Video eKYC
Effortlessly verify your identity through video call
Embrace the Future of Identity Verification with Video e-KYC. In a world driven by digital transformation, the need for seamless and secure identity verification has never been greater. Enter Video e-KYC, a revolutionary solution that replaces cumbersome paperwork with the simplicity of remote identity verification via secure video calls. Let's explore how it works.
Steps for Video e-KYC
Get Started
Customer visit bank's website bank/credit account sign up and schedule demo call.
Notification
Bank employees get notification as lead in their existing portal collect the information & generate e-KYC link to customer.
Video Call Initiation
After clicking the link, the customer will be on video call with the bank official.
Document Verification
The bank employee checks identification documents over the video call.
Biometric Authentication
The bank employee also verify the identity of the customer through facial recognition and artificial intelligence.
Address Verification
Address verification is done by the customer using geo-tagging and Google maps.
Self Attestation
The bank employee verifies whether the face and signature match with the documents presented by the bank employee.
Verification Outcome
The verifier passes or rejects the KYC application after verification.
Backend Review
The back-end team auditor reviews the details and process the applications.
Customer Notification
The customer will get notified when e-KYC is successful or failed via SMS or email.
e-KYC Priority Service
User receives consultation instantly.
What Is e-KYC?
e-KYC, or electronic Know Your Customer, is a digital process that enables secure and remote identity verification for various purposes, from opening a bank account to accessing online services. It replaces traditional in-person verification with efficient and reliable digital methods.
Video Conference Platform
Role of Video Conferencing in e-KYC
Video conferencing plays a pivotal role in e-KYC by providing a secure and real-time channel for identity verification. It allows organizations to interact with customers remotely, ensuring document authenticity, biometric authentication, and a high level of scrutiny, all while fostering trust and transparency.
Video Conference PlatformAdvantages of Video Conferencing in e-KYC Technology
Secure
The Meet Hour Video SDK uses end-to-end encryption to protect the data that is transmitted and stored. This helps to ensure that the data is not intercepted or tampered with.
Reliable
The Meet Hour Video SDK is a reliable platform that is available 24/7. This means that businesses can conduct eKYC at any time, day or night.
Scalable
The Meet Hour Video SDK is scalable, so it can be used by businesses of all sizes. This makes it a cost-effective solution for businesses that are looking to implement eKYC.
Face verification
The Meet Hour Video SDK can be used to verify the identity of the customer through facial recognition. This can be a more secure way to verify identity than traditional methods, such as ID card verification.
Document verification
The Meet Hour Video SDK can be used to verify the authenticity of documents presented by the customer. This can be done by comparing the document to a database of known documents or by using OCR technology to extract data from the document..
Geo-location
The Meet Hour Video SDK can be used to determine the location of the customer during the eKYC process. This can help to prevent fraud and ensure that the customer is who they say they are.
Audit logs
The Meet Hour Video SDK can generate audit logs of all eKYC sessions. This can help to track the progress of the eKYC process and to identify any areas where improvement is needed.
Industries Benefits from e-KYC
e-KYC technology is versatile and finds applications in various industries, including:
Banking & Finance
eKYC is used by banks and other financial institutions to verify the identity of customers opening new accounts, applying for loans, or making investments.
Insurance
eKYC is used by insurance companies to verify the identity of customers applying for policies. This helps to ensure that the customers are who they say they are.
Telecom
eKYC is used by telecom companies to verify the identity of customers opening new mobile phone accounts and also it helps to prevent fraud.
Retail/Ecommerce
eKYC is used by retailers to verify the identity of customers making online purchases. This helps to prevent fraud and ensure that the customers are who they say they are.
Healthcare
eKYC is used by healthcare providers to verify the identity of patients. This helps to ensure that they have the right to access the healthcare services.
Travel & Hospitality
eKYC is used by travel companies to verify the identity of customers booking flights or hotels. This helps to prevent fraud and ensure that the customers are who they say they are.
Real estate
eKYC is used by real estate companies to verify the identity of buyers and sellers. This helps to prevent fraud and ensure that the transactions are legitimate.
Meet Hour Video SDK can streamline eKYC processes effectively in a few ways
It can be used to integrate video conferencing into their eKYC solution. This can help to make the process more efficient and convenient for customers. It can be used to collect and store data during the eKYC process. This data can be used to verify the identity of the customer and to generate reports on the eKYC process. It can be used to integrate with other eKYC solutions, such as facial recognition or OCR. This can help to make the eKYC process more secure and efficient. Overall, the Meet Hour Video SDK can be a valuable tool for businesses that are looking to implement eKYC. It can help to make the process more efficient, secure, and convenient for customers.
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