Wednesday, March 22, 2023
Night Innovations
NEWSLETTER
No Result
View All Result
  • Business
    B2B BUYERS IN 2023

    WHAT CONCERNS MOST TO B2B BUYERS IN 2023

    LОАN TО ADULT CHILDREN

    Hоw Tо Use Inсоmе Splitting By Making A Lоаn Tо Adult Children

    Ways To Expand Your Network

    5 Ways To Expand Your Network As An Entrepreneur

    SEO reseller companies

    All you need to know about SEO reseller companies

    Labour Hire Agency In NSW

    Reasons To Choose Construction Labours From Labour Hire Agency In NSW, Australia

    Sustainable Company

    5 Characteristics Of A Truly Sustainable Company

  • LifeStyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    Places In Taos

    Must See Places In Taos, NM

    How to keep your sneakers clean

    How to keep your sneakers clean and spotless?

    Invest In A Fabric

    3 Things You Need To Know Before You Invest In A Fabric

    Tutoring help your child

    How does tutoring help your child?

    Filing Cabinet

    Filing Cabinet: Get Everything Arranged and Sorted

    How to avoid a visit to a Phone Repair Store?

    How to avoid a visit to a Phone Repair Store?

  • Tech
    The impact of cloud hosting on website performance

    The impact of cloud hosting on website performance

    Cell Phone Repair Store

    5 Misconceptions Cell Phone Repair Store in Airdrie Highlights

    cell phone repair

    How to find good cell phone repair in Idaho?

    Apple Phone Repair Store

    How to Maintain an iPhone? 10 Tips by Apple Phone Repair Store

    Laser Rust Removal

    How to Use Laser Rust Removal for a Perfect Finish

    Cell phone repair store

    10 best ways to speed up your iPad according to ocean city cell phone repair store

    Phone Repair Store

    Recommendations by Phone Repair Store on Reusing a dead phone

    How to avoid a visit to a Phone Repair Store?

    How to avoid a visit to a Phone Repair Store?

    Reasons Why to Select a Phone Repair Store in Brooklyn

    Reasons Why to Select a Phone Repair Store in Brooklyn

  • Cryptocurrency
    Top 3 Benefits of Cryptocurrency

    Top 3 Benefits of Cryptocurrency

    KuCoin

    KuCoin most recent prices for cryptocurrencies

    Cryptocurrency

    Four Ways to Buy Cryptocurrency

    Exploring the Features of Ripple in Detail

    Exploring the Features of Ripple in Detail

    What is the Safest Way to Invest in Bitcoin?

    Crypto: What is The Safest Ways to Invest

    What is the Safest Way to Invest in Bitcoin?

    What is the Safest Way to Invest in Bitcoin?

    4 Best Ways to Make Money in the Cryptocurrency Industry

    4 Best Ways to Make Money in the Cryptocurrency Industry

    What is ecash XEC Token Analysis and price prediction

    How do I Buy Bitcoin

    How Do I Buy Bitcoin – 5 Helpful Steps For Crypto Investing

  • Entertainment
    • All
    • Games
    TikTok

    How to download TikTok videos without watermarks in 2022?

    Global SaaS Security Market Share : 2022-2028

    Global SaaS Security Market Share : 2022-2028

    blaze-fielding-streets-of-rage-4

    Streets of Rage 4 – Blaze Fielding

    Hollywood Classic Movies

    6 Hollywood Classic Movies for Sci-Fi Genre Fans

    How to build a castle with a fort building kit?

    How to build a castle with a fort building kit?

    The Ascent Gameplay

    The Ascent-Best Cyberpunk Game

    thoptv-pro

    ThopTV Pro App (Android Streaming) – Download

    Voot for PC,Windows 10,8,8.1,7,Mac,Laptop & Desktop

    Voot for PC,Windows 10,8,8.1,7,Mac,Laptop & Desktop

    download YouTube videos with Genyoutube

    Download YouTube Videos MP3 GenYoutube for free Online

  • Home Improvement
    Best space-saving furniture

    Best space-saving furniture for a clutter-free home

    Home Improvements

    What Are the Top Home Improvements for Increasing Value?

    Overlooked

    6 Home Essentials That Are Often Overlooked

    construct your kitchen

    How to construct your kitchen

    Do you require real estate agent to sell your home?

