Documents We Verify

There has been a major turnaround within the retail industry since the last couple of years regarding buying or purchasing of commodities. This trend has given a whole new direction to the buying process globally. Similarly, merchants, on the other hand, have felt the need of initiating new methodologies to cope with demands of the consumers. As it stands, retailers and merchants are still struggling hard to meet the pace of this new buying pattern. Yes! We are talking about the online buying mentality of the consumers that has penetrated so vigorously that it became an alarming concern for the retail industry.

Let us have a short tour of KYC within the banking industry! In 2002, all banks were asked by the regulatory authorities to strictly acquire the personal information of the customers. This was being imposed on them to prevent money laundering, terrorist financing, identity theft and other financial frauds. From that point onwards, the term ‘Know Your Customer' gained more popularity, and later it became an essential element to help banks know their customers.

There were rumors that transport industry is going to face a lot of identity theft concerns in the coming years and it happened as well. In the auto industry, besides customer's satisfaction and loyalty, security and asset production is of utmost importance. There has been a massive increase since 2013 in identity theft cases within the auto industry. Transport and travel industry has never been secure in the real world, and they are now in need of such a solution

Healthcare institutions are meant to provide relief to the patients, but there are some managerial lags due to which patients still face difficulties. Looking at the feedbacks of the patients and their experiences, it depicts that the process is overloaded with redundant forms and requests which are previously saved within their system. Healthcare institutions need to have an intelligent solution that can uplift the patient's experience.

There has been a major threat of identity theft to the corporate sector because the facts and figures are terrible! According to a survey report from PwC in 2016, such security incidents within the corporate sector rose by almost 33% due to which there was a significant increase in the annual budget of the companies to secure their confidential data. There are some organizations which cannot tolerate the interference of an unknown individual due to high risk data.