We are helping firms manage risks and detect frauds: IDfy's Ashok Hariharan

IDfy offers ID verification on a real-time basis, court verification for HR, sharing economy and address verification

When an insurance firm received a claim on a term insurance of Rs 4 million from a supposed nominee, it decided to run a check and outsourced the job to a start-up, which subjects such claims to 80-odd process checks. The start-up found a selfie of the insured three days after his supposed death and alerted the firm.

‘‘We detect fraud in people transactions. While on-boarding people — getting a job or taking an insurance or a loan — there is a chance of a fraud. We try to catch that as fast as possible,” says Ashok Hariharan, founder of IDfy