Video KYC - Is Redefining Customer Verification Experience

 

Do you have any doubt regarding Video KYC? If yes, then proceed further and get every detail you want. In general, Video KYC is considered as the best Biometric Security System which is mainly designed to become the substitute for all kinds of the process of physical verification. To be frank, the video KYC is extraordinarily redefining the experience of customer verification. The video KYC is mainly helpful for all kinds of financial institutions and banks to verify customer identification via validating the document details.

Process of Video KYC:

This kind of process can be submitted via the video recording process. Mainly this kind of process will be carried out by both mobile operating systems like iOS and Android. At the time of interacting with the company representative via the video recorder, the customer is needed to show their original documents like PAN Card, Aadhaar card, Passport and Voter ID Card. This is mainly the new facility of the Video KYC that looks very effortless at the customer side but at the institutional level.

The Biometric Attendance Software is very much similar to this video KYC process. One can able to understand the factors involved with the customer verification experience to understand the entire process out there. From the above-mentioned scenario, now you have clearly understood how Video KYC is redefining customer verification experience.

Benefits of Video KYC:

v  In general, the video KYC mainly verifies individuals via making use of the optical character recognition process and this process is done in real-time.

v  The whole process involved in this Biometric Devices is very much comfortable. When the customers have a tablet and Smartphone with a better network connection then this process is successful.

v  More accuracy and also completely reduce the chances of human errors in the most ultimate manner.

v  The process of geotagging mainly provides an accurate result of the customer location. Therefore wherever the customer goes, their details will be tracked very easily.

v  This kind of process is time-saving and cost-effective.

v  It mainly supports various identity-related documents like PAN Card, Aadhaar Card, Passport, and Voter ID Card.

v  Reduces the submission of forged documents and risk of fraud

v  The same video KYC will be used for more processes like applying for credit cards or loans, opening a fixed deposit and much more.

v  The onboard customers will mainly make use of the fast using artificial intelligence.