    Do you require real estate agent to sell your home?

    Mattress Cleaning

    Common Myths About Mattress Cleaning

    Security Systems

    What are Physical Office Security System for Data Protection

    best-shark-canister

    Best Shark Canister Vacuums You Should Buy

    Laminate

    Vinyl vs Laminate flooring: Major Differences

  • Automotive
    All-New Honda BR-V

    All-New Honda BR-V is all set for launch on Philippines shores.

    Car's Mileage

    10 Tips To Improve Your Car’s Mileage

    Purchasing a car

    Top 6 Tips to Follow While Purchasing a Used Car

    Car Rental in Dubai

    Top Qualities that Align with a Good Car

    Chevy Engine

    5 Tips to get the most Effective Used Chevy Engine

    electric unicycle

    What is an electric unicycle?

    Automotive Thermal System Market Size, Share Report 2021-26

    Automotive Thermal System Market Size, Share Report 2021-26

    Logistics Robots Market Size, Share Global Report 2021-2026

    Logistics Robots Market Size, Share Global Report 2021-2026

    used acura rlx engine

    Used Acura RLX Engine Benefits Review

  • Business
    B2B BUYERS IN 2023

    WHAT CONCERNS MOST TO B2B BUYERS IN 2023

    LОАN TО ADULT CHILDREN

    Hоw Tо Use Inсоmе Splitting By Making A Lоаn Tо Adult Children

    Ways To Expand Your Network

    5 Ways To Expand Your Network As An Entrepreneur

    SEO reseller companies

    All you need to know about SEO reseller companies

    Labour Hire Agency In NSW

    Reasons To Choose Construction Labours From Labour Hire Agency In NSW, Australia

    Sustainable Company

    5 Characteristics Of A Truly Sustainable Company

  • LifeStyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    Places In Taos

    Must See Places In Taos, NM

    How to keep your sneakers clean

    How to keep your sneakers clean and spotless?

    Invest In A Fabric

    3 Things You Need To Know Before You Invest In A Fabric

    Tutoring help your child

    How does tutoring help your child?

    Filing Cabinet

    Filing Cabinet: Get Everything Arranged and Sorted

    How to avoid a visit to a Phone Repair Store?

    How to avoid a visit to a Phone Repair Store?

  • Tech
    The impact of cloud hosting on website performance

    The impact of cloud hosting on website performance

    Cell Phone Repair Store

    5 Misconceptions Cell Phone Repair Store in Airdrie Highlights

    cell phone repair

    How to find good cell phone repair in Idaho?

    Apple Phone Repair Store

    How to Maintain an iPhone? 10 Tips by Apple Phone Repair Store

    Laser Rust Removal

    How to Use Laser Rust Removal for a Perfect Finish

    Cell phone repair store

    10 best ways to speed up your iPad according to ocean city cell phone repair store

    Phone Repair Store

    Recommendations by Phone Repair Store on Reusing a dead phone

    How to avoid a visit to a Phone Repair Store?

    How to avoid a visit to a Phone Repair Store?

    Reasons Why to Select a Phone Repair Store in Brooklyn

    Reasons Why to Select a Phone Repair Store in Brooklyn

  • Cryptocurrency
    Top 3 Benefits of Cryptocurrency

    Top 3 Benefits of Cryptocurrency

    KuCoin

    KuCoin most recent prices for cryptocurrencies

    Cryptocurrency

    Four Ways to Buy Cryptocurrency

    Exploring the Features of Ripple in Detail

    Exploring the Features of Ripple in Detail

    What is the Safest Way to Invest in Bitcoin?

    Crypto: What is The Safest Ways to Invest

    What is the Safest Way to Invest in Bitcoin?

    What is the Safest Way to Invest in Bitcoin?

    4 Best Ways to Make Money in the Cryptocurrency Industry

    4 Best Ways to Make Money in the Cryptocurrency Industry

    What is ecash XEC Token Analysis and price prediction

    How do I Buy Bitcoin

    How Do I Buy Bitcoin – 5 Helpful Steps For Crypto Investing

  • Entertainment
    • All
    • Games
    TikTok

    How to download TikTok videos without watermarks in 2022?

