How Video KYC can put an end to fraud?

Video KYC India and Video KYC for Banks has become easier than ever before with the best Video KYC solution providers


The number of crimes taking place in the finance sector is alarming, there have been many fraud cases that shook us all. The introduction of the KYC procedure was done to eliminate the risk factor, as the procedure made it mandatory for the banks and other financial institutes to check the ID and the address proof documents of the customers and get the verification done before allowing them to access services. However, the procedure was lengthy, costly and cumbersome, and since it involved documents that could be easily forged, the risk still remained. The introduction of Video KYC changed things for the better.

Video KYC India: How secure is it?


The timely arrival of Video KYC for Banks and other financial institutes saved people and organizations during the lockdown process and allowed them to carry on with their transactions. The key features of the procedure were enough to ensure that the verification process could be free from any kind of forgery or, such activities. The reasons being-


  • The procedure is paperless, there is no need to submit physical documents for the verification. The customer needs to have the original documents ready during the procedure. So, there is no opportunity for any kind of fraud.
  • The entire process takes place virtually, and the live photo of the customer is captured along with the documents he is carrying with him. The verification is done in real-time so no identity theft is possible.
  • The best part of the Video based KYC identification process is that it verifies the location of the customer in real-time, using advanced technology. The customer needs to be in India during the procedure, and that could get verified instantly. 
  • The video KYC is more efficient, instant, hassle-free and highly secure which makes it an ideal process for the institutes which are ready to take advantage of it and keep the frauds away. 


The post-pandemic world is busy to migrate to the digital platform, it is best to approach the best Video KYC vendors to add an edge to your verification process. 

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