The Supreme Court’s verdict on Aadhar has put the scope of Aadhar-based eKYC in jeopardy. The ruling meted out by the Supreme Court restricts private firms from using Aadhar services to verify a person’s identity and deemed such acts as unconstitutional. While the Apex Court’s ruling can be seen as a bid to protect individual privacy, the complete curtailment is a big blow to several service providers that relied on Aadhar-based eKYC to establish an individual’s identity.
Small and Medium Businesses (SMBs) have a significant presence in our economy today, and this will only continue to grow in the next few years to come. According to a report by KPMG, SMBs would potentially increase their contribution to India’s GDP by 10 percentage points to 47 percent by 2020. Even though it seems to be the golden age of entrepreneurship and small businesses, the sun seems to be setting for another age: legacy systems. With fintech services steadily growing to accommodate the needs of the new age SMBs, existing banks and lending services now have a new player to compete against. 2020 brings forth a lot of predictions and trends that will change the way India lends capital.
We’re stoked to share that Kuliza was recognized as one of the Top Web Developers in India by Clutch, a B2B research & rating organization based in Washington DC.
In an ever-changing environment, enterprises seek to attain some sort of stability. A strong foundation ensures longevity for any enterprise. The key to a strong foundation is using the correct set of building blocks that set the tone for the enterprise ground up.