Reasons to obtain a Duplicate Driving licence

A Duplicate Driving licence is an alternative licence you can use in case your driving licence is damaged, lost, or stolen. Without a legitimate driving licence, you can’t drive the vehicle on the road. So, apply for a duplicate licence quickly and avoid trouble while driving.

Reasons to obtain a Duplicate Driving licence

1. Lost or Stolen
2. Damaged or Multinational
3. Faded licence
4. Change in Vehicle Category
5. Change in Personal Details.
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Key Benefits of Name Match API

AI Name Match Solution is an advanced technology. It uses artificial intelligence and machine learning to intelligently compare and match names. These solutions are capable enough to find good matches. It understands variations, spelling errors, typos, regional differences, or formatting issues.

Benefits of Name Match API:-

1. Faster KYC and Onboarding
2. Reduce Manual Workload
3. Enhanced Compliance Accuracy
4. Fraud Prevention.
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Key Responsibilities of a Data Fiduciary

Data Fiduciary means an individual or entity that determines the reason and method to process personal data. It is the responsibility of the entity to take technological, organizational, and security precautions to secure the personal data.

Key Responsibilities of a Data Fiduciary
1. Transparency and Consent
2. Data Security
3. Data Quality
4. Data Retention
5. Right to Rectification
6. Data Breach Notifications.
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How does Identity Verification Work?

Identity Verification is a process of checking the authenticity of a person. It can be done through document verification, biometric data, KBA, Two-factor authentication, device intelligence, behavioural biometrics, liveness detection, etc.

The online identity verification works in the following way:

1. User Submission: User uploads an image of the identity document.
2. Document Verification: Documents are scanned and undergo forgery detection and template matching.
3. Cross verification: Identity documents are verified against the reliable records.
4. Real-time results: The User will get the result in a valid or invalid status.

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What is IDV’s Meaning in Insurance?

IDV (Insured Declared Value) is the maximum amount the insurer pays (if your vehicle stolen damaged beyond repair). It is the current market value of the vehicle after deducting the depreciation cost. Higher IDV will have a higher premium and coverage, while lower IDV will have a cheaper premium but lower claim payout. Learn about IDV meaning, how Insured Declared Value helps in calculating the current market value of vehicles.

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