Angel Broking Pvt. Ltd., India’s leading broking and financial services firm launches D-KYC – an ultra fast and first of its kind acc opening experience through digital signature using bio-metric devices. The company has empowered a ground force of 1000 angels across 132 branches with high tech D-KYC devices – this D-KYC device is a combination of a tablet, a STQC approved Bio-metric device and homegrown E-KYC software all working in tandem for a hassle free, paperless and flawless account opening experience.
Angel Broking has invested heavily by distributing over 1000 such D-KYC devices to its sales force so that they can take these devices to customer’s location and provide them a unique first time experience of bio-metric based account opening from their home. In the next 3 months, the firm plans to further expand this initiative using its network of over 4000 plus business partners having presence in over 900 locations. This move will enable Angel Broking to penetrate the country and reach out to a larger population that is still not exposed to the investing world.
In D-KYC, thumb impression serves as a Digital Signature and the system auto inserts personal information from the AADHAR database. This eliminates customer’s effort and time to plug-in details. With the system being back linked to UIDAI, it facilitates real time authentication as well as speedy, paperless and flawless account opening.
With combined benefits from recent Government Initiatives such as Jan-Dhan Yojana, Digital India and UIDAI, the financial services industry is poised to grow multi-fold. As per Government of India’s latest data, over 100 crore AADHAR numbers have been issued and over 22 crore Bank accounts have been opened under Jan Dhan Yojana. With equity penetration being at not over 2% of the population, these numbers clearly hint at a massive potential and promises new breed of investors to hit the market.
Mr Vinay Agrawal, CEO – Angel Broking Private Limited says “Digital India will only happen if we take technology to people. With the launch of D-KYC, we have exactly done that”. Commenting further on this initiative he said “Several attempts were made in the industry on similar lines and I take immense pride to announce that we have not just developed this model but also successfully executed to ensure benefits of technology and professional investing expertise reaches the aspiring investing community. This is a Game Changer”