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Video-kyc

RBI Governor Announces Changes to KYC Norms; Emphasizes Video KYC

Regulations,Video KYC

RBI Governor Releases Statement On May 5, 2021, the governor of the RBI, Shaktikanta Das released a statement looking back on the year 2020. In his statement, the governor assessed the state of the Indian economy and announced several measures the RBI...

Why Registered Intermediaries Need To Implement Video KYC For Mutual Funds

Video KYC

KYC Verification For Mutual Fund Investment Know Your Client (KYC) is a crucial aspect of customer due diligence undertaken on the part of institutions in order to prevent instances of financial crime including money laundering, funding of illicit activities...

All About Video KYC – Everything You Need To Know About Video-Based KYC Verification

Video KYC

What is Video KYC? Video-based KYC or Video KYC is a recently introduced KYC (Know Your Customer) procedure, involving the video-based verification of a customer’s KYC details. A customer’s KYC details are collected & verified typically before...

How OCR-based verification can expedite the insurance claims process

Video KYC

How does the insurance claims process usually go? Most people who have had to lodge an insurance claim know how long the process usually takes. The average time for claims-related funds to be dispersed to claimants is around 9 days, a figure that must...

Why NBFCs Require A Holistic Approach To KYC Verification

eKYC,Video KYC

KYC Verification: One size doesn’t fit all Know Your Customer (KYC) procedures are a huge pain point for banks, NBFCs, insurers & several other businesses. These procedures are subject to rapid change, entail huge costs and precipitate huge losses...

The Impact Of COVID-19 On Finance & Money Laundering

Video KYC

What has the overarching impact of COVID-19 been? We are currently living through unprecedented times. Most of us have never seen the world and our lives shaped so instantaneously by a single occurrence, the way COVID-19 has remoulded global relations. ...

Enhancing Customer KYC Verification: 3 Key Steps for Maximum Effectiveness

Video KYC

KYC Verification KYC Verification is an integral part of the customer onboarding process in the BFSI sector due to the widespread occurrence of money laundering & fraud within the banking & insurance industries. KYC has become an important tool...

How You Can Optimize Credit Card Onboarding With Video KYC

Video KYC

Credit Card Onboarding Onboarding a credit card user is usually a pretty complicated and extensive process. The competitive nature of the financial services industry further exacerbates the difficulty of and time spent on onboarding a single user. Credit...

Why Document Verification Is The Future Of KYC

Video KYC

Data-centric KYC Most of us are familiar with data-centric verification methods, although we probably haven’t heard that term used to describe these methods. For the longest time the only way to verify customers involved verifying information reported...

How Your Business Can Automate Vendor Contracts & Onboarding

Video KYC

Managing vendor contracts and onboarding processes is essential for seamless vendor management. However, traditional methods for vendor onboarding can often be inefficient. Critical projects are delayed because manual onboarding processes drag on for...