, and easier.
 

Lawfulness of eSignature

 According to the Information Technology (IT) Act, 2000:
 
1. eSignature is valid throughout India.
2. Electronic signatures are acceptablw and are deemed as legal as wet signatures.
3. The electronic documents signed with electronic signatures are equivalent to documents signed with wet signatures.
 

Application of DSC in eSign Aadhaar Services

By verifying the KYC details of the signatories from the Aadhaar database, users can use the DSC. To avail of this service, the signatories must have a valid Aadhaar card. The signatories must enter their Aadhaar number on the application of the ASP. After selecting the checkbox, they can sign their documents using eSign Aadhaar Services. They also agree that the CA can verify their digital signature with the Aadhaar database. The CA can share the information required for KYC verification. 
 
After submitting the details, they receive an OTP on their registered mobile number and then they can authorize the transaction. After authorization, the ASP sends them to CA for verification. The CA verifies the digital signature of the signatories and approves it if it is valid. After approval from CA, the ASP appends the signature to the digital document after verifying the document.
 

Benefits of Digital Signature Technology

1. It is safe, secure, reliable, and convenient.
2. It saves time and resources.
3. It is environment friendly as it is paperless.
 
Key Takeaways
Digital signature technology makes electronic document signing safe, secure, easy, and simple. You can apply it for signing any type of documents. The range of docs for digital signing includes business proposals, agreements, buy and lease of properties, KYC verification, and so on. It eases the onboarding of your customers, business partners, and employees.

Financial Technology Solutions and Compliance

Digital Technology Podcast | Regulatory Technology

Financial Technology Solutions and Compliance

Financial technology solutions and regulatory compliance go hand-in-hand. With the advent of embedded finance solution, there is a sudden growth in financial technology companies. They offer various digital finance services and regtech solution for banks and financial institutions. It eases the job of the employees and provides the customers with a range of fintech solution. The customers are extremely satisfied as they can avail the services online over any device that are connected to the internet. As technology grows by leaps and bounds, so does the organised crime in fintech payments. High-tech organised crimes aim at swindling money from your customers, illegal transactions using your customers’ credentials, and money laundering. This poses a threat to the regulatory compliance of your organisation.

Whenever your organisation fails to comply with regulatory compliance, it has to compensate the customers and bear the legal proceedings. This will lead to financial losses to your organisation and also brings down its reputation. Some regulations may also ban your businesses temporarily or permanently within their territory. Regulatory technology comes in handy to effectively and efficiently implement banking automation solution for compliance. It provides an alert on any abnormal behavior in transactions whenever they occur. It also prepares various reports on organised crime by extensive data analysis, and effective utilization of regulatory capital.

Paul Stringfellow, host of Techstringy along with Shub Nandi, CEO and Co-Founder of PiChain discusses the role of financial technology solutions. Both of them amazingly bring out the roles and challenges in robotic banking solution. They unveil how digital financial services enhances the capabilities of regulatory technology.

In this highly-informative podcast, they both examine organised crimes and blockers in implementing regulatory technology and fintech in banking. They also delve into its root cause, ­ black box attitude, and digital footprint and its importance. They bring out the role of the Regtech solution for banks developed by AI and ML-based software solution coupled with blockchain. This along with data science, meticulously implements fintech solution for regulatory compliance and offers secured digital financial services.

Shub Nandi portrays a holistic approach to solve the problems faced by institutions in implementing fin technology services. He places the challenges of the compliance officers across the table for analysis and dissects them with utmost care. This highlights the role of compliance officers in curbing organized crime and implementing fintech services effectively. Fintech banking and financial services have made financial inclusion as their top priority. Hence, financial technology companies are inclining towards development of innovative banking platform automation tools. 

To make compliance sustainable, financial technology has to be interfaced with regulatory technology to trace the digital footprints. This is essential to gauge the behaviour of the culprits involved in the malicious transactions. Effective implementation of regulatory compliance helps to improve the regulatory score of any financial institution. It also helps to efficiently use of regulatory capital allocated by the financial institution. PiChain has developed such systems that are powered by AI and ML. These systems improves its intelligence and performance over a period of time from its inception into the financial technology.

