{"id":7267,"date":"2022-08-22T10:59:45","date_gmt":"2022-08-22T10:59:45","guid":{"rendered":"https:\/\/signdesk.com\/in\/?p=7267"},"modified":"2025-09-17T07:31:04","modified_gmt":"2025-09-17T13:01:04","slug":"assisted-and-non-assisted-kyc-verification","status":"publish","type":"post","link":"https:\/\/melento.ai\/en-in\/blog\/assisted-and-non-assisted-kyc-verification","title":{"rendered":"Assisted & Non-Assisted KYC Verification – All You Need To Know"},"content":{"rendered":"

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What is Assisted & Non-Assisted KYC?<\/b><\/span><\/h2>\n

KYC, often known as “Know Your Customer” or “Know Your Client,” is a set of rules for verifying a user’s identity before or while transacting business with banks and other financial institutions.<\/p>\n

The process of KYC verification can be undertaken in two ways – assisted and non-assisted KYC verification<\/strong><\/a>.<\/span><\/p>\n

Assisted KYC verification is an iteration of the KYC process in which a registered official from the business conducting KYC, helps the customer carry out the KYC check.<\/p>\n

In contrast, non-assisted KYC verification or self KYC is when the customer completes the KYC verification with no assistance from an official.<\/p>\n

KYC verification is an integral part of the Customer Due Diligence<\/span><\/a><\/span> (CDD) process, to mitigate risks of fraud and financial crime by ensuring compliance with AML\/CTF regimes. Additionally, strong KYC checks help boost onboarding efficiency, reduce expenses, and provide customers with a seamless onboarding journey.\u00a0<\/span><\/p>\n

Assisted & non-assisted KYC may be carried out by businesses in select industry segments as mandated by regulators, with each type possessing its own set of advantages for businesses.<\/p>\n

Types of KYC for Businesses<\/b><\/span><\/h3>\n

The following are types of KYC that prevalent among enterprises:<\/p>\n

Physical KYC<\/strong><\/span><\/p>\n

This type of KYC verification uses physical copies of the address and identification documents that have been self-attested. Customers must personally visit the bank, fund house office, or KYC Registration Agency to deliver the signed form and the necessary supporting documents.<\/p>\n

Aadhaar-based eKYC<\/strong><\/span><\/p>\n

This technique uses information acquired by the Unique Identification Authority of India (UIDAI) to remotely authenticate customers. Customers can choose biometric verification or Aadhaar OTP-based verification<\/span><\/a>.<\/span><\/span><\/p>\n

Offline KYC<\/strong><\/span><\/p>\n

The user inserts their Aadhaar number and the OTP they received to decrypt an Aadhaar XML file holding their KYC information during the offline KYC verification process. Alternately, offline KYC can be completed by scanning the Aadhaar card’s QR code.<\/p>\n

Digital KYC<\/strong><\/span><\/p>\n

KYC verification is completed online in this case. The customer takes a picture of themselves, takes live photos of the original documents, and uploads scanned copies of their KYC documents<\/a><\/span>. After that, OCR is utilized to extract data from the document images, which is then compared to KYC information acquired via APIs.<\/p>\n

Digital KYC can be either assisted or non-assisted.<\/p>\n

Assisted & Non-Assisted KYC: How It Works<\/b><\/span><\/h3>\n

Online KYC verification<\/a><\/span> is among the most useful tools for businesses. Customers can be onboarded and verified remotely at low costs and high speeds.\u00a0<\/span><\/p>\n

The online KYC verification process may be carried out in one of two ways.<\/p>\n

Assisted KYC Verification<\/b><\/span><\/h4>\n

The assisted KYC verification was first introduced in the form of the VCIP (Video-based Customer Identification Procedure) by the RBI for KYC verification in banks and NBFCs.<\/p>\n

The process was then also adopted by the IRDAI and SEBI for onboarding in the insurance and securities segments, respectively. As mentioned previously, this process involves a registered executive taking the customer through the KYC process.<\/p>\n

Here\u2019s how assisted KYC verification works.\u00a0<\/strong><\/p>\n