simple . secure - fintech.mekongbiz.org · we are helping 45 financial clients in india through...
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WEL
COM
E
Simple . Secure .Legal
RBI Payments System Innovation Award2016
Top 9 for MASGlobal Fintech Award,2017
We are a RegTech company with a vision to make regulatory process simpler
Artificial Intelligence is our secretsauce
Computer Vision to enable document fraud and online Biometric checks
Knowledge graphs to ensure Algorithms arewithin a regulatory framework
We are helping 45 Financial clients in India through their digital transformation. This includes India’s largest Publicand Private sector Bank
Who isSignzy.
Reduction in TAT
Reduction in operational cost
3x
Reduction in operational cost
75%90%
Value-added
CoreTeam
Ankit Ratan CEO, IITDelhi
6+ yrs. Data Analytics Experience
in Citibank, Metlife, AxisBank
Arpit RatanCMO, ILSLaw
6+ yrs. In cybercrimeand regulatory law
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AnkurPandey CTO, IITKGP
Specialization in Cognitive
Cost of Onboarding – Barrier to Financial Inclusion
Onboarding Cost
BreakEven Product Value
Target Market Size
Rs1500 Rs300,000 3MHouseholds
Rs100 Rs20,000 34MHouseholds
Rs10 Rs2,000 105MHouseholds
Source: NCAER-CMCR survey, http://ww.openthemagazine.com,
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India Stack-Enabler for Financial Inclusion.
Aadhar EKYC Aadhar Esign
Aadhar database (UIDAI)
KUA Licenseand UIDAIpermission
OTP
Biometric
Customer ESP
OTP
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BiometricAadhardatabase(UIDAI)
Signzy’s Digital Onboarding Solution.
Benefits
ID/Document Verification for PoI and
PoA requirements ofKYC.
Auto populating the form tofasten
the process.
Reduceshuman typing errors by
Extraction.
Company verification from
government records.
API
Customer
API Real-time verification and Background check.
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BankAssociate
Implementations and Impact.
CurrentAccountOpening
MerchantOnboarding
Digitally onboarding customertoopen currentaccountwith aBank
Digitally Onboarding Merchantsfor POSmachines
Enabled one of largest offline PoS player to do onboardings in 30 minutes, digitally vs 3 daysTATs
India’s largest private bank was able to reduce TAT by 55% with a total impactof$1.4 Mn in4.5 months
Making regulatory and risk processes simple and secure thus enabling business and consumers to be happy andsafe
Impact
IndividualOnboarding for Crypto
Digitally onboarding customerfor Crypto trading platform/wallets
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Enabled one of largest Indian crypto player to do onboardings in 15minutes, digitally vs 2 daysTATs
SuccessStories.
FirstDigitalMerchant OnboardingPlatforminAsia
Firstremote Mutual FundOnboardingPlatform
FirstDigitalCurrentAccountOpeningPlatform
FirstDigitalBlockchainWallet KYCinIndia
Top30finalist forMASFintech Award, 2017 among global Financial Technology implementation
Winner paymentssystems innovation Contest 2016 IDRBT competition sponsored byRBI
Only 30 under 30 company in Finance, Forbes India Jan 17
2nd among global digital authentication startups,Mar 17
Won9AwardFinalistsand40Newsmentionslastyear
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Pradhan Mantri Jan-Dhan Yojna- India take on Financial Inclusion.
21.00 Crore Accounts Opened so far
Rs. 33,074.90 Croredeposits1.26 Lakhs BankMitras
9.37 Crore Suraksha BimaPolicies2.95 Crore Jeevan Jyoti BimaPolicies
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Aadhar Enabler for Financial Inclusion <1/2>
Aadhaar –990M Issued in 5½Years
1 Bn by March2016
950M
Source: Data from http://www.uidai.gov.in
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600M
300M
100M
50M
990M
Aadhar Enabler for Financial Inclusion <2/2>
Name DoB/Age Gender Address Mobile/Email
1234 56789012
UniqueLifetime
Source: Data from http://www.uidai.gov.in
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ConsentArchitecture.
Data Consumers (Banks,Credits Providers etc)
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DIGITAL LOCKER
▪All "data sharing" to be "via" the "owner" with "consent"
▪"Owner" of the data can "electronically request" his/her data and store in his/her "digital locker"
▪"Owner" can "choose" to share the data"for a purpose" using "electronic consent"
Data Providers (Banks,Telco, Hospitals,etc)
Security today.
WHAT YOUHAVE
WHOYOUARE
WHAT YOU
KNOW
The phone will replace the car as the‘What you Have’ authentication factor
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PIN / Password Card Proof of Identity
Combining Security with Convenience.
WHAT YOUHAVE
WHOYOUARE
WHAT YOU
KNOW
Biometric smart phones enable 1-click 2-factor authentication
Smartphone
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Aadhar
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India’s path for Financial Inclusion.
2010 2011 2012 2013 2014 2015 2016
950M
1005M
190MJDY
Aadhaar
Mobile
2009
944M
600M
100M
Source: Ericsson Mobility Report, PMJDY, Aadhaar Web Sites
AEPS
APB
Aadhaar Authentication
Aadhaar eKyc
eSignUPI
Consent Architecture
Digilocker
1.2+ B
1+B
250+M
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UPI
Complete Digitization of Financial Ecosystem.
Commerce
Payment
Paperless Process
Digital Identity
Credit
Machine Learning & Algorithms