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 be verified for 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. PAN card details check can be done only by a registered entity of NSDL e-Governance Infrastructure Limited. 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 card 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. You have to 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. Only up to 5 PAN card details check can be done using this method.

File and Screen-Based PAN Verification

  1. You have to log into your NSDL account using your credentials.
  2. You have to 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. Only up to 1000 PAN card details check can be done using this method.

Software-based PAN Verification

In this method, your organisation should own software that interfaces with the online PAN Verification platform of NSDL. The response to your query about any PAN number verification is sent to your software.

PAN Verification by PAN Number

  1. You can also verify PAN on the Income Tax Department website.
  2. You have to log into the e-filing portal of the Income Tax Department website.
  3. You have to 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. The status of the PAN card will be displayed.

For PAN card verification, the entities have to pay NSDL a registration fee to get registered. It has to be renewed each and every year. 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 are provided with 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 card.
  • 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

  • It is authentic as the records are curated and maintained by the IT Department.
  • It is environmentally friendly as it is paperless.
  • It is 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 organisation and public sector organisations.
  • It is 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 details are sourced from the IT Department of India who had already verified the details of the customers. In order to leverage technology, PAN Verification Services are moving on digital platforms.

Harnessing Digital Finance Technology for Compliance

Digital Finance Technology | Compliance Management System

Harnessing Digital Finance Technology for Compliance

Are you often puzzled in implementing compliance successfully and precisely 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 digital finance technology that interfaces with regulatory compliance technology. It provides one-stop solution for all your compliance technology requirements. Digital transformation services help in enterprise digital transformation. They facilitate in building digital technology solution that eases performance of day-to-day activities of digital transformation companies. Financial services technology helps in implementing compliance in a more reliable fashion. This is achievable because compliance technology incorporates AI and ML to learn and analyse a large pool of pertinent data. Implementing data science in digital transformation services aids in coming up with innovative products and services by financial services technology establishments. Digital financial technology harnesses the power of data to provide effective compliance.

Listen to this edifying The Technology podcast by BizClick Media with Shub Nandi, CEO and Co-Founder of PiChain. In this podcast, they discuss on leveraging the power of data science through compliance technology powered by AI and ML to revolutionise sustainable compliance. 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 touch technology once considered to be fascinating has now become a nightmare due to COVID-19.

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

Digital finance 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. Regulatory 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.

Were you able to find out the answers for your questions? Are you clear about the 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 services technology. This will help you make a milestone decision in implementing digital finance technology 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, starting from proposal to authorization everything can be done online without requiring both the parties to meet in person? 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). Digital Signature Certificates (DSC) will be provided by MCA after verifying the authenticity of the DSC signer service provider. The esignature services are legally valid throughout India as it is approved by MCA in accordance with the Information Technology (IT) Act, 2000. It is safe and secure as digital signature services are offered through encryption technology over a secured network.

Understanding Digital Signature Technology

Digital signature technology is based on public-key cryptography. In the digital signature process, the message, document, and signature from the sender are encrypted using a private key. 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 a digital signature technology to make it fool-proof and user friendly. As AI and ML are employed 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 from anywhere and on any device connected to the internet. The receiver can verify it at their comfortable time and place through any device connected to the internet. 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. It is classified as Directors at one level; manager, secretary, CEO, and CFO at second level; and practising professional at third level. After registration is completed, MCA performs a role check for each one of them. MCA either approves or rejects the registration based on the information provided at the time of registration. If the registration is approved by MCA, DSC certificate is provided for the particular role.

MCA appoints Application Service Provider (ASP) and eSign Service Provider (ESP). MCA authorises ASP to integrate eSign service to their corporate application to obtain an electronic signature through their DSC signer service. ESP is the Certifying Authority (CA) that verifies the signature of all the parties involved in signing the document and approves their digital signature after verification with their original signature that was provided after 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 also a CA who is the 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, it is processed through ESP. The signatories will have to authorize their signature by entering the OTP sent to their registered mobile number on the application of ASP. These details are sent to ESP through the ASP application. The ESP then verifies the signature with the original signature at the time when DSC was obtained 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 accepted and are deemed as legal as wet signatures.
  3. The electronic documents signed with electronic signatures are accepted in equivalence with paper documents signed with wet signatures.

Application of DSC in eSign Aadhaar Services

The DSC provided by ESP can be utilized in signing the digital documents by verifying the KYC details of the signatories from the Aadhaar database. 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 have to authorize their transaction through the OTP received on their registered mobile number or by using biometrics. After the signatories authorize the transactions, 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 including business proposals, business agreements, purchase and lease of properties, KYC verification, and so on. It eases the onboarding of your customers, business partners, and employees.

