Simple . Secure - fintech.mekongbiz.org · We are helping 45 Financial clients in India through their ... CMO, ILS Law 6+ yrs. ... Aadhar database Biometric

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

2

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,

3

India Stack-Enabler for Financial Inclusion.

Aadhar EKYC Aadhar Esign

Aadhar database (UIDAI)

KUA Licenseand UIDAIpermission

OTP

Biometric

Customer ESP

OTP

4

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.

5

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

6

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

7

India FinTechStory.

8

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

9

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

10

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

11

Individual Privacy Security

Digital KYC – Risks and Concerns

12

ConsentArchitecture.

Data Consumers (Banks,Credits Providers etc)

13

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

14

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

15

Aadhar

Enhancing Security and Privacy.

Virtual ID LimitedKYC Registration of biometricdevices

16

17

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

18

UPI

Complete Digitization of Financial Ecosystem.

Commerce

Payment

Paperless Process

Digital Identity

Credit

Machine Learning & Algorithms

THANKYOU

Thank You.

For more information visit usat

signzy.comlinkedin.com/company/signzy-com @TeamSignzy