IFSCA Authorises Signzy As Fintech Partner for Digital Onboarding

Bangalore : International Financial Services Centres Authority (IFSCA) has granted an Authorisation Certificate to Signzy Technologies, as its FinTech partner for unified KYC Solution and customer on-boarding digital infrastructure. The grant of Authorisation Certificate follows Signzy’s winning of the IFSCA’s BankTech Hackathon for its unified KYC solution in April 2022.


A total of five FinTech firms received their Authorisation Certificates at a recently held event at GIFT City, Gandhinagar, presided by Prime Minister Shri Narendra Modi, Finance Minister Srimati Nirmala Sitharaman and several other dignitaries. In addition to Signzy, the other four FinTech firms are: CropData IFSC Pvt Ltd, EdgeVerve Systems Limited (a wholly-owned subsidiary of Infosys), UMBO IDTech Private Limited (Riskcovry), and Qkrishi Quantum Pvt Ltd.


Presiding the event, Prime Minister Shri Narendra Modi launched the NSE IFSC-SGX Connect and India International Bullion Exchange (IIBX) at the International Financial Service Centre (IFSC). He also laid the foundation stone for a Rs 200 crore headquarters building of International Financial Services Centres Authority (IFSCA) at GIFT City to further propel India’s contribution to the global financial services ecosystem.


Ankit Ratan, co-founder of Signzy said, “We are proud and thrilled to be chosen as one of the FinTech partners by IFSCA for our unified KYC Solution and customer on-boarding digital infrastructure. Signzy is now a part of this massive initiative that will ensure that the hub can empower the various financial institutions at the GIFT City. We are also committed to support IFSCA in realizing its vision for inclusive growth of the global financial services ecosystem. Finally, team SIgnzy is looking forward to newer opportunities to help propel India as a global leader in FinTech in line with PM Shri Narendra Modi’s vision.”


The event also marked IFSCA signing MoUs with four foreign regulators, which include the Monetary Authority of Singapore (MAS); Commission de Surveillance du Secteur Financier, Luxembourg; Qatar Financial Centre Authority; and Finansinspektionen, Sweden. The MoUs set a stage for India to create a global dynamic financial sector with a regulatory regime and a conducive ecosystem.


Signzy has won many awards in the recent past for its technology innovation, some of them being IAMAI’s Most Innovative Fintech Data Solution Provider Award, ASSOCHAM’s ICT Startup Awards, Technoviti Award 2020 for Video KYC, and many more. In the past, Signzy has also won awards from regulatory bodies like RBI and MAS Singapore.