Have you implemented regulatory technology into your digital finance services? Do you wonder how fintech lending platforms will ease the operations? How digital banking solutions make your compliance officers more effective and efficient? Then, listen to the podcast to know more about augmented human enterprise. Discover how financial technology solutions offer seamless fintech services.

Aadhaar Verification API Services for a Quick Customer Onboarding

Aadhaar Verification | Verify Aadhar | Aadhaar Number Verification | Identity Verification Services

Aadhaar Verification API Services for a Quick Customer Onboarding

All businesses require background verification services for verifying details like aadhar mobile verification of the customers. This involves a lot of paperwork and verifying them with their originals. The process is tedious, time-consuming and involves meeting the customers in person to get their KYC documents verified. After the pandemic, this has become even more difficult due to the restrictions imposed on the movement of people. To overcome such difficulties, one can avail of online Aadhaar verification services with eSign facility to verify aadhaar card details. The eSign facility is an online electronic signature capability that helps an Aadhaar cardholder digitally sign a document. An Aadhaar cardholder can avail of services of Aadhar verification service providers and sign documents through their Aadhar card verification solution. Authentication of the KYC documents through eSign (a UIDAI service), is easy, simple and authentic. 

Aadhar verification service provider uses an API to integrate eSign service provided by UIDAI verification provider along with their identity verification services. This helps to verify the Aadhar card of the customer by their biometrics or entering the OTP received on their registered mobile number. After the signing of the documents, eKYC services verify the signature of the signer. Post verification, the signer gives his consent while signing the documents. Later, an electronic signature will be ascribed on the submitted documents by eSign services of NSDL e-Governance Infrastructure Limited. This method is faster than others like digital signatures using Digital Signature Certificates (DSC) and e-Signature. It provides a stellar experience to the customers in signing and e-verifying their KYC documents for onboarding. This also helps in employee onboarding by e-verifying their documents and completing their joining formalities seamlessly in a face-paced manner.

Authenticity, Integrity and Validity of Aadhaar Verification API Services

The Information Technology (IT) Act, 2000 provides:

  1. Legal sanctity to electronic signatures throughout India.
  2. Acceptance of the electronic signatures on par with the wet signatures helps to treat the electronically signed documents on par with the wet signed documents.
  3. Basic legal and administrative framework for e-commerce and promotes its growth by creating trust in electronically signed documents.
  4. The Controller of Certifying Authorities (CCA) with rights to license and regulate the functioning of the Certifying Authorities such as eKYC services of UIDAI.
  5. UIDAI the rights to share the demographic data of your customer and their photograph that is electronically signed and encrypted with you.

Features of Aadhar Card Verification Solution

  1. Easy and simple: You can e verify Aadhaar number of your customers and employees in an easy and secure way. It can be done anywhere and anytime on any computerized device through a digital Aadhaar verification service. This makes the life of your customers and employees easier. They can digitally sign their documents anywhere and anytime on any computerized device through your digital background verification services.
  2. Legally valid: It is legally valid throughout India as The IT Act, 2000, of India provides legal sanctity to electronic signatures throughout India. This solution is prevalent all over India to verify aadhar number.
  3. Flexibility to implement: The eSign services of NSDL e-Gov integrates seamlessly with most of the Aadhar verification service provider’s applications. It provides you with the flexibility to implement digital signature services and even verify Aadhaar card number easily over the internet. It is also easier for the customers to upload the documents with a few clicks. Then they can electronically sign them by entering the OTP sent by UIDAI to their registered mobile number or using biometrics in less than a few minutes.
  4. Secured: It encrypts user data, documents and signatures at each and every stage with public keys. These are destroyed at your end after they decrypt the user data, documents and signature of your customers.
  5. Privacy: The IT Act, 2000 governs the privacy of your users which entitles UIDAI to endorse the signature of the signer on their documents. It provides you with the demographic details of the customers and employees. But for this, the successful verification of their digital signature and their consent is necessary.

Processes Involved in Aadhaar Verification

It is a series of steps involving Application Service Provider (ASP), eSign Service Provider (ESP) and Certifying Authority (CA) to provide background verification services. UIDAI is ESP, NSDL e-Gov is CA and your organisation is ASP.

