Aadhaar Card Verification - Everything You Need to Know

Aadhaar Card Verification – Everything You Need to Know

Identifying fake and ghost identities is one of the major challenges organizations face these days. Is the authenticity of the third parties or business partners verified before they are being onboarded? Are there any frauds or risks associated with them? In an era where third-party risks are in the news daily and frauds seem to be rising annually, every organization needs Aadhaar card verification to validate the genuineness of the parties and reduce the risk of compliance failures.

While onboarding individuals or business entities on the platform, Aadhaar card verification ensures that the entity which is being onboarded is not fraudulent and is an individual who s/he claims to be. This applies across use cases like bank account opening, lending journeys, real money gaming withdrawals, third-party onboarding, insurance journeys, and many more. 

It is one of the key practices that organizations use before onboarding the following:

1) Partner Onboarding (like delivery partners, or gig workers)

2) Customer Onboarding (for KYC and AML in case of financial institutions)

3) Supplier Onboarding, Merchant & Vendor Onboarding (across different industries)

4) Real money gaming players (for secured online money transactions)

5) Employee verification

 

The How of Aadhaar Card Verification

The Aadhaar Card number serves as proof of identity and address across India. It is a 12-digit unique identification number allotted by the Unique Identification Authority of India (UIDAI). The number is unique as it is linked to the individual biometrics and it cannot be duplicated. By conducting Aadhaar Card verification, organizations can track fake and ghost identities and take preventive actions right at the initial stages of onboarding. What’s better than Aadhaar number verification is instant online Aadhaar verification using Aadhaar card verification API.

Aadhaar-based identification enables organizations to eliminate duplicates or fake identities and ensure that only genuine people are associating with crucial business functions. Organizations can contact the central Unique Identification database from anywhere in the country to authenticate a beneficiary’s identity by availing of authentication services.

Udyam Aadhaar Verification

Make your onboarding process safer, faster, and smarter by verifying the legitimacy of the MSME merchants on your platform. With AuthBridge’s Udyam verification API, you can now verify and onboard merchants at scale without worrying about being associated with a fraudulent identity (as they are authorized by the Ministry of MSME).

With Udyam Aadhaar number as input, you will receive multiple data points that help you with the following information.

  • Name of the merchant
  • Registered business address
  • Activity the merchant is involved in
  • Period of validity of the Udyam Aadhaar number
  • Type of merchant (micro/ small/ medium)
  • Social category\

Online Aadhaar Verification during COVID

When COVID-19 hit the world, different types of fraud started surfacing such as impersonation, identity thefts, fake documents, account takeovers, etc. As physical identity verification processes became less efficient during those times, online Aadhaar verification emerged as a saviour. It came with remote, faster and more accurate ways to detect identity fraud. Methods like digital ID document verification, biometric tests, liveness detection, and more have given organisations an edge over fraudsters.

AuthBridge is India’s largest authentication and background verification company. If you are interested in Aadhaar card verification or any other verification solutions for your business, share your contact details below.

How to check Dual Employment and Employee Moonlighting

How to check Dual Employment and Employee Moonlighting

There’s been a gigantic 4X jump in the number of investigations since 2019 where employees were found engaging in dual employment at the same time. Dual employment also known as moonlighting is about pursuing more than one job at a time. Employees have been found working in multiple roles with two organisations simultaneously, causing risks and concerns around data security, confidentiality, and revenue losses. In the new world of work, professional two-timing a.k.a employee moonlighting is on the rise. This spike is a result of most employees working from home during the COVID pandemic and continuing with a hybrid model later. 

The moonlighting employees lead double lives under the work from home cover. An ever-growing need to reverify employees using innovative authentication technology is inevitable.

 

How AuthBridge helped a client to check dual employment?

Very recently, an IT giant hiring gig workers approached us for another background verification of its existing workers. Due to the bulk employment of workers with the client, managing and tracking their manpower was error-prone, leading to several labor law non-compliances going unidentified. Our dual employment check solution helped here. While running another round of background checks, we instantly detected anomalies of the same employees working in two organizations at the same time, which is also considered dual employment. 

 

What are the consequences of dual employment?

  1. Employees using the same laptop for moonlighting, providing the same bank account for freelancing money
  2. Many junior employees are taking up freelancing without relevant skillsets
  3. Employees sharing sensitive data with rivals
  4. Compromise in quality of work

 

AuthBridge Advantage: AI-Powered Dual Employment Check

At AuthBridge, we try to navigate through complex moonlighting challenges to build the right mix of strategy and execution and tackle dual employment issues. We have a robust, AI backed solution aimed at making the verification process simple and seamless for our clients and their HR team. 

