Kwik.ID

The last year was spent amidst such big chaos, all of a sudden we had to adopt a lifestyle that we were not at all prepared for. The industries had to find a way to stay operational during the lockdown with the help of digital tools. However, things could have gotten worse for the banking sector, had it not been for the Video KYC procedure, which RBI had given its approval to in January before the lockdown hit us. The banking sector indeed survived the onslaught of the pandemic all thanks to the Video KYC procedure. Although the situation had started being back to getting normal, there is suddenly a requirement for a further lockdown. Until and unless the situation gets better we cannot imagine getting back to the normal way of life. Video KYC for Banks is the Solution: Now with another lockdown situation staring at us, we cannot afford to put things on the backburner. We could easily make things moving despite the lockdown. The only thing that could help the banking sector and othe...

The pandemic and the lockdown that followed made way for the digital revolution. The only way of survival was to migrate to the digital platform and that's what everyone did. The banks and other financial institutes might have had to take the worst hit, had it not been for the VideoKYC , which allowed them to remain functional and get new customers onboard despite there being the rule of social distancing. The customers were onboarded with the help of the Video KYC India procedure which proved to be a savior for the industry. Now that the finance industry has adopted the procedure, there is a need for the right tool and the right vendors to make the procedure more efficient. However, things could easily change with the help of the Video KYC vendors . There are certain pointers that you need to keep in mind before you hire one. Tips to find the best Video KYC Vendors One of the biggest criteria should be the safety and security of the information. The tool you use must be laden wit...

For any institution especially the ones that belong to the financial sector, getting the KYC verification done is essential. However, during the pandemic and the lockdown phase, it was not possible for the banks and other financial institutes to carry out the procedure physically. However, it was only the   Video KYC that saved the day and allowed the institutes to carry out the procedure with efficiency and onboard the customers despite there being a lockdown. Things started to change and took a better turn as well with the video version of the KYC procedure which is gradually being adopted across industries. So, your business must also adopt the Video KYC procedure as it has many benefits to offer. Video-based KYC identification: The smarter solution Your business could prosper even amidst the chaos that we are experiencing now, with the help of Video-based KYC identification. Find out how- The Video-based KYC identification procedure does not require any papers, so you no long...

Whether you belong to the finance sector or, elsewhere you must be aware of the VideoKYC and how it transformed the finance sector allowing the businesses to remain functional despite there being a nationwide lockdown.  The procedure allowed the banks and other organizations gradually to get the KYC verification done and onboard the customers remotely. It is needless to point out how it benefitted the industries and helped them expand their customer base. The digital journey has started and it would only continue so, it is time to adopt the video KYC procedure to upgrade your service. If you are still not convinced then you need to learn the benefits that it brings to the table. Video KYC: The helpful features The video KYC procedure offers many advantages. One of the biggest benefits to consider here would be the fact that it is completely a paperless procedure. You no longer have to undergo or, make your clients undergo any kind of paperwork. The verification is done online and ...