The UIDAI Aadhar verification process involves the following to verify Aadhar number:
  1. Ask the end-user to digitally sign the required documents.
  2. Create the documents to be digitally signed by the end-user.
  3. Collect the Aadhar number and authentication features such as biometrics (fingerprint or cornea scan) or OTP sent to the end user’s registered mobile number.
  4. Generate an input API for using eSign.
  5. You have to interface your Aadhaar verification service application with the eSign using API.
  6. ESP has to validate the input from the interfacing application and then produce the Aadhaar eKYC input based on the Aadhaar eKYC API specification.
  7. The Esign Service Provider has to call the Aadhaar eKYC API.
  8. ESP has to generate a new public key for that Aadhaar cardholder.
  9. The Service Provider has to send the new public key and eKYC information to the CA to certify the documents.
  10. CA has to provide Digital Signature Certificate and send it to ESP based on the information received from ESP.
  11. ESP has to sign the input documents of the end-user using the private key.
  12. S/He has to create an audit report that contains e-transaction details, timestamp and Aadhaar eKYC response.
  13. The ESP has to transmit eSign API response to the eSign provider’s application after obtaining consent from the end-user. The end-user gives his/her consent at the time of signing the document using their biometrics or OTP received on their registered mobile number. This also helps to verify Aadhar number. It also displays a checkbox of their acceptance to provide their demographic information and photo along with digital signature on their documents.
  14. You have to attach the signature to the required documents after you receive the signature from the ESP.

Benefits of Aadhar Card Verification Solution

  1. Aadhaar verification API is paperless which saves time, money and the environment to verify aadhaar card.
  2. It is hassle-free because you need not reserve your precious office space to store paper documents. You can store the documents signed through the Aadhaar verification service on any cloud platform or Digital Locker.
  3. It is authentic as the KYC details are electronically verified using biometrics or OTP sent to the end user’s registered mobile number.
  4. Online background verification services maintain integrity and stores audit reports for future reference to trace for malpractices.
  5. It is suitable for individuals, businesses, government organisations and non-governmental organisations.

Conclusion

Aadhar verification service provides a comprehensive solution to your KYC verification needs electronically by making the process easy, simple and secure. This helps your organisation in a quick customer onboarding. You can also use the identity verification services to verify Aadhaar card details of your employees for a quick employee onboarding.

How do Regulatory Compliance Services harness technology?

Regtech Industry | Digital Financial Services

How do Regulatory Compliance Services harness technology?

Regulatory compliance services assists in AML transaction monitoring. Regtech firms transaction monitoring solution for risk compliance management to financial institutions offering digital onboarding services. The compliance management services are now developed on AI-powered GRC systems. 

When coupled with AML screening software, GRC security solution automates every step in transaction monitoring. Any financial institution should afford fintech solutions to their customers to ease all the processes to provide seamless services and solutions to their customers in order to boost their business. This has become even more vital and essential since the COVID19 pandemic had hit the world where there are a lot of restrictions for people to move around. They are also reluctant to move around due to fear of inclusion by COVID19 and not due to FOMO towards COVID19.

Listen to an informative and interesting podcast, Serious Privacy, from TrustArc hosted by Paul Breitbarth and K Royal. In the discussion with Shub Nandi, CEO & Co-Founder of PiChain, they unfold the role of compliance management services. It highlights how firms harnessing technology can develop Sustainable solution for risk compliance management.

The podcast by the trio is fact and fun filled as they converse and analyse about the challenges faced in risk and compliance solution. Financial institutions across the world need to maintain data privacy of their customers, curbing money laundering and implementing regulatory guidelines according to the geography of business operations. The discussion also covers various processes in GRC product such as electronic signatures, digital onboarding services (customers and businesses), e-contracts and more. 

Risk and compliance officers are assigned significant roles and responsibilities in implementing transaction monitoring solution. They are trained in implementing governance risk & compliance software in effective and efficient ways. They also learn how technology can augment cognitive risk and compliance management services. This helps them to make their work effortless and also improve their decision making ability.

The GRC systems provided by Regtech industry to financial institutions that provides fintech solutions help them in attaining sustainable compliance by increasing their compliance confidence score, using the regulatory capital efficiently and reducing the cost of compliance. To crack any organised crime involving financial industry, we need to connect all the data points involving all the transactional and behavioural data. This involves a great deal of effort in combining data science, big data, blockchain and AI together to develop a software for compliance management. This helps in accurate prediction of risks and stringent compliance to regulatory processes.

