Video KYC
In today's digital landscape, ensuring data security and regulatory compliance is paramount for organizations handling sensitive information. At IDfy, we are committed to upholding the highest standards of security, privacy, and compliance. This dedication is exemplified through our adherence to globally recognized certifications and compliance frameworks, including SOC 2 certification.
Understanding SOC 2 Compliance
SOC 2 (System and Organization Controls 2) is a framework established by the American Institute of Certified Public Accountants (AICPA). It sets forth criteria for managing customer data based on five "Trust Service Criteria (TSC)": security, availability, processing integrity, confidentiality, and privacy. Achieving SOC 2 compliance signifies that an organization has implemented stringent controls and processes to protect client information.
At IDfy, we have obtained the SOC 2 Type II certification, which involves a comprehensive audit of our systems and practices over an extended period. This certification assures our clients that we consistently maintain robust security measures and that their data is handled with the utmost care and integrity.
IDfy's Comprehensive Compliance Framework
Beyond SOC 2, IDfy has implemented a multifaceted compliance framework to address various regulatory and industry-specific requirements:
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ISO 27001:2022 Certification: Some background verification companies in India may provide basic checks like employment, qualification, criminal, ID, and Address while others may offer a full suite of services i.e. new age checks like social media, drug testing, and instant, digital checks like moonlighting. Regardless, you should know all the services a BGV company provides and select the one that fits your requirements.
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RBI Master Direction for VCIP Compliance: As the leader in digital identity verification, we have instituted secure and compliant digital onboarding procedures in alignment with the Reserve Bank of India's guidelines for video customer identification processes. This ensures that our financial sector clients can seamlessly perform customer verifications while adhering to regulatory mandates.
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RBI Data Localization Compliance: We fully comply with the Reserve Bank of India's data localization requirements, ensuring that customer-sensitive data is stored and processed within India's jurisdiction. This practice enhances data security and aligns with national regulatory expectations.
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System Audit Report (SAR) Compliance: Regular system audits are conducted to evaluate the effectiveness of our security controls, data integrity measures, and operational resilience. These audits reinforce our commitment to transparency, and accountability, ensuring our system remains robust against evolving threats.
Commitment to Continuous Improvement
At IDfy, compliance is an ongoing journey rather than a one-time achievement. We proactively monitor the evolving regulatory landscape and adapt our practices to meet emerging standards and client expectations. Our dedication to maintaining certifications such as SOC 2, along with our comprehensive compliance measures, reflects our unwavering commitment to providing secure, reliable, and compliant identity verification solutions.
By partnering with IDfy, businesses can confidently navigate the complexities of data security and regulatory compliance, knowing that their information is protected by industry-leading standards and practices.