SalarySe Overview and Modules

Questions and Answers

What is the main purpose of requiring certain permissions during the onboarding flow?

To enhance marketing strategies

To validate personal details and for KYC purposes (correct)

To allow users to create multiple accounts

To ensure data is shared with third parties

How does the CKYC initiative benefit the onboarding process?

It provides all relevant KYC information in one place. (correct)

It introduces additional layers of consent for data sharing.

It allows users to skip KYC completely.

It minimizes the amount of data collected from users.

What is NOT a purpose for which the required consents are used?

To improve customer service metrics (correct)

For account creation and KYC

To validate your personal details

To ensure a secure onboarding flow

How is the safety of user data emphasized in the information provided?

User data is exclusively used for onboarding and KYC, not shared externally. Signup and view all the answers

What does CKYC stand for?

Central KYC (Know Your Customer) Signup and view all the answers

What distinguishes the DAS and NON-DAS modules in terms of data handling?

DAS modules handle data associated with specific organizations. Signup and view all the answers

Which of the following best describes a key aspect of the onboarding journey?

It includes multiple steps that may involve direct communication. Signup and view all the answers

Which statement is true regarding data accuracy in applications relevant to the modules mentioned?

Accurate data is critical for effective functioning of the DAS modules. Signup and view all the answers

What is a notable characteristic of the partners classified under DATA with DAS?

They include well-known organizations. Signup and view all the answers

In which way does the onboarding process primarily affect the use of data in applications?

It helps establish protocols for data accuracy and access. Signup and view all the answers

Study Notes

About Us

Introduction to SalarySe and its core features.

Onboarding Journey

Structured onboarding process divided into multiple stages.

Modules

SalarySe is developing two repayment modules: DAS and NON-DAS.

DAS Module

Specific features and functionalities not detailed.

NON-DAS Module

Specific features and functionalities not detailed.

Partners

Partnerships categorized into Banking, Lending, and Data-focused entities.

Types of Partnerships

Banking Partners: Details unspecified.
Lending Partners: Includes unnamed organizations.
Data with DAS: Collaborations with companies such as Bombay Shaving Company, Neemans, Synoriq, Tranzact, TFT, and Inshorts.
Data with NON DAS: Details unspecified.
Non Data with NON DAS: Partnership with companies like Wipro and Coca-Cola.

List of Products

Information regarding required consents is outlined to ensure a secure onboarding flow.
Assurances that collected data will only be used for account creation and KYC validation, with a strong emphasis on privacy and safety.

CKYC

CKYC stands for Central KYC, initiated by the Government of India, streamlining the onboarding process by consolidating KYC data.
SalarySe utilizes digital platforms like Digilocker to verify identities and documents efficiently.

Digilocker

Digilocker is a government initiative under the Digital India project for document storage and credential verification.
Users can store important documents such as PAN cards, driving licenses, Aadhaar cards, and educational certificates securely.

Document Verification

Digilocker will be leveraged to validate identity and perform KYC through document verification like Aadhar and PAN.
Issues with name mismatches during FD bookings must ensure consistency between Aadhar and PAN records for success.

Description

Explore the essential features of SalarySe, including its structured onboarding journey and the development of DAS and NON-DAS repayment modules. Learn about the various partnerships with banking, lending, and data-focused entities, as well as insights into product offerings and data security.