IVF, Surrogacy & KYC – Importance of Verification in Fertility-care

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Importance of Verification in Fertility-care

• According to Ernst and Young, Indias fertility
  market and IVF procedures saw a 20 increase
  during the last five years.
• But what is such news doing on a fintech page?
  Shouldnt this be on a health blog?

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IVF And Surrogacy In India

• Compared to the approximately 2.5 million cycles
  per annum globally, only 0.2 to 0.25 million IVF
  cycles are performed annually in India. But the
  future looks vibrant for the sector as the Indian
  fertility Industry was valued at more than 746
  million in 2021. It is projected to reach 1,453
  million by 2027 with 5-6 lakhs IVF cycles. In
  short, the IVF market is growing fast.
• On the other hand, estimates show that more than
  25,000 children are now being born through
  surrogates in India annually in an industry worth
  2 billion. Hence both alternatives are in high
  demand in the country.

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Why Do IVF And Surrogacy Need Digitization?

• Aadhaar card and other identification documents
  are mandatory to avail of any service at ART/IVF
  centers. In addition, donors must also be
  registered with the Pre-Natal Diagnostic
  Techniques Act (PCPNDT) Cell. Such requirements
  enhance genuineness in parents who approach
  clinics for IVF and surrogacy.
• But the primary issue with such measures is the
  hurdles it creates for potential parents. If
  anything, such procedures make the entire process
  onerous.

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How To Digitize IVF And Surrogacy

• If any person is looking for IVF, surrogacy, or
  any other form to have a child and wants to
  undergo the process, they need to share the
  Aadhar and PAN, and hospitals must verify the
  document.
• In such scenarios, we can use the Application
  Programming Interface(API)I resource to process
  the soft copies of the required documents. APIs
  can collect and verify if couples seeking IVF are
  genuine and donors and surrogates and not
  volatile. With consent, it can also confirm if
  the parties involved have had any previous
  medical conditions that must be disclosed.

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Where To Find Help To Digitize

• If you are seeking IVF/surrogacy services, opt
  for the ones offering digitized interaction, as
  this usually helps maintain a safer approach. In
  addition, it ensures fortified data and reduces
  fraudulent practices.
• Unfortunately, clinics and hospitals adapting to
  the technological demand are less in number or
  too slow at it. If you represent an enterprise
  that offers such services, you certainly will
  benefit from our products.
• At Signzy, we make sure that we provide the apt
  resources for digitizing your processes. We can
  make all your verifications seamless and
  automated.

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Visit These Links To Automate Your Aadhar
Verification KYC Process

• https//signzy.com/ivf-surrogacy-and-aadhaar/
• https//signzy.com/fintech-apis/aadhaar-verificati
  on-api/

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About Signzy

• Signzy is a market-leading platform redefining
  the speed, accuracy, and experience of how
  financial institutions are onboarding customers
  and businesses using the digital medium.
• Signzys marketplace of 240 bespoke APIs that
  can be easily added to any workflow with simple
  widgets.
• Signzy is enabling ten million end customer and
  business onboarding every month at a success rate
  of 99 while reducing the speed to market from 6
  months to 3-4 weeks.
• The companys product team is based out of
  Bengaluru and has a strong presence in Mumbai,
  New York, and Dubai.