Have you implemented effective and efficient risk and compliance solution in your organisation from an Regtech industry expert? Do you want to know more about an AI-powered compliance management software that can help you in implementing and complying with the regulatory processes?

Listen to the podcast to know more details on organized crimes involved in money laundering, the importance of compliance to regulatory processes, the reasons for compliance still being a challenge and the advantages of involving a Regtech industry expert in implementing compliance and regulatory processes in your organisation. It also provides an overview about the commitment of GRC platform providers in handling real-time data of customers while developing an AI-powered sustainable compliance management system.

Estamping Solution — A Convenient Way to Pay Stamp Duty

Estamping Solution | eStamp paper | Digital Stamp Solutions

Estamping Solution — A Convenient Way to Pay Stamp Duty

Are you still running from pillar to post, waiting in a long queue or wasting your valuable time to buy conventional non judicial stamp papers? Now, you can make estamp duty payment online by availing estamping solution provided by PiChain. Digital stamping solutions clubbed with esign services help you to buy e stamp paper or non judicial stamp paper online. With this, you can get your documents signed electronically without the need to meet the concerned parties in person. Our estamp registration system helps you to save a lot of transit and waiting time to meet the concerned parties in person. This assumes great importance especially during this pandemic when transit from one place to another is quite difficult. Thus, this helps you to reduce the overall turnaround time for your business and other legal documentation.

Our Estamping Solution

Our estamp services reduce the costs involved in the procurement of conventional stamp papers, transit to stamp paper vendors. It eliminates the travel cost and courier charges incurred in sending the stamp papers to the concerned parties before and after signing them. Our estamping solution provides you with the facility to do all these in your comfort zone; be it from your office, home or holiday spot. You can carry out this activity anywhere, anytime and any day you can avail­ 24 x 7 x 365 days. The digital stamping solutions also help all the parties involved, to view the e stamp paper on any device over the internet. This eliminates the need to preserve, carry, and chances of losing the stamp paper as in the case of conventional stamp paper. 

Estamping system along with eSign services is a complete one-stop solution for all your documentation needs. The non judicial stamp is tamper-proof, fool-proof, soil-proof. It is easily accessible from anywhere, anytime, and on any device with an internet connection that has a document viewer. One can buy non judicial stamp paper at one’s convenience.

Digital Stamp Paper Solution

Digital stamping solutions that have become the norm of the day to avail estamp paper through estamp registration system. Estamping solution is an electronic computer-based transaction to pay the required stamp duty to the state government. Thus, it eases the process to buy non judicial stamp paper online. After paying the required stamp duty at the Authorised Collection Centre (ACC), you will receive a Unique Transaction Reference (UTR) number, also known as the UTR code. With this, you can buy estamp certificate with a Unique Identification Number (UIN) from where you have made the payment. You can even use this UIN for future references or to access your estamp certificate online. It is very beneficial if you are running your business across India. You can pay the differential stamp duties of the states wherever you are establishing your business through digital stamping services.

Features of Estamping Solution

  1. Easy accessibility: You can access our digital stamping solution anytime, anywhere, from any device through the internet. You can make estamp duty payment and buy your estamp certificate. You can also use our digital stamping services to access your e stamp papers anytime, & anywhere.
  2. Tamper proof: With UIN, only you will be able to access your estamp certificate & other details such as state, certificate issue date will not disclosed. A 6-character alphanumeric string provided on it ensures security.
  3. Soil proof: It is soil proof, unlike conventional stamp papers and not prone to any damage from fire, tearing, spilling of fluids. It also eliminates the fear of losing its quality over time due to paper degradation.
  4. Authentic: It is highly authentic as each and every estamp paper has a Unique Identification Number (UIN). This number is electronically generated and does not match with any other e stamp paper.
  5. Highly secured: We adhere to the issuance, operations, and maintenance processes governed by the Central Record Keeping Agency (CRA).
  6. User friendly: It avoids the hassles of handling a bulk amount of conventional stamp papers that are prone to damage. They are difficult to circulate and distribute, and involves a cumbersome process in typing, stamping, and affixing seals.