Digital Technology and Compliance

Digital Technology Podcast | Regulatory Technology

Digital Technology and Compliance

Digital technology and regulatory compliance go hand-in-hand. With the advent of fintech innovation, fintech companies started to offer various digital finance services to their customers. Financial technology eases the job of the employees in the financial institutions and helps to provide the customers with a range of fintech services seamlessly. 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 becomes taxing and 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. It will also bring down the reputation of your organisation. Some regulations may also ban your businesses temporarily or permanently within their territory. Regulatory technology comes in handy to effectively and efficiently implement regulatory 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 from Techstringy hosts this podcast along with Shub Nandi, CEO and Co-Founder of PiChain in a quite interesting manner to discuss the role of digital technology in the Fintech and Regtech industries. Both of them amazingly bring out the roles and challenges of financial technology and digital financial services in offering digital financial services without interfacing it with regulatory technology.

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

Shub Nandi portrays a holistic approach to solve the problems faced by fintech companies in implementing digital technology. He places the challenges of the compliance officers across the table for analysis. He dissects them with utmost care. This brings out the importance of compliance officers in implementing regulatory compliance and curbing organized crime.

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 innovation will ease the life of your compliance officers that will make them more effective and efficient? Then, listen to the podcast to know more about augmented human enterprise in digital technology to 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 requires background verification services to verify the 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 as it involves meeting your customers in person to get their KYC documents verified. After the pandemic, this has become even more difficult due to various restrictions in place including the movement of people. To overcome such difficulties, one can avail 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 to digitally sign a document. An Aadhaar cardholder can avail these services from Aadhar verification service provider. The person can digitally sign their documents through Aadhar card verification solution. Authentication of the KYC documents through eSign, a service provided by the Unique Identification Authority of India (UIDAI), 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, the signature of the signer is verified by the eKYC services. After the verification, consent is received from the signer 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 can also be utilized for quick employee onboarding by e-verifying their documents. It completes 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 digital Aadhaar verification service. It also 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 used 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 application. It provides you with the flexibility to implement digital signature services. It can 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 signature at each and every stage with public keys. These are destroyed at your end after they are used to decrypt the user data, documents and signature of your customers.
  5. Privacy: The privacy of your customers and employees are maintained as per The IT Act, 2000, of India. This act 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 this can be obtained only after successful verification of their digital signature along with consent obtained from them.

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. You have to ask the end-user to digitally sign the required documents.
  2. You have to create the documents to be digitally signed by the end-user.
  3. You have to 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. You have to generate an input API to be used for 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 Aadhaar eKYC API specification.
  7. ESP has to call the Aadhaar eKYC API.
  8. ESP has to generate a new public key for that Aadhaar cardholder.
  9. ESP 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. ESP has to create an audit report that contains e-transaction details, timestamp and Aadhaar eKYC response.
  13. ESP has to transmit eSign API response to the eSign provider’s application after obtaining consent from the end-user. The consent of the end-user is collected 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 a 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 platforms 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 maintains integrity. It stores audit reports for future reference to trace if any malpractices were involved in signing the documents.
  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 Regtech firms harness technology?

Regtech Industry | Digital Financial Services

How do Regtech firms harness technology?

Regtech industry provides compliance management system solutions to financial institutions that offers digital financial services through AI-powered GRC systems (Governance, Risk and Compliance Management systems) coupled with AML screening software. 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 this podcast, they discuss with Shub Nandi, CEO and Co-Founder of PiChain, about the role of Regtech industry in harnessing technology to provide Sustainable Compliance Management Systems to financial institutions that offers digital financial services.

The podcast by the trio is fact and fun filled as they converse and analyse about the challenges faced by the risk and compliance officers of any financial institutions across the world in maintaining data privacy of their customers, curbing money laundering and implementing regulatory guidelines according to the geography of business operations. They also discuss various fintech solutions such as electronic signatures, digital onboarding solutions for both customers and businesses, fintech payment solutions, GRC systems and e-contracts. They also cover the roles and responsibilities of risk and compliance officers and the ways in which technology can augment cognitive compliance solutions to them to make their work effective, efficient and effortless which will improve their decision making.

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 digital financial services, we need to connect all the data points involving all the transactional data and behavioural data. This involves a great deal of effort in combining data science, big data, block chain and artificial intelligence together to develop a sustainable compliance management system. This helps in accurate prediction of risks and stringent compliance to regulatory processes.