    Global SaaS Security Market Share : 2022-2028

    Global SaaS Security Market Share : 2022-2028

    blaze-fielding-streets-of-rage-4

    Streets of Rage 4 – Blaze Fielding

    Hollywood Classic Movies

    6 Hollywood Classic Movies for Sci-Fi Genre Fans

    How to build a castle with a fort building kit?

    How to build a castle with a fort building kit?

    The Ascent Gameplay

    The Ascent-Best Cyberpunk Game

    thoptv-pro

    ThopTV Pro App (Android Streaming) – Download

    Voot for PC,Windows 10,8,8.1,7,Mac,Laptop & Desktop

    Voot for PC,Windows 10,8,8.1,7,Mac,Laptop & Desktop

    download YouTube videos with Genyoutube

    Download YouTube Videos MP3 GenYoutube for free Online

  • Home Improvement
    Best space-saving furniture

    Best space-saving furniture for a clutter-free home

    Home Improvements

    What Are the Top Home Improvements for Increasing Value?

    Overlooked

    6 Home Essentials That Are Often Overlooked

    construct your kitchen

    How to construct your kitchen

    Do you require real estate agent to sell your home?

    Do you require real estate agent to sell your home?

    Mattress Cleaning

    Common Myths About Mattress Cleaning

    Security Systems

    What are Physical Office Security System for Data Protection

    best-shark-canister

    Best Shark Canister Vacuums You Should Buy

    Laminate

    Vinyl vs Laminate flooring: Major Differences

  • Automotive
    All-New Honda BR-V

    All-New Honda BR-V is all set for launch on Philippines shores.

    Car's Mileage

    10 Tips To Improve Your Car’s Mileage

    Purchasing a car

    Top 6 Tips to Follow While Purchasing a Used Car

    Car Rental in Dubai

    Top Qualities that Align with a Good Car

    Chevy Engine

    5 Tips to get the most Effective Used Chevy Engine

    electric unicycle

    What is an electric unicycle?

    Automotive Thermal System Market Size, Share Report 2021-26

    Automotive Thermal System Market Size, Share Report 2021-26

    Logistics Robots Market Size, Share Global Report 2021-2026

    Logistics Robots Market Size, Share Global Report 2021-2026

    used acura rlx engine

    Used Acura RLX Engine Benefits Review

No Result
View All Result
Night Innovations
No Result
View All Result

How to Choose the Right Video KYC?

Maria James by Maria James
April 8, 2022
in Business
0
Home Business

The banking and other financial sectors are moving towards complete digitalization to have a global reach. The pandemic has also added the needed push to digitalize the customer onboarding process with minimal manual intervention completely. Video KYC is one such digital identification service that helps both customers and banks to carry out the process quickly without a physical visit to the office.

RELATED POST

WHAT CONCERNS MOST TO B2B BUYERS IN 2023

Hоw Tо Use Inсоmе Splitting By Making A Lоаn Tо Adult Children

The technology is also helpful for executive screening and getting accurate KYC details without much paperwork and back and forth visits. There are many video KYC service providers available in the market and choosing the right one might be tricky. Let’s discuss some pointers on identifying the right Video KYC that can bring the best possible results for an organization.

A Brief Note on Video KYC: 

Video KYC involves having a video call with a customer and capturing the KYC information such as photos, Aadhar, Pan Card, etc., in real-time. The digital signature or thumb impression and uploading the e-documents are also part of the video KYC process. The merits of using this system include live data capture, quick processing, easy tracking, and cost-effectiveness, to name a few. The best thing about video KYC is the fact that the customer and the official can carry out the KYC process from the comfort of their home from any corner of the world. The executive screening can also be done in the same manner only the purpose shifts from customer onboarding to employee background verification.

How to Find the Right Video KYC Solution?

The right video KYC solution for your company can be chosen based on weighing the performance as per the below factors:

Data Security:

The banks and financial sectors need to ensure the vide KYC process steps like image capturing, KYC data, signature, and customer profile are secured and match the regulatory requirements. Therefore, data security capability must be assessed while choosing a video KYC solution.

Fraud Detection:

Now customers can provide pre-recorded video for KYC if the live recording fails for some reason. The video KYC solution must offer end-end encryption to avoid any phishing, fraud, or false identification.

