How One-Stop Video KYC Solution is Boosting the Digital Journey? The harrowing experience the last year put us through, gave us the final push towards a digital future. Although many activities had already started going virtual, somehow it was not happing on a large-scale. However, the pandemic made it clear that the only way to remain functional is to go virtual and the organizations followed soon. The RBI's approval of Video KYC India was a game-changer and it proved to be a boon for banks, financial institutes, who could carry out the vital verification procedure remotely.
Video based KYC identification: A new chapter As other regulatory bodies took note and gave their approval, a host of other institutes were allowed to open doors to the Video KYC. The result so far has been astounding, the businesses are running smoothly with the verification being done online, meaning there is no paperwork involved and definitely no IPV.
The procedure is almost instant and the customer just needs to have access to a Smartphone and internet connection. The live photo of the customer and documents is captured and the location is