Have you implemented effective and efficient GRC systems in your organisation from an Regtech industry expert? Do you want to know more about an AI-powered compliance management system 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 Regtech industry 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 and 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 procurement of conventional stamp papers, transit to stamp paper vendors. It also eliminates the cost to travel to the places of the parties to get them signed. It eliminates 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 at your comfort zone. Be it from your office, home, holiday spot; 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 computer or mobile device over internet. This eliminates the need to preserve, carry, and chances of losing the stamp paper as in 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 that has document viewer and can be connected to internet. This non judicial stamp paper can be purchased 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 a computer-based transaction that is done electronically to pay the required stamp duty to the state government. This eases the process to buy non judicial stamp paper online. After paying the required stamp duty at the Authorised Collection Centre (ACC), you will be given a Unique Transaction Reference (UTR) number. It is also known as UTR code. Using this code, you can purchase estamp certificate with a Unique Identification Number (UIN) from where you have made the payment. This Unique Identification Number (UIN) can be used for future references and 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 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: As you are provided with UIN, only you will be able to access your estamp certificate. Other details such as state, stamp duty type, certificate issue date are not disclosed. A 6-character alphanumeric string provided on it ensures security.
  3. Soil proof: It is soil proof unlike conventional stamp papers. It is not prone to any damage from fire, tearing, spilling of fluids or as well as losing its quality over time due to paper degradation.
  4. Authentic: It is highly authentic as each and every estamp paper is provided with Unique Identification Number (UIN). This number is electronically generated and does not match with any other e stamp paper.
  5. Highly secured: Our solution is highly secured as 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 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 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. All these can be done digitally from anywhere, anytime, without the need for transit and standing in queue.
  3. Legal validity: Our estamping system is legally valid across India. You can puchase non judicial stamp paper online with great ease.
  4. Differential payment: You can pay differential stamp duty alone through our estamping solution while 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 conventional signature that is used for identification, authentication, and verification. It is digital signing by the parties entering into an agreement using estamp papers. Our esignature process is highly secured and authentic as the esignatures of the parties involved are encrypted at the sender’s end. The sender has a private key which is encrypted and has 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.

Thus, our estamping solution along with esign services will fulfil all your needs. It provide you an awesome experience in buying stamp paper online. It will facilitate your business & civil documentation that will be deemed valid only if they are registered with the respective state government.

Risk & Compliance Management System for Enterprises

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

Risk & Compliance Management System for Enterprises

Compliance is a must-have for every company, especially financial organizations. Risk & compliance management systems act as the backbone for the smooth running of operations in an organization. This very reason brings up the need for having a proper GRC technology in place. There are various Regtech companies who are innovating various compliance management solutions to solve the compliance problems. 

Compliance 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 are providing 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 compliance and what we can expect from it 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 risk & compliance management system is changing the industry that is otherwise dominated by human interaction and work.

The podcast starts with why compliance management solutions are becoming unavoidable. With huge numbers of frauds and threats generated every day, manual compliance is becoming less and 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? If not, what are the pre and post actions one should be aware of? All of these questions are answered in this episode which provides clear guidance as well.

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, this information pumped podcast is a worth watch for everyone in this field. Follow this podcast to know the updates in the risk & compliance management system. 

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 as compared to since its induction. Needless to say, the COVID-19 pandemic has accelerated up the process of digitization. Thus, helping this industry to provide easy access to digital banking services. The change was a part of the multiple transformations of the core banking system of the industry. The wave of digital transformation in banking hit each and every institution. To stay afloat during the lockdown it came up with varied conversational banking services.

Listen to an informative session by the International Business Podcast which covers the journey of technology in the core banking platforms. Even though hesitant at first, this industry had eventually opened up it’s working for technology to take over. Starting from identity theft, customer onboarding 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 solutions are built by startups. 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 digital transformation in banking 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 system learns from customer actions and analyzes better. Blockchain is another disruptive technology that is seeing a lot of use in transaction validation especially because of its immutability characteristic.

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. Regtech solutions are helping to manage regulations and policies automatically. The decrease of human intervention in the security system and core banking platforms have 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 in conversational banking. 

Sustainable Compliance Management System

Compliance Management Solutions | AML Compliance Solutions | Regulatory Technology

Sustainable Compliance Management 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 to adapt to the fast-changing regulations. This slowly transforming AML compliance system is headed towards achieving the sustainable goal of compliance risk management. Deploying disruptive technologies like Artificial Intelligence, Blockchain, and Big Data, organizations are easily managing various financial, governance, and compliance risks.

Covering the role of technology in the financial industry, the Global Risk Community is bringing forward a podcast that answers all the questions related to managing compliance risk.

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 Regtech solutions bringing about the desired change. He walks us through all the positives and negative impacts of having technology back up this industry.

Lawsuits for compliance failure is a very common sight these days as many institutions are not able to complement proper AML compliance system. With a good number of very well known companies falling victim to it, the world is now facing a hard time in compliance risk management. The ever-changing set of compliance regulations adds up to the existing problems driving the need to have up-to-date automated compliance software. It requires a good amount of work to not just follow the compliance but to also stay up to date with the latest changes. 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 and internet banking and onboarding digitally, the number of frauds increased drastically. For an organization to keep track of all these and the even more changing of regulations and digital transfer, it was becoming mandatory to have robust compliance management software.

Are the statistics predicted to improve towards the AML compliance system with the abolishment of manual compliance? Will money and people be safer if organizations establish a secured compliance risk management system? Follow the podcast to know the answers and gain incomparable knowledge on this subject.

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