Video KYC is Being Implemented Across Various Sectors
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...