  1. End-to-end tech platform to ensure easy workflows and reduced data losses 
  2. Use of an efficient system for the verification process in a faster turnaround time (TAT)
  3. Use of new-age technology to reduce manual efforts and costs

 

Our Methodology – Dual Employment Check via EPFO UAN

Our dual employment check via UAN offers a simple, effective, and non-intrusive way of verifying the employment records of an existing employee. Our approach to Dual Employment Check involves an efficient methodology that yields accurate results in the fastest turnaround time.  

AuthBridge’s tech-enabled process is data-driven and accurate. In every sector, employees get the benefits of the Provident Fund and Employer’s Provident Fund. Using the UAN number, ex-employer details are obtained, and verifications get initiated and closed as per the information provided there. After receiving the UAN numbers from the client, we verify that there is no other employment in the current tenure of the client and if there is any dual employment, the case is flagged.

Below are the employment details looked up as a part of our UAN verification process:
– Candidate Name
– Father’s/Husband’s name
– Name of Organization
– Date of Joining (DOJ)
– Date of Exit (DOE)

 

AuthBridge’s Technology: Key Benefits

Get faster, contactless verification with benefits like:

  1. Simple dashboard & API integrations with existing workflows
  2. Real-time background checks, saving unproductive time
  3. Customizable workflows and processes as per client and industry
  4. Cost-efficient, database-driven solutions 
  5. Technology-driven processes, with no manual intervention
  6. Digital data security as per industry compliances 
  7. Comprehensive reports for quick hiring decisions 

With 16+ years of experience in employee background screening and onboarding solutions. We’ve been building trust for a wide spectrum of clients including Fortune 500 companies. We consistently work to realize our vision of creating a digital trust ecosystem with the help of agile, robust proprietary databases, APIs, etc.

AuthBridge is one of the largest Background Verification Companies in India. To know more about our moonlighting check and other solutions, email us at communication@authbridge.com or fill up your details on our contact us page.

How to do Video KYC Complete Process Guide

How to do Video KYC: Complete Process Guide

KYC (Know Your Customer) has always been an integral part of the due diligence process to validate the customer’s identity and find out if there are any risks or frauds. With the advent of time, Video KYC is now the latest way to carry out the KYC process in real time.

 

What is Video KYC?

As the name suggests, Video KYC is done through an online video call assisted by a KYC expert for real-time verification of customers, vendors, suppliers, and other third parties. It is a solution that ensures contactless and real-time identity verification and helps businesses stay compliant with the changing regulatory landscape.

In 2020, when the world tackled the COVID-19 crisis, businesses across industries face various challenges in striking a balance between security and seamless customer onboarding. Traditional verification, we can also say manual verification, was surrounded by multiple challenges associated with complexity, high TAT, and operational costs. This resulted in organizations joining the digital onboarding bandwagon and opting for video KYC to simplify verifications at scale, reduce operational costs, and enable contactless customer onboarding.

 

Video KYC vs Traditional KYC – Which is better?

Earlier, organizations used to have a manual CIP – Customer Identification Program to verify customer identity at the time of onboarding. This process could take up to weeks or even months, making customers leave the process in the middle – leading to high funnel dropouts and increasing cart abandonment.

Video KYC verification is the digital version of the traditional KYC process which is much faster and seamless. It eliminates the mundane paperwork and validates identity in real time – making the entire process easier for both parties.

Video KYC

  • Real-time verification of customers, business partners, and third-parties
  • Digital documentation, submission, and verification
  • Much faster, seamless, and cost-effective
  • Low turnaround time – less than 2-10 minutes

Traditional KYC

  • No real-time verification of customers, business partners, and third-parties
  • Manual paperwork, document submission, and physical visits for verification
  • Time-taking and high costs
  • High turnaround time – can take days, weeks, or even months

 

A step-by-step process – how to do Video KYC

  • The process starts when the end customer/third-party registers on the platform. It involves capturing customers’ live photos with valid KYC documents. The entire process is done by a trained official.
  • The customer will receive a video call assisted by a KYC expert for face-to-face interaction.
  • The KYC expert will screen the customer for liveness detection
  • During the call, the KYC expert will ask for an identity document – generally Aadhar Card, Pan Card, Driving License, or any other government KYC document to validate the identity in real-time. 
  • The KYC expert validates if the photo in the identity document resembles the face of the customer in the video call. The process utilizes facial recognition capabilities.
  • The document is verified against forged and tempered elements.
  • The expert will also verify the real-time location of the customer using geo-tagging software.
  • Verification results are delivered.
  • The video is recorded and stored for future use.

