Kwik.ID

  The pandemic brought home the reality that we need to embrace the digital, as the digital solutions have the power to deliver what we were denied during the new normal situation. The prolonged lockdown made our stay at home and without there being accessibility to the normal ways of life, things could have truly gotten complicated, had it not been for the video KYC. However, the timely introduction to the Video-based KYC identification solved so many issues for the banking sector as well as for the financial sector at large. The beneficial features of the video KYC process not only helped us out but, also upgraded the verification system. Things can completely change when you have access to such a powerful solution. It was no doubt a revolutionary solution. Video KYC for Banks: The Advantages are Hard to Ignore: The Video KYC , is completely paperless and that does make the verification process much more fuss-free and simple. To be frank, the submission of the documents and then...

  The digital activities were gaining momentum in the pre-COVID world, where we were making digital payments, and we were also busy doing online shopping. This was only an alternative platform for us which we resorted to when we preferred but the moment we were hit by the pandemic, it was no longer a choice it was the only way of survival. Things couldn't have been better, as the Video KYC was introduced and helped the banking and the entire finance sector later on to survive the onslaught of the new normal situation. With the pandemic still raging on, it is time to appreciate the beneficial features and the effects of the video KYC procedure. Video KYC India: A Welcome Change In order to keep the fraudulent activities at bay, the KYC procedure was introduced in the first place. The submission of documents, followed by a long waiting phase during which sorting and verification would be done and then getting an IPV and later on approval made the traditional KYC a tedious process an...

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 ...

As we are almost at the end of the year, we have begun adjusting to the new world order imposed by the pandemic and which seems to be centering around social distancing. This is undoubtedly a challenging time that made the entire world go immobile for some time, but, when a challenge or, obstacle rears its head, you have to find a way to overcome that. The new reality is definitely challenging. but it only helped in motivating people to take the challenge to the next level.  As the world suddenly had to come to a screeching halt, we realized that since the conventional way of functioning is no longer a viable option, the businesses took the alternative route and opted for digitization. Digital has definitely become a way to move forward and with  Video based KYC identification  being approved the RBI, banks and other financial institutes are being able to function and get the customers on board.   The procedure offered a timely solution in a situation that otherwise ...