Ekyc

View all demos • ▼ • • Drive growth using automated onboarding. • Navigate regulatory compliance in each region. • Automate processes to reduce the cost of customer acquisition. • Prevent fraud to protect your business and customers. • Navigate know your customer compliance. • Create confidence in user identity. • Meet regulatory needs and protect your fleet. • Automate onboarding and maximize conversion. • ▼ • • Automate onboarding, prevent fraud, and navigate KYC. • Seamlessly onboard players and meet KYC requirements. • Know your patient using digital verification. • Protect your platform, reputation, and users. • Prevent account takeover and chargeback fraud. • Meet regulatory requirements and stop fraud. • Verify renters, drivers, and riders. • ▼ • • • • • • • • ▼ • For developers Everything you need to get started with Onfido. • • • • eKYC refers to conducting know your customer (KYC) processes in a digital way. KYC processes are often mandated by regulatory bodies for regulated industries. These include financial services — like banking and insurance — and age restricted businesses such as online gambling. Businesses in regulated industries conduct KYC to verify information their customers provide. Its purpose is to curtail money laundering, ensure services aren’t provided to sanctioned individuals, and generally prevent customers from accessing services they shouldn’t be accessing. Businesses used to conduct KYC processes largely in person. A business would take in...

• • Aadhaar Plus Automated Aadhaar Card Verification • Document Verification Automate Manual Data Entry • Liveness Detection Active/Passive Liveness Check • Face Trace Enhancing Customer Experience • Face Match AI-Baced Face Authentication • Government DB Check Safeguard your Business Interests • Video KYC Onboard Customer in Seconds • • Identity Verification Accurate Customer Verification • AML Screening & Monitoring Meet your Regulatory Requirements • Digital Onboarding Instant Customer Onboarding • KYX Solution Customize your Onboarding Flow • • Banking and Financial Services Increase Account Opening • Telecommunication Meet Compliance Requirements • Insurance Enhance Customer Experience • Gaming Improve Sign-up Rates • Retail Services Reduce Checkout Abandonment • Shared Economy Build Trust Between User & Partner • Travel Increase Booking Conversions • • Blog • Webinars • Whitepapers • Infographics • Identity Dictionary • Frequently Asked Questions • • With the rising fraud in the financial industry, it is critical to preserve adequate client records in order to track any questionable behaviour. CKYC standards were implemented to reduce illicit activities in the financial sector. This aids in getting to know the consumer better. This contributes to the investment’s security. KYC has been replaced by Central Know Your Customer – CKYC. Previously, KYC rules included a separate KYC format for each organisation. However, with the introduction of CKYC, the consumer will no ...

» OpenID Connect Identity Assurance / eKYCexplained The digital economy, despite its recent successes in online marketplaces and finance, cannot meaningfully evolve into new fields without easy, standard access to verified identities. This fundamental need inspired the eKYC / Identity Assurance extension to OpenID Connect. Applications and services can now use it to obtain verified person data andmetadata. 1. Knowing yourcustomer For a transaction or contract to be valid and enforceable under the law one crucial criteria must always be fulfilled - the parties involved must be who they claim to be. This applies to all contracts, on paper as well as those made online. One crude method to verify a customer's identity online has been to request a credit card or other payment method for validation. But this approach has assurance issues and limitations - in terms of reliably identifying the person, to which the reported annual global credit card fraud exceeding U$ 20 billion testifies, and in terms of what details can be checked, typically limited to the cardholder'sname. Depending on the type of transaction, perceived risk and government regulations to be met, such as anti-money laundering laws, a business may require a stronger and more adequate assurance of identity to conduct its transactions digitally andonline. 2. Legal and contractual concerns in onlinetransactions Three concerns come up when businesses consider a shift to onlinetransactions: • That the identity of the o...

What is eKYC (Electronic KYC) is a digital customer KYC verification procedure wