Explore end-to-end Mandate Management, KYC Verification and Validation Services from Writer Information.
PICK UP, PROCESS, MANAGE THE ENTIRE LIFECYCLE
Be it physical pickup of filled mandates from customer locations using Business Process Services (BPS) teams or processing of documents using proprietary ICR and OCR technology, our Mandate Management solution covers it all.
Functional capabilities of the Mandate Management Solution
Receives, routes, and processes, inward transactions
Acts as a validator for mandate and transaction status
Browser-based, cross-platform interface
e-Mandates module also included
Supports online requests for amendment and cancellation
High performance, high volume storage capacity
Reporting: MIS and Dashboards
Complete reporting solution with historical as well as real-time insights into operations
Dashboards featuring On-demand, real-time statistics, graphs, and reports
Central KYC Processing
CKYC refers to Central KYC (Know Your Customer), an initiative of the Government of India. The aim of this initiative is to have a structure in place which allows investors to complete their KYC only once before interacting with various entities across the financial sector.
CKYC is a Central KY Registry maintained by Central Registry of Securitization Asset Reconstruction and Security Interest of India (CERSAI) wherein different Financial Institutions (FI’s) under regulators like RBI, IRDA, SEBI, and PFRDA to upload KYC details on CKYC portal.
In this process of CKYC, end customer of a Financial Institution will be provided with a 14 digit CKYC number which will be unique across the industry.
To bring uniformity in the information of a person in the financial sector
To avoid duplication of work at back-office
To get the latest and updated information about the customer
To avoid manipulation of minor account
To prevent operating of accounts of a deceased person.
WRITER Approach to CKYC Processing
We at Writer Information provide an “End to End Approach” to customers CKYC requirement. This is a compliance requirement and applicable across financial institutions.
The process flow looks like:
Check for Existing CKYC with CERSAI
Digitization of documents at client premises or Writer facilities
Auto Import of Customer Data
Auto Cropping of POI and POA
Auto capture of customer demographics
Auto-verification of customer information
MIS and Reports
CERSAI Upload and Co-ordination
CKYC number shared with the customer
Our Value Differentiators
Get technology-led domain expertise across multiple verticals
Gain from specialized transition management skills and solutions
Benefit from the only E2E data governance solution provider in India
Avail of a scalable value-chain with onboarding, servicing, and deboarding
Take advantage of best-in-class delivery capabilities across India, Middle East and Africa
Profit from process re-engineering emphasis on customer delight, risk reduction, and optimal servicing cost
Simplifying the NACH Mandate Processing and Management