Financial Inclusion
Overview

Harnessing India Stack’s open digital infrastructure can help banks replace costly and time-consuming procedures involving document management and verification.

FSS eSign and FSS Digilocker Gateway services enable Application Service Providers to create a paperless service experience for customers by invoking India Stack’s open APIs including Aadhaar Authentication, eSign, and Digilocker.

Digital signatures obtained via FSS eSign Gateway are legally binding as the solution connects with empaneled eSign Service Provider (ESPs), licensed Certifying Authorities (CAs) to procure the digital signature.

Users of the eSign service can also access their documents available in the central digital lockers linked to their Aadhaar number, digitally sign documents and share with requestors to open a new account, apply for a loan and eNACH.

Instant Digital
Signing Convenience

FSS eSign Gateway users can sign and manage documents from any device - desktop or mobile. The system can also fetch documents to be self-attested from an Aadhaar-holder’s personal DigiLocker account.

Supports OTP based eKYC for eSigning

FSS eSign consumes the Unique Identification Authority of India (UIDAI) API’s for instant eKYC and digitally sign documents by using  a one-time password.

Manage and Share Documents

Users can push documents to their personal DigiLocker account and share a unique link to the digitally signed document via mobile, SMS and e-mail with requesters.

Meets Security, Regulatory and Authentication Requirements

During the entire process, FSS eSign and Digilocker Gateways protect the privacy of the signer's information and transmit only an encrypted format of the document.

Conforms with UIDAI standards
Provides complete audit trails for transaction traceability
Supports OTP based authentication to reduce fraud risk
Supports PKI encryption standards
Does not store customer related sensitive information protecting customer privacy

Flexible Deployment

Hosted on FSSNeT, FSS’ private cloud, enables services consumption on a pay-per-use model, eliminating the need for technology investments.

A Wide Range of Use-Cases

  • Financial sector

    A prospective customer can instantly open a bank account by digitally signing and completing the online eKYC process.

    Users can provide access to the DigiLocker account for banks and financial institutions to review the self-attested documents submitted for any financial services.

  • Telecom

    Users can walk into a store, enter their Aadhaar Number, authorize eKYC and eSign using OTP and walk out with a SIM Card.

  • Passport

    A citizen can apply for a passport online and send the repository link to documents for verification. The newly issued passport is stored in their DigiLocker account and can be self-attested for any future use.

  • Transport Department

    Users can apply for driving  license, renew vehicle registration online.

  • Educational

    Students can access their educational certificates from the DigiLocker account, self-attest and share.

  • Medical

    Patients can upload health and immunisation records, test results, and other medical documents for easy tracking and quick access. Hospitals can issue various records to an individual’s account with their consent.

Benefits
Benefits to ASPs

Reduces Operational Costs

Reduces operational costs for organizations incurred on printing, procurement, delivery and storage of physical documents.

Quick Turn-Around Time

Instant verification process results in faster service delivery involving no paperwork or physical KYC that takes days before a service is made available to him/her.

Increased Revenue

Generate fee-based revenue opportunity for ASPs

Easy Document Validation

Simplifies documentation validation as they are certified by registered issuers

Reduces Fraud

Documented information is stored in digitized and encrypted format and is never compromised at any point

Benefits to Customers

Promotes a Paperless System

Eliminates the need to maintain hard copies of documents and improves convience

Facilitates Remote Access Saving Times, Costs and Hassle

Customers can instantly sign documents using their smartphone on the go which saves time and costs.

Convenience and Security

Customers can store and access digitally signed documents at one central location for anytime anywhere access.

Associated Products and Services

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