 

There are a set of guidelines issued by central banking authorities for customer onboarding and identification. All the guidelines must be in place when performing remote verification of customers through a Video-Based Identification Process (VBIP). The guidelines are issued in light of Anti Money Laundering (AML) and Know Your Customer (KYC) standards to protect financial entities and businesses from unforeseen operational, regulatory, and compliance risks.

AuthBridge is India’s largest authentication and background verification company. If you are interested in Video KYC or any other verification solutions for your business, share your contact details below.

Employee Background Verification (BGV) Companies in Hyderabad

Employee Background Verification (BGV) Companies in Hyderabad

What Makes AuthBridge a Leading Background Verification Company Serving in Hyderabad?

Hyderabad is home to a few unique, promising, and scalable start-ups which have the potential to be among the top companies in the nation. It has been ranked high to live and work across the country. Keeping this in mind, several new companies are spreading their wings into Hyderabad. There are several BGV companies in Hyderabad but the one which weighs on technology works best. AuthBridge is a tech-driven background verification company in Hyderabad that helps fast-paced companies to hire employees instantly while protecting from risks of fraud. These risks can slow down growth, lead to irreversible mistakes, consume more resources than required, lead to wastage of time & effort, etc, so many companies in Hyderabad conduct Employee Background verification on their employees before onboarding them.

AuthBridge offers a wide range of background screening offerings for the hiring suite, from white-collar screening, and blue-collar screening, to leadership due diligence. Our Background Verification services cater to all kinds of clients -large, small, medium local, or global. Background checks help companies to verify and validate the past records, educational, employment, and sometimes criminal/civil records of employees. We offer credit verification services using robust proprietary databases and AI/ML technologies that help filter out individuals with a suspicious financial standing. It’s largely believed that candidates who have not wisely kept their finances may not be able to do it in the future as well, thereby reflecting a dubious financial background. AuthBridge enables trust in its clients by offering database-driven credit reports to reduce the probability of employee fraud.

 

How AuthBridge relies on technology for instant, candidate-first background screening?

AuthBridge employee background screening is conducted to ensure only candidates who tell the truth on their resumes are hired. It is an important step to weed out negative elements that can cause harm like income losses and reputational damage to the organization with their fraudulent activities. We conduct background checks for employees at ease, scale, and speed with our digital, candidate-first employee screening solutions to fit the new world of work. Be it instant ID checks, education verification, reference checks via Whatsapp, or digital address verification for employees. Automation, easy integration, and data security power our employee verification and onboarding solutions at every step of the way. Technologies like optical character recognition (OCR), image recognition, face match, document classification, and digital signatures help to save time and increase cost efficiency for HR teams.

 

Our Range of Employee Screening Services in Hyderabad and other cities include:

 

Importance of Background Verification Services in Hyderabad

A recent study reported that nearly 40% of the resumes submitted by candidates contain fake information. Therefore, many companies in Hyderabad conduct BGV processes on their potential candidates.
Our authentication technology is eventually getting noticed and picking up pace in the southern part of India. We are amongst the best background check companies in Hyderabad today. Our employee screening solutions are largely preferred by corporates who’ve been aggressively hiring. Companies prefer to partner with AuthBridge for their background verification needs. It saves huge costs of criminal activities and fraud in your companies by making a small investment. We understand the challenges faced by HR at the time of hiring genuine candidates.

 

Are you looking for the best background screening company in Hyderabad?

As a background screening company, we believe in delivering Employee-Driven Experience Powered by AI to give real-time results to our clients. And for over 16 years now, we have been focused on fast and accurate verification reports. Nowadays, employee background checks are supercritical, which is why companies in Hyderabad opt for background check services powered by AuthBridge to build a crime-free workplace by combating hiring risks and making informed decisions. We offer Tech-Enabled Employee Verification Solutions for a 10X faster onboarding experience in a fast, effective, and seamless manner.

AuthBridge is the largest Background Verification Company in India. To know more, email us at communication@authbridge.com or share your details on our Contact Us page.

