Fintech APIs

Video KYC

Video KYC
V-CIP

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.

Video KYC

Features

Credit Card

Real-time PAN verification

Credit Card

Matching face on ID with face in video

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Unlimited video storage and instant retrieval

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Geo-location capture and IP check

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Seamless and interactive UI for live video interaction

Credit Card

End-to-end encryption for video, channel, and communication

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Video forensics for pre-recorded risk and spoof detection

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Digital Forgery check on the displayed ID proof

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Customer identity verification through offline Aadhaar XML

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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

  • Auto image capturing
  • Real-time Verification

RE shall capture a clear image of PAN card to be displayed by the customer during the process

  • Consent declaration
  • Document upload option

Consent based audio-visual interaction with the customer to obtain identification information including the documents required for CDD purpose

  • Consent declaration
  • Document upload option

Live location of the customer (Geotagging) shall be captured to ensure that customer is physically present in India

  • Image classification and Appropriate UX

Ensure that photograph of the customer in the Aadhaar/PAN details matchesg with the customer undertaking the V-CIP

  • Face Match of Video with ID card

Solution Benefits

Higher-Application-Accuracy

Higher Application Accuracy

Comprehensive-Training-Program (2)

Comprehensive Training Program

compliant-with-latest-RBI-Mandate

100% compliant with latest RBI Mandate

reduced-back-office-overheads

Reduced back office overheads (upto 70%)

Plug-and-Play-solution-swift-Go-To-Market

Plug and Play solution, swift Go-To-Market

Plug-and-Play-solution-swift-Go-To-Market

Plug and Play solution, swift Go-To-Market

Competitive-Advantage-through-customer-delight

Competitive Advantage through customer delight

Exponentially-increase-Scale-of-Operations

Exponentially increase Scale of Operations

reduction

Reduction in customer Drop-offs (upto 50%)

platform-agnostic-support-multiple-communication-channels

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.

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