Benefits of Estamping Solution

  1. Cost-effective: By using our digital stamping services, you can save a significant amount of money otherwise spend on middlemen. You can save money on the purchase of conventional stamp papers, the transit, circulation, distribution, and printing cost.
  2. Faster processing: Our estamping solution is much faster than the conventional stamp paper in terms of buying, writing, signing, and registering. You can carry out all these digitally from anywhere, anytime, without the need for transit and standing in a queue.
  3. Legal validity: Our estamping system is legally valid across India and you can purchase the non judicial stamp paper online with great ease.
  4. Differential payment: You can pay differential stamp duty through our estamping solution. It is beneficial when you are expanding your business operations in more than one state within India.
  5. Rectification of underpayment: In case you have underpaid your stamp duty, you can pay the difference amount through our digital stamping solutions. You need not go through the cumbersome process involved in using conventional stamp paper.

Availability of Estamp Paper

Estamp paper is currently operational in the following states and union territories. They are Gujarat, Karnataka, Delhi, Assam, Tamil Nadu, Rajasthan, Himachal Pradesh, Uttarakhand, Uttar Pradesh, Chhattisgarh, Punjab, Chandigarh, Odisha, Andhra Pradesh, Bihar, Tripura, Ladakh, Dadra and Nagar Haveli, Daman and Diu, Puducherry, Andaman and Nicobar, and Jammu and Kashmir.

Esign and its Benefits

Esign is a digital form of a conventional signature used for identification, authentication, and verification. It is a digital signing by the parties entering into an agreement using estamp papers. Our esignature process is highly secured and authentic as it involves encrypted esignatures of the parties at the sender’s end. The sender has an encrypted private key and hash functions. The receiver then decrypts the sender’s hash using the sender’s public key and also generates its own hash version of the message. If both the plain texts match the document, it is then considered to be reliable.

Our estamping solution with esign services will fulfil all your needs thus providing a seamless experience in buying stamp paper online. It will facilitate your business & civil documentation which are valid only if registered with the respective state government.

Risk & Compliance Management System for Enterprises

Risk & Compliance Management System | Regtech Solutions | Automated Compliance | GRC Software

Regulatory Compliance Solution for Enterprises

Compliance is a must-have for every company, especially financial organizations. Regulatory compliance solution ensures smooth running of operations in an organization. This very reason brings up the need for using GRC tools with compliance management software. There are various Regtech companies who are innovating governance risk and compliance tools and solving complex compliance problems. The GRC solutions play a critical role in driving the organization towards success.

Compliance and governance risk management is not a one-time process but it has to be updated on a continuous basis. It is here to stay as its necessity is increasing day by day. With the number of frauds and cybercrimes increasing exponentially, it becomes incessantly necessary to have strong compliance policies and rules. Regtech companies provide GRC software and automated compliance solutions to sustain and hold the integrity of an organization.

With the stage set on this thought, The Tech Blog Writer brings to you an amazing podcast covering governance risk and  compliance tools. It explain what new regulatory audit tools we can expect in the future. Neil Hughes leads this interactive podcast with Shub Nandi, CEO and Co-Founder of PiChain. These podcast series show the journey of budding entrepreneurs who leverage technology to change the face of the finance industry. It follows up with how the compliance management tools are changing the industry that is otherwise dominated by human interaction and work.

The podcast starts with why compliance management software is becoming unavoidable. With huge numbers of frauds and threats generated every day, manual compliance is becoming less effective with time. Questions like when is the right time to switch to automated finance? Is your company ready for implementing the GRC platform? Should we implement GRC security tools? What are the pre and post actions one should be aware of for compliance risk assessment? All of these questions are answered in this episode which provides clear guidance as well.

Shub also highlights the efforts put by firms providing regulatory compliance services. As one of the few prominent innovators exploring the viability of GRC tools, he is experienced in developing compliance software to cater the growing need. These compliance monitoring tools are proving their worth in the global market and put a robust check on illegal activities.

Are you doing things correctly or are you in danger of falling back? Educate yourself on various compliance management solutions with the help of this podcast. Debunking myths and exposing facts of compliance & GRC solutions, this information pumped podcast is a worth watch for everyone in this field. Follow this podcast to know the recent updates in the regulatory compliance solutions.  