Know Your Business (KYB) Verification A Complete Guide

A Complete Guide to Know Your Business Verification (KYB)

Business verification is a 360-degree audit or investigation to evaluate any risk from a financial, legal, operational, or regulatory perspective. It is done before onboarding any business or forming any deal/relationship with the third parties to have prior knowledge of the risks involved. For example, when considering to take business services from another company, it is important to verify them to avoid legal hassles in the long run. 

Similarly, ensuring KYB (Know Your Business Verification) is done to validate different kinds of businesses such as vendors, agencies, clientssuppliersmerchants, startups, as well as directors, leadership, and much more. It involves digging through past and present records, conducting reference checks, verifying business credentials, details related to incorporation, directors and financial statements, service and tax registration, and much more.

 

Challenges in Business Verification & Onboarding

Evaluating businesses and third parties before onboarding them on different aspects is a complex task. Varying regulations, lengthy verification processes, and diverse identification standards make it difficult to gather up-to-date information for due diligence. 

It’s an uphill battle to make the verification process fast and seamless for your partners as well as ensure that only legitimate ventures are being onboarded. You cannot risk your business reputation and profitable returns by associating yourself with illegitimate ventures that are on false fronts for bad reputation, corruption, or money laundering.

A robust method for business verification can validate all relevant facts and save from unforeseen legal troubles in the future. KYB compliance contributes to informed decision-making by providing valuable insights and actionable data to decision-makers. It helps companies to understand the nature of a deal, the type of risks that will be involved, or any other red flag that might need their attention before the association.

 

Key checks for business verification services

  • Government Regulatory Compliance Checks 
  • Industry Compliance Checks
  • Financial Due Diligence 
  • AML and Continuous Monitoring
  • Reputational Due Diligence
  • Linked Associations 
  • Risk Scoring and Compliance Reports
  • Criminal Record Checks 
  • FCPA Compliance
  • Denied Party Screening (DPS)
  • National and Global Watchlists 
  • Suspicious Activity and White Labeling False Positive

 

Reasons To Conduct Business Verification and Due Diligence

There are various reasons why business due diligence is conducted before onboarding. Some of them are mentioned below.

  • To audit the information provided during the deal or partnership
  • To identify red flags or defects and avoid a bad business transaction
  • To stay compliant with the regulations and guidelines and ensure the business/third-party is compliant with the same
  • To examine historical financial statements and current financial standing with future projections
  • To determine the current capital expenditures, outstanding debts, and investments
  • To get detailed background on the legal issues, pending, threatened, or settled litigation
  • To get the present and past directorship details of the company

 

How do AuthBridge’s AI-powered technologies help with business verification?

Managing end-to-end business onboarding and ensuring KYB compliance is a complex process that is now easier with AuthBridge’s cutting-edge verification solutions. Our solutions are built on AI-backed technologies like biometric identification, image recognition, and liveness detection enabling business identity verification in real-time. OCR ensures automated form filling and converting physical documents into digital. With continuous risk monitoring and key checks for KYB compliance, we empower our clients with the right security metrics and identify red flags before they become problematic.

Our fast, scalable, and integrable solutions help you onboard vendors, distributors, franchisees, and other third parties/businesses digitally with minimum human intervention. Leverage our AI-powered onboarding journeys to eliminate paperwork, reduce operational costs, and stay compliant with the ever-changing regulation.

 

Key benefits of our business verification solutions

  • Data-driven actionable insights on financials, shareholdings, and legal matters
  • AI-powered streamlined and structured due diligence with quicker TAT
  • Customizable workflows, easy plug-and-play APIs, and comprehensive reporting 
  • Easy benchmarking against peer performance in the industry
  • Access to India’s largest public and proprietary databases

 

How are AuthBridge’s business verification solutions helping various industries?

  • Know Your Customer/Business (KYC & KYB): With our third-party onboarding and authentication solution, we have optimized various B2C, B2B, and B2B2C onboarding and due diligence processes for our wide range of clients across 30 industries. We have successfully mitigated the informational, reputational, and regulatory risks with our 117+ checks and proprietary databases.
  • Know Your Risk: We work closely with our clients to reduce risk exposure and improve their high-risk processes. Our solutions like TruthScreen and CorpVeda have helped our clients manage end-to-end risk assessment and meet compliance with all regulations. You can stay assured of faster go-to-market, reduced onboarding costs, and in-depth analysis to enable risk assessment and onboard trustworthy investors and business partners. Our solutions leverage the power of AI and deep search algorithms that scan large volumes of data in no time.

AuthBridge is India’s largest background verification company. If you are interested in end-to-end verification and onboarding solutions for your business, share your contact details below.

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