Kyc Template: Fill & Download for Free

Universals standards is the main issue. The KYC template that we use today is over 100 years old (Photo ID, Name, Father’s Name, DOB, Address and some government issued number, like SSN, etc.)Nothing else has changed.How an ID is issued and identified in one country is different from how it is issued in another.As identity is taking on more roles in the digital world we live in today, privacy is also an issue. For example, many countries in the world are enabling all IDs that are issued are biometric verified. For example, in Pakistan, every citizen over the age of 18 has their fingerprints and a high-resolution photograph in the government database. The government would be reluctant to provide this to another foreign government.Tokenization would be the answer, but that is still addressing a small portion of the overall problem. Even within the realm of ID verification there isn’t a global template and matrix (levels) that one can refer to and be assured with some measure of confidence as to the authenticity of a person’s ID. Phone bills and address verification is so yesterday.What we need is a redefinition of how a person’s identity is captured and retained. We have to pay additional attention so that external and social signals can contribute towards the development of an ID (read my three blog posts on this subject):Who Are You? - The Case for a Global KYC Registry - Faisal KhanFederated Identity ManagementBlockchain & Identity — Banking, Payments & FintechSocial media (read: social signals) your bill paying history, your GPS data, your mobile usage, and above all, your friends, family and colleagues all can contribute towards your ID (read the very first article - The Case for a Global KYC Registry). Think OAuth and how we use that to login in to various other websites and online properties. Where is the OAuth equivalent for KYC?Until we come to a standards based template, that is reflective of the world today, ID verification and KYC will still be a very broken system.

Hi All,Yes i did on the Independence day (Aug’15–2016) :DWell, i would share the experience how this all goesFirstly, you would receive an email from an executive of Paytm Intimating the Win of LAKHPATI , the funniest part is the email has an attachment of the LAKHPATI Winner Greeting’s Screen Shot, it would be more good if they could have provided a Nice Greeting Template, attached FYR :)The email has questions like,City NameYour Twitter user nameA PhotographFew words about PaytmWhether or not applied for KYC (if not, please apply here - https://paytm.com/blog/kyc/)Once you answered their questions, in few hours you could check your order id and name gets published in this link Har Din Lakhpati Offers stating your winning. Seriously i was not at all sure about my luck untill i saw my name and order out here.next day you get an email from Paytm which states that the KYC document are under verification and for me as already my Paytm wallet has been upgraded prior me winning so i hope it didn take much time and then again in next 2 days a one liner email from Paytm states that in next 2 days your Winning amount has been added to your Paytm Wallet.Note : Lakhpati Winning Money is INR 1,00,000 and after Gift tax deduction Flat 30% the rest 70,000 would be added to Paytm Wallet.I like shopping Paytm coz of its Great Cashback Offers :)

KYC Verification is a process of verifying the identity of customers in order to ensure they are who they are. Businesses are required to verify their customers before onboarding them due to KYC and AML regulations.Customer Identification Program (CIP)Customer Identification Program is the first step in KYC compliance. It consists of the requirements of regulatory authorities that apply to your business model or industry. CIP protocols are the same in most of the regions in the world.Customer Due Diligence (CDD)Customer due diligence is the process of processing the customer’s information for KYC screening. It is the second step in KYC compliance. In this step, the basic information of the customer is collected in real-time or in some cases manually.KYC Verification Process StepsKYC Verification involves three basic steps. In order to carry out robust client identification, the following steps have to be carried out.Data CollectionThe first step in KYC verification involves the collection of client’s data. The user is supposed to enter all the personal details at the time of account registration. These personal details include name, address, age, date of birth, etc.Identity DocumentAfter collecting information, the user is asked to upload a supporting piece of evidence like government-issued identity cards, driver license or relevant documents. This helps the system verify that the information provided by the user is not fake.User VerificationAfter the user uploads the identity document, the document template is identified and data is extracted from it using OCR technology. The document is examined against several checks to make sure that it is not tempered or photoshopped.Once the authenticity of the document is proved, the information is checked. If both user-entered information and the one present on the document matches, the user is verified.You can read about the KYC process in detail in the blog linked below.KYC Verification Process – 3 Steps to Know Your Customer Compliance