Have you opened an account with HDFC Bank? Or created a fantasy team on Dream11? You've ordered from Amazon or Zomato, for sure, right? If yes, then your life has been touched by IDfy. 

In 2023, IDfy’s fast growth has been recognized by the Deloitte Technology Fast 50 list as well as the Forbes Asia 100 Watchlist.

As an Integrated Identity Platform, we help enterprises eliminate fraud and establish trust using tech-powered products and solutions for KYC, KYB, Background Verification, Risk Mitigation, Digital Onboarding and Digital Privacy.

IDfy is a pioneer in the industry. With 12+ years of experience and 2 million daily verifications, we are known for our robust, enterprise-grade technology that powers a range of offerings such as:

- A suite of 150+ APIs for document verification, merchant onboarding, risk assessment, and more

- A Video Solutions platform that helps you onboard users anytime, anywhere, with 90% conversions and 100% compliance.

- RiskAI - a tool for business due diligence that helps mitigate identity, reputation, operational, and credit risks.

- IDfy360, a no-code platform, that helps businesses launch customized onboarding workflows within minutes.

- A SaaS-based employee Background Verification (BGV) solution with the shortest TAT and highest accuracy in the industry.

- CrimeCheck, a legal history checking solution that scans over 25 crore+ court, FIR and tribunal cases across India, enabling you to make more informed financial credit decisions


Trifecta Capital Advisors

Dream Incubator

Millenna FVCI III

NB Ventures

TransUnion CIBIL

Blume Ventures

CIBIL

New Enterprise Associates

Faktory Ventures

Beenos Partners

IDfy

From September 2022 to August 2023 alone, Google removed over 2,200 lending apps from its App Store!

Imagine the number of people who might have fallen victim to those.

No wonder the RBI is finally cracking the whip on such apps by proposing DIGITA (Digital India Trust Agency) - a special agency designed to cull out illegal lending apps and bring order to the digital lending realm.

DIGITA is expected to come out with defined guidelines, such as

- Allowing only RBI-registered & licensed entities to lend; their adherence to consumer protection laws & fair lending practices is going to be a deal-breaker

- Requiring apps to have robust security protocols in place to safeguard the sensitive information of borrowers, and

- Restricting apps indulging in predatory lending tactics like exorbitant interest rates, hidden charges, and aggressive collection methods

Compliant apps will be issued DIGITA seals to prove their safety & authenticity. 

Industry practitioners and regulators believe that such checks will help create a safer lending ecosystem by:    

- Separating the sheep from the wolves: DIGITA will put all lending apps through a rigorous verification process, ensuring they meet regulatory standards and fair lending practices

- Promoting transparency: No more hidden fees or loan sharks lurking in the shadows. DIGITA will create a public registry of verified apps, empowering borrowers to make informed decisions and fosters healthy competition among legitimate lenders.

- Improving the ecosystem: DIGITA will create a fairer playing field for responsible lenders by establishing clear rules and eliminating illegal competition, thus fostering innovation.

Although DIGITA isn't formalized yet, it's a promising sign for safe digital loans. Clear rules and a focus on responsible lenders could mean the end of risky loan apps. 

In future, look for the DIGITA seal - it could be your ticket to a smoother and more importantly, safer borrowing experience.

Finding out that your dream candidate is not who they claimed to be is a nightmare. With the rising trend of fake resumes, traditional background verifications might leave you exposed. 

IDfy’s BGV Insights Report, which is compiled after 𝐚𝐧𝐚𝐥𝐲𝐳𝐢𝐧𝐠 2.5 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐚𝐜𝐤𝐠𝐫𝐨𝐮𝐧𝐝 𝐯𝐞𝐫𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬, helps you customize your verifications to catch industry-specific fraud, bulletproofing your hiring process.

Get industry-specific intelligence to:

✅ 𝐔𝐧𝐜𝐨𝐯𝐞𝐫 𝐡𝐢𝐝𝐝𝐞𝐧 𝐫𝐢𝐬𝐤𝐬 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐭𝐨 𝐲𝐨𝐮𝐫 𝐬𝐞𝐜𝐭𝐨𝐫
✅ 𝐏𝐫𝐢𝐨𝐫𝐢𝐭𝐢𝐳𝐞 𝐜𝐡𝐞𝐜𝐤𝐬 𝐞𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞𝐥𝐲 𝐭𝐨 𝐟𝐨𝐜𝐮𝐬 𝐨𝐧 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐫𝐞𝐥𝐞𝐯𝐚𝐧𝐭 𝐫𝐞𝐝 𝐟𝐥𝐚𝐠𝐬
✅ 𝐌𝐚𝐤𝐞 𝐬𝐦𝐚𝐫𝐭𝐞𝐫 𝐡𝐢𝐫𝐢𝐧𝐠 𝐝𝐞𝐜𝐢𝐬𝐢𝐨𝐧𝐬

Get your FREE copy by clicking on the link in the comments!

#backgroundverifications #BGV 

MSMEs contribute nearly 33% to India’s GDP and employ over 110 million people across approximately 63 million enterprises. 

Despite their growing importance, MSME financing often remains ‘in-process’ as these businesses are perceived as ‘high-risk’. 
Besides, most MSMEs are daunted by lengthy financing and regulatory procedures. 

IDfy collaborates with SysArc Infomatix to simplify MSME financing. 

Read on to learn how we are making MSME financing happen in 10 minutes!

Rahul Lakhani | Vikas Jawa | Aditya Jha | SysArc Infomatix 

#msme #msmeloans #BusinessLoans #ShishuMudra

We analyzed over 2.5 million background verifications from the past year to uncover key insights in the BGV space. 

And here's what we found: 

𝐁𝐚𝐜𝐤𝐠𝐫𝐨𝐮𝐧𝐝 𝐯𝐞𝐫𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐭𝐫𝐞𝐧𝐝𝐬 𝐯𝐚𝐫𝐲 𝐝𝐫𝐚𝐬𝐭𝐢𝐜𝐚𝐥𝐥𝐲 𝐚𝐜𝐫𝐨𝐬𝐬 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐞𝐬!  
So, we put together a report that helps you align your BGV plan with your industry's requirements, and the industry is loving it. 

Check out the report by clicking on the link in the comments!

Ashok Hariharan | Vineet Jawa | Abhijit Joshi | Nitesh Kumar Singh | Navnit Suryanarayanan | Aditya Ranjan | Shayanne Hill | Nigel Dsouza

IDfy is a technology company that specializes in digital identity verification and fraud prevention solutions. The company leverages advanced technologies such as AI, machine learning, and face liveness detection to provide secure and reliable identity verification services for businesses across various sectors.

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