Little-Known Identity & Auth Startup From Bangalore Wins RBI's Payment Innovation Contest – Meet Signzy

I have heard this saying a few times in the last five years that Payments without authentication is just accounting. Identification and authentication is a very important sector of the payments industry and also the broader FinTech sector. In a country like India where a revolution is beginning around digital onboarding and eKYC, this segment is clearly one to watch out for. Also, as the industry is moving towards EMV chip technology for offline, CNP (card-not-present) fraud is increasing (online). There are several companies that are coming up with various solutions on how to tackle the issues related to it. Some financial Institutions and FinTech startups are looking at ways to leverage blockchain in the area of identity and authentication. Please meet one such company from India called Signzy, which recently won RBI’s (Reserve Bank of India, the regulator) Payment System Innovation ...

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