Let Video KYC Transform Your Business

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 longer have to deal with tedious paperwork that is inevitable with physical KYC. There would be room for error and now with video KYC, this could be eliminated, because the process is live and involves advanced technology so, there is no room for human error.
  • The physical KYC procedure takes time, once the documents are submitted, you need to collect, sort, process, and verify information which could be time-consuming. But with video KYC the entire process takes place instantly. This does enable you to get the customers on board quickly without having to worry about there being any delay.
  • The One-stop video KYC solution lets you lend security to the process. The customer ID, as well as the address of the customer, get verified really fast and in real-time. The sensitive information stays secure and you also do not have to worry about there being any fraudulent activities.

So, move towards the future with confidence empowered by Video KYC.

Comments

Post a Comment

Popular posts from this blog

Video KYC for Banks is Here to Stay

Image
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...
Read more

Tourism and Other Industries are Turning to Video-based Solutions

Image
  The pandemic is definitely causing big paradigm shifts across industries around the world, the situation has changed in such a big way as we all hurried to resort to digital solutions. Every industry had to struggle to fit into the new normal, the situation was most definitely complicated as the very survival of the industries was under threat, the hospitality industry especially was having a tough time, they had to shut the shop for longer months and there was no way they could have stayed afloat. As slowly things started getting back to normal the industry needs to find its unique digital solutions to stay functional. The video-based solutions including the video KYC verification will probably be accepted norms now. To understand its impact let’s take a deeper look at the situation. Video-based solutions: The auto-check-in would be a reality from now on as this is definitely a measure that the customers can enjoy and this would also enable the staff to maintain a safe distance...
Read more

Video KYC is Being Implemented Across Various Sectors

Image
  During the pandemic, online services and remote work culture became prevalent among people. Various sectors and industries had to implement solutions that could help them adjust to this new trend in the work culture. For example, the onboarding process can now be done remotely with the tools of video KYC solution providers . Nowadays, companies from both the financial and non-financial sectors have started implementing this solution in their workspace. Let us look at some of the industries that have started using video KYC . Sectors Using the Video KYC: Banks Many banks have started using the tools of video KYC solution providers to do the verification process of their customers. It is especially helpful for people opening a new account as their verification process is completed quickly within a few minutes. They can have access to their bank account as soon as their identification process is completed . Insurance Companies Previously, people had to fill out multiple forms and pr...
Read more