Following the comprehensive Video KYC FAQ, here is a quick summary of how to deploy the Video KYC solution into your client onboarding flow to remain compliant with the steps specified by the regulator. The Video KYC process can be split into three pillars (Before, During and After) taken from the V-CIP process defined in […]
Video KYC FAQ
1.What is Video KYC Video KYC allows a regulated entity to open an account-based relationship with a customer without meeting the customer face to face. The customer can, through a video call, chat directly with a Banker, provide all the identity documents to verify who they are and complete the account opening steps in a […]
Video Customer Identification (V-CIP)
The move removes the need to go into a branch, invite strangers to the house, share paper copies, or wait for days for the account-opening process to be completed. Instead, the customer can, through a stroke of a video call, chat directly with a Banker, provide all the identity documents to verify who they are […]
Digital Identity Verification: By diverse means, we begin to understand the depth of the problem and its cure.
Identity verification seems like a natural casualty of the times. From a friendly application to a friendly nod from the Banker, the account opening steps have been turned on its head for a generation, maybe more. People scorn at the sound of paperwork and identity proofs, and for good reasons. World Bank’s Findex suggests that […]
What is KYC and why is Digital KYC such an integral part of progress
‘Know Your Customer’ or ‘KYC’ – as is the popular term for identity verification – follows a citizen like a shadow, throughout life, for a range of rights and services, intricately linked to one’s progress from education to employment to healthcare and finance. Imagine the lack of education for lack of KYC; or lack of […]
Aadhaar Compliance – Are you compliant with Aadhaar Masking?
What is Aadhaar masking? As per UIDAI, masking refers to covering the first eight digits of Aadhaar number – in physical or digital form. More precisely, masking refers to concealing the first 8 digits of the Aadhaar Number in your Application and the Aadhaar Card Image (captured as POI or POA). Did you know that […]
KYZO – Groundbreaking Digital KYC – Brings formidable form, shape and gravity to solving the world’s KYC crisis.
Lack of identity is an impediment for people to exercise their basic democratic and human rights. Digital identification can help overcome barriers to participation (World Bank Report, 2016). ‘Know Your Customer’ or ‘KYC’, follows a common man like a shadow for a range of rights and services. Insurance, investment, health, education, social welfare and financial […]
An inclusive Digital KYC as an alternative to Aadhaar KYC
The Indian KYC Context. Mutual relationship between regulated businesses and their customers begins with a simple step: Know Your Customer (KYC). This process was fraught with paper work, delays, intrusive checks and excessive costs until a few years ago. Aadhaar changed this dramatically with the introduction of Aadhaar KYC which had limited but enough information to establish […]
Aadhaar KYC is no longer binding, could Atlas KYC be the alternative?
Mutual relationship between a regulated business and their customer begins with a simple step: Know Your Customer (KYC). This process was fraught with paper work, intrusive checks and prohibitive costs to the tune of INR 150 – 175 per KYC. Aadhaar changed this dramatically with the introduction of Aadhaar eKYC in 2016 bringing down the […]
Face authentication as part of Aadhaar eKYC to add additional security.
Obtaining a SIM is fairly straightforward in India, thanks largely to Aadhaar (Unique ID linked to people’s biometrics) that nearly every Indian has now. All a citizen needs to do is to provide their Aadhaar number and biometrics (fingerprint of iris) and the KYC is done electronically. Instantly. While this seems like a perfect solution, […]