Digital Banking Services – Transforming Core Banking Systems

Digital Banking Technology | The International Business | Compliance Management Services

Digital Banking Services - Transforming Core Banking Systems

The Banking and Finance industry has seen more changes and transformations in the last decade due to regtech solution. Needless to say, the COVID-19 pandemic has accelerated up the process of digitization. Thus, easing the access to digital banking services while having a robust compliance management system. The change was a part of the multiple transformations of the core banking system. The wave of digital transformation in banking hit each and every institution. To stay afloat during the lockdown it came up with varied conversational core banking solutions.

Listen to an informative session by the International Business Podcast which covers the journey of technology in the core banking system. Even though hesitant at first, this industry had eventually opened up it’s working for banking technology to take over. Starting from identity theft, customer onboarding process to Anti Money Laundering, every action that earlier used to happen manually, now happens with the help of technology now.

Leonardo Marra converses with Shub Nandi, CEO and Co-Founder of PiChain to know how Regtech solution is an evolving client onboarding process. How did the digital banking services provided by these tech firms help to find the ideal balance between the world of finance and technology? How is the banking tech solution leveraged to grow and expand faster?

The podcast covers how using Artificial Intelligence in Banking and Neural Networks, the whole business is transforming into an intelligent framework. The core banking solutions learn from customer actions, analyzes and provide better customer onboarding services. Blockchain is another disruptive technology that is seeing a lot of use in transaction validation and compliance management system. Its immutability characteristic makes it an important part of core banking software.

Artificial Intelligence is providing undisputable help to the fraud detection system associated with the finance industry. Starting from detailed customer verification to digital banking services, it has proved to be a much better solution than manual compliance management. AI in banking is helping to manage regulations and policies automatically. The decrease of human intervention in the security system and automated client onboarding solution has created a robust framework for these organizations and institutions.

Is your organization making the best use of an automated core banking system? Are you equipped to work in the finance industry which is now backed by technology? Listen to this podcast to find out what is to be expected with this major change brought by AI in financial services. 

Sustainable Regulatory Compliance System

Compliance Management Solutions | AML Compliance Solutions | Regulatory Technology

Sustainable Regulatory Compliance System

Can compliance be made sustainable? This question has been going around for a long time. Compliance management systems, being an unprecedented part of every organization, have undergone several technological revisions. The current developments in the regulatory compliance system are making it adaptive to the fast-changing regulations. This slowly transforming AML compliance technology is headed towards achieving the goal of managing compliance risks. Deploying disruptive technologies like AI, Blockchain, and Big Data; organizations are easily able to implement KYC compliance technology. This, in turn, assists in managing various financial, governance, and compliance risks.

The Global Risk Community is bringing forward a podcast that answers all the questions related to compliance management solution for banks. Covering the role of technology in AML regulatory compliance, the podcast discusses its importance for the financial industry. 

Hosted by Boris Agranovich, this show addresses all trending issues and is one of the most sought after fintech blogs. In this podcast, Boris interacts with  Shub Nandi, CEO and Co-Founder of PiChain to know his take on the revolutionary compliance management system and technology. Having a good amount of experience in this field, Shub guides the listeners to the current statute of the banking industry and BSA AML compliance. He walks us through all the positives and negative impacts of deploying software for compliance risk in this industry.

Lawsuits for compliance failure is a very common sight these days as many institutions are not able to successfully implement AML compliance technology. With a good number of very well known companies falling victim to it, the world is now facing a hard time in managing compliance risks. The ever-changing set of regulations adds up to the existing problems driving the need to avail regulatory auditing services. It also requires up-to-date automated GRC frameworks in place. The KYC compliance technology not just follow the compliance changes but to also automatically updates them. This is where the idea of automation took birth and thus sustainable compliance came into existence.

The finance industry is the backbone of the economy. Being so, it was necessary for it to be up and running even in the dire times of the COVID-19 pandemic. This pandemic sped up the digital evolution that the industry has been slowly undergoing. With customers moving to mobile/internet banking and digital onboarding, the number of frauds increased drastically and hence GRC compliance solution gained traction. For an organization to keep track of the changing regulations and digital transfer, it was becoming mandatory to have robust regulatory compliance system.

Are the statistics predicted to improve towards the Anti Money Laundering compliance by abolishing manual compliance? Will money and people be safer if organizations establish a secured compliance risk management solution? Follow the podcast to know if GRC system for financial institutions are really helpful.

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