Fintech APIs
Video KYC
Signzy systems have been designed for banking grade technology. This means that they meet the strictest infosec regulations and data security requirements. Signzy Video KYC is being used to onboard thousands of customers every month by SEBI-regulated institutions. This solution has matured over dialects, browsers and low-internet scenarios.
With RBI’s progressive move to bring Video KYC (Video Customer Identification Process) 2020, we look forward to onboarding RBI-regulated institutes on our battle-tested solution.
Features
Real-time PAN verification
Matching face on ID with face in video
Unlimited video storage and instant retrieval
Geo-location capture and IP check
Seamless and interactive UI for live video interaction
End-to-end encryption for video, channel, and communication
Video forensics for pre-recorded risk and spoof detection
Digital Forgery check on the displayed ID proof
Customer identity verification through offline Aadhaar XML
Time stamp and audit trail for every application and video interaction
Compliance To Regulatory Mandate
|
Video KYC Regulations |
Measures |
|---|---|
|
Official of the RE performing the V-CIP shall record video as well as capture photograph of the customer present for identification |
|
|
RE shall capture a clear image of PAN card to be displayed by the customer during the process |
|
|
Consent based audio-visual interaction with the customer to obtain identification information including the documents required for CDD purpose |
|
|
Live location of the customer (Geotagging) shall be captured to ensure that customer is physically present in India |
|
|
Ensure that photograph of the customer in the Aadhaar/PAN details matchesg with the customer undertaking the V-CIP |
|
Solution Benefits
Higher Application Accuracy
Comprehensive Training Program
100% compliant with latest RBI Mandate
Reduced back office overheads (upto 70%)
Plug and Play solution, swift Go-To-Market
Plug and Play solution, swift Go-To-Market
Competitive Advantage through customer delight
Exponentially increase Scale of Operations
Reduction in customer Drop-offs (upto 50%)
Platform Agnostic, support multiple communication channels
Signzy’s Video KYC Journey
In 2016, a company of 5 people presented a video onboarding solution at an RBI-sponsered competition among large banks like SBI and HDFC. To everyone’s surprise, we won that competition for our seamless onboarding using Artificial Intelligence. All the bankers at the event told us this was too futuristic and not practical. We won the award, but no customers.
Now, in 2020 RBI has notified rules for V-CIP. This is a monumental step in our journey and validates the vision and belief with which we kept building products for four years which did not seem relevant in the present.
Start your journey to digital transformation now
