Videocon Telecom announced its entry into E-KYC business to provide Aadhaar based digitalization. eKYC is a government approved paperless, verification method for fulfilling KYC requirements of any organization. The service shall be either authentication or verification in nature as per requirements of any organization.
Videocon Telecom has obtained both the ASA and AUA licenses for the Aadhaar based validation. The Company will act as the link for an individual’s registration process with UIDAI and take one through the registration process without any hassles. Videocon Telecom would assist in providing the services, which will cover business process re-engineering, secure environment and automated process flow thereby creating value for each user.
So far, most companies that are registered with UIDAI are using eKYC for selective and sector centric purposes. Videocon’s eKYC vertical aims to digitize all key sectors namely Finance, Insurance, Hospitality, Education etc. It will also help government organizations to have Aadhaar based attendance at highly sensitive places, curb attendance frauds in organizations at remote locations, and will also ensure that schemes like mid day meals and other subsidies are going to the right beneficiaries. The company, backed by its rich experience in Telecom and IT services, an in-house DATA Centre, strong Technology partners will provide personalized solutions to each sector.
Announcing the company’s foray into the E-KYC business Mr. Arvind Bali, CEO, Videocon Telecom said, ‘Digitizing India is the only sure-shot way to reach the benefit of growth to India’s masses and that will create the multiplier to ensure the target 8 to 10% sustained GDP growth. Digital India is certainly the most appropriate call for transforming India into a vibrant and strong global economy.We believe that Digital India has the potential to become one of the most meaningful reforms for Indian businesses in recent history.”