Minimal Dropout Rate:

Even though the video KYC process gets completed within 5 minutes, the customer can exit if there are technical issues or delays of any kind. It is challenging to get customers to redo the process, which leads to high dropout rates in the long run. Hence choose a video KYC solution that has the best features and offers a great customer onboarding experience without interruptions.

RBI Compliance: 

As per RBI guidelines, video KYCs must be conducted by an RE officer and an auditor. These officers need video-KYC training, and the activity logs have to be kept for future records. Hence, when you choose to opt for a service provider, ensure they meet the RBI compliance requirements.

Accuracy: 

Choose a video -KYC solution that is AI-driven consisting of high-quality facial recognition technology which offers maximum accuracy. The software must have OCR (optical character recognition), which can extract customer details such as an address, DOB, PAN, Aadhar, etc. Also, the officer must be able to do a liveness check, and GPS coordinates must be captured to confirm the address.

Cost:

There are hundreds of video KYC solution providers offering solutions at different prices. Some may offer services at lower prices but may have reduced features that do not meet your requirements. Hence choose a video-KYC solution that has all the necessary features that help to get accurate KYC data without interruptions and fulfills the RBI compliances at an affordable price.

Customise:

A flexible video KYC solution can help you perform multiple tasks like KYC verification for customer onboarding and executive screening on the same platform. The customization feature can help you set up different dashboards and monitor the activities accordingly. However, the solution must allow you to measure what matters and filter out redundant and irrelevant information.

Video KYC has become a necessity to banks and other sectors due to the pandemic and adding of new customers each day. The above seven factors shall help you make an informed decision on which video-KYC solution is the best for your organization’s goals. If a video KYC solution lacks any aspects, it will directly affect the customer experience, thereby tarnishing the brand value of your company. Hence, choose the video-KYC solution that will become an asset in the long run.

Read More About Night Innovations.

 

ShareTweetPin

Related Posts

B2B BUYERS IN 2023
Business

WHAT CONCERNS MOST TO B2B BUYERS IN 2023

February 20, 2023
LОАN TО ADULT CHILDREN
Business

Hоw Tо Use Inсоmе Splitting By Making A Lоаn Tо Adult Children

January 23, 2023
Ways To Expand Your Network
Business

5 Ways To Expand Your Network As An Entrepreneur

November 21, 2022
SEO reseller companies
Business

All you need to know about SEO reseller companies

November 7, 2022
Labour Hire Agency In NSW
Business

Reasons To Choose Construction Labours From Labour Hire Agency In NSW, Australia

November 7, 2022
Sustainable Company
Business

5 Characteristics Of A Truly Sustainable Company

October 7, 2022
Next Post
Can Android tablets be used for drawing and art?

Can Android tablets be used for drawing and art?

  • xxv 2020 new year

    Xxv 2020 New Year 2021 – 2022

    0 shares
    Share 0 Tweet 0
  • Xnxnxnxn Cube Algorithms Pdf Download

    0 shares
    Share 0 Tweet 0
  • Wwwxnx M Commerce Examples of Resumes Pdf Download

    0 shares
    Share 0 Tweet 0
  • Download Epson L380 Driver Printer & Scanner

    0 shares
    Share 0 Tweet 0
  • Xxneoxx Wolf Gaming Pc Xxyyxx Mix 2018 امریکایی

    1 shares
    Share 0 Tweet 0
Facebook Twitter Pinterest Youtube

ABOUT US

Night Innovations is a portal of refreshing informational blogs that keep you updated about the current affairs & trends going on worldwide.

Follow us

RECENT NEWS

  • Which Is a Better Personal Loan Deal – Overdraft or Term?
  • The impact of cloud hosting on website performance
  • WHAT CONCERNS MOST TO B2B BUYERS IN 2023
  • Hоw Tо Use Inсоmе Splitting By Making A Lоаn Tо Adult Children

CATEGORIES

  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Education
  • Entertainment
  • Fashion
  • Featured
  • Finance
  • Food
  • Games
  • General
  • Health
  • Home Improvement
  • LifeStyle
  • Tech
  • Travel
  • Uncategorized

© Night Innovations Copyright 2022. All Rights Reserved.

No Result
View All Result
  • Business
  • LifeStyle
  • Tech
  • Cryptocurrency
  • Entertainment
  • Home Improvement
  • Automotive

© Night Innovations Copyright 2022. All Rights Reserved.