Razorpay

JULY 24, 2024

Underwriting: Assess the business’s financial stability, creditworthiness, and risk profile. Issuing Banks These financial institutions issue payment cards to consumers. What Documentation is Required for Merchant Onboarding? Merchant History Screening: Examine the business’s past performance.

IT 40

IT Business Risk Assessment Risk Management 40

Razorpay

SEPTEMBER 12, 2024

This helps financial institutions decide whether they should approve funding to a particular applicant or not. Automated KYC Processes AI-assisted systems handle Know Your Customer (KYC) documentation by cross-referencing information with databases and detecting discrepancies.

Business 52

Business Financial Institution Securities IT 52

Razorpay

DECEMBER 23, 2024

An account aggregator is an RBI-regulated entity that helps individuals securely and digitally access and share information from one financial institution they have an account with to any other regulated financial institution in the AA network. The data sharing is based on an individual’s explicit consent.

Accountant 52

Accountant Shares Financial Institution Financial Services 52

Razorpay

JANUARY 27, 2025

They help financial institutions, payment processors , and card issuers understand the nature of a merchant’s business activities. Risk Management: Financial institutions use MCCs to assess the potential risk associated with a merchant or transaction.

Financial Institution 40

Financial Institution Business Risk Management Retail 40