🚀 Medial just raised $500k in Pre-Series A. Tap to read the announcement. 🎉

Download App

Home

Switch theme

Blog . Feedback . Privacy
Community Guidelines

Back to feeds

AjayEdupuganti

Stealth • 3m

@delhivery @BlueDart_ @EcomExpress_Ofc @DTDCIndia If e-commerce delivery companies offered in-person KYC verification for banks, it could simplify life for customers and speed up bank onboarding. This could be cheaper, more efficient, and faster too

Sajin
•

Foundation • 3m

Why?

AjayEdupuganti

Stealth • 3m

1. Banks Cant rely on online verification 2. Running seperate verification agencies across the nation is expensive 3. An extra cashin opportunity for the delivery agents 4. Coz they have such large network, they can offer kyc at better prices than a

Sajin
•

Foundation • 3m

Aadhar is one stop verification for everything. Every phone number is connected to Aadhar, photo, home address is connected to Aadhar, PAN, DL, everything is connected to Aadhar. Its just that UIDAI does not provide B2B verification service, because

AjayEdupuganti

Stealth • 3m

Your phone is easily hackable nd aadhar number is very easy to get, if someone wants to. So, banks cant rely on your aadhar verification. Its not just about server side. Its more about client side. Photos can be edited. Its not as simple as u describ

Sajin
•

Foundation • 3m

It is simple. It is implemented in many nations. They have phone number OTP based ID approval, and for banks additional fingerprint scan. Its as easy as it is. We tend to overthink the simplicity of a system. Also theres huge trust issue with banks. You are talking about doing online verification with physical method, which will fail as banks dont believe in any 3rd party

1 replies1 like

Replies (1)

AjayEdupuganti

Stealth • 3m

Banks outsource these kyc things. They dont do it themselves. It is not over complication. Am not sure if u have heard, but someone actually created a demat account using sunny leone pancard and other details and there is a some huge loss or something. And it happened with couple of other celebs aswell. You can check that. Even nithin kamath talked about this multiple times. We cant rely on ekyc yet. Atleast not for banks, loan and credit card disbursement etc

0 replies1 like

Recommendations from Medial

Rakshak Gupta
•

Quixy • 2m

Is there any app where the movement you scan the ingredients it should show whether the ingredients information and the should mention the ingredients harmful level as well

4 replies2 likes

Aditya Tiwari

Stealth • 6m

I am building a website, its still in early phase i chose firebase to authenticate users using otp, Also I chose firestore as my db. I’ve read that people who are already using it are complaining about the cost. Should I choose any other backend whil

0 replies2 likes

Shubham Khandelwal

Stealth • 6m

Half of the Total World Population lives in the Red Area. 🤯 India deserves a Permanent Seat at United Nations Security Council as it is the largest country in the world in Population terms.

3 replies10 likes

Sayan Ghosh

Stealth • 1m

One of the key reasons, Trump’s win is great for India is it expected to reduce wars and conflicts between nations (hopefully it happens). Now the India-Canada conflict is not helping anyone and impacts trade relations. PS: I was at the visa office

0 replies10 likes

Vikram Surve

Stealth • 3m

What do you think guys about Pharma/chemical industry pay scales. The amount of risk involved in working like chemical exposure, safety and all things and salary range is very much low as compared to other nations standard. Is it reasonable?

Yes

Not sure

Votes: 7

0 replies4 likes

Ravi Handa

Stealth • 5m

Me to friend: Please invest in Gold. It will work over the long term. It will work when equities aren’t doing well. There is a shift taking place in Gold as an asset class. Central Banks have started buying. Friend: Done.

5 replies8 likes

Surya

Stealth • 1m

💳 The Future of ATM Withdrawals: QR-Based and Cardless 💳 QR-based, cardless ATM withdrawals are shaking up the traditional cash experience! 📲 With just a scan, no physical card is required, making transactions faster, safer, and contact-free—perf

0 replies2 likes

Adithya Pappala

Stealth • 1m

Reality & Needs to be Admitted!!! Firstly, There will be only 20-30% of the Startups raise funds from Angel Investors Next, Only 2-5% of the Startups raise from Venturs Capital Rounds Making it tougher, There will be very very few startups that

4 replies3 likes

Anonymous

Stealth • 23d

⭐⭐don't you guys think there should be a pay per usage recharge plan as when we are left of data pack it creates a sunk cost fallacy and due to which we tend to waste our time unnecessarily on youtube insta and other platforms thinking we are utilis

1 replies2 likes

Vishhal Pawar

Stealth • 2m

While we were initially excited about building "Ocean Cosmetics" as our beauty brand, things took a new turn when Nawal Yadav bhaiya joined the team as COO. 👾 After multiple discussions and brainstorming sessions, we decided to change the name fro