Integrate with Video KYC Solutions to Smooth Your Customer's Onboarding Process

Onboard your customers in the comfort of their homes. Adopt the smart video kyc process it gives the ultimate experience to sign up for your banking services in a trusted manner, even remotely. Not only this, but it also helps prevent fraudulent activities, which have become a serious concern nowadays.

Digitization is becoming important with each passing day. Therefore, video KYC makes it easy for the users to verify through a live session with KYC experts. If you adopt these smart verification processes, it strengthens your brand’s reputation, alongside the customers will consider your onboarding process more reliable.

How does Video KYC Smooth the Customer Onboarding Process?

KYC professionals assisted remote customer verification via robust liveness detection. With the rapid advancement of technology & the acceptance of all-new digital solutions, many things have become easy.

1. Sign up for Your Services via Live Video Call

If you adopt video kyc solutions, your customer gets on the live video call with a KYC expert after signing up on your platform. This is one of the most suitable methods to open a new account remotely.

2. Use Special Techniques for Liveness Detection

The KYC experts interview potential customers for their liveness detection via using facial recognition techniques. This is considered the best onboard method because it satisfies the KYC experts. In fact, it will also give the ultimate experience to the customer as well.

3. Perform the Document Verification

Document verification is one of the essential tasks to be performed during the onboarding process. In this process, the customer is asked to show their identity proof document in front of the camera in real-time. If your identity matches the documents that you have shown during the verification process, then you will be eligible to proceed ahead.

4. Face Verification Solutions

In this process, the customer’s face is matched with the face on the ID document to verify the customer's identity. With technological development, everything revolves around transformation. Most financial institutions are finding new ways to upgrade their system wherein facial verifications is one of the smartest choices for remote customer onboarding.

Automated Video KYC Process Can Trigger Your Business

Video KYC helps many organizations by eliminating the hassle involved in manual verification. Meanwhile, customers feel satisfied with the Video KYC procedure as they don’t need to step out of their homes. Most banks and financial companies are making a move to integrate an automated video KYC verification solution as it seems useful these days.

It offers great help to businesses around the globe who are looking for a contactless customer onboarding process. After COVID-19, the whole world quickly moved toward this verification method to save both time & cost.

To ensure the verification system works effectively, adopt the high-end video kyc solutions. Many solutions are present in the market that relies on AI-powered facial recognition technology. It would be best to choose a company that delivers a smooth customer onboarding experience.

Video KYC Reduced Cost & Offer Advanced Security

Surprisingly, the video identity process helps in cost reduction. Moreover, it is considered the most flexible method that allows for no additional cost. It reduces the overall cost of customer onboarding which KYC usually consumes.

The video kyc process is quite effective as it helps speed up the onboarding process. Thus, the KYC experts can deal with hundreds of customers daily. On the other hand, manual KYC processes are lengthy and cumbersome. Moreover, it is more vulnerable to errors, increasing the customer drop-off rate. However, the video kyc process takes only a few seconds.

Final Words:

Do you want to prevent fraud attempts and errors in your onboarding process? Visit the website. They are committed to delivering excellent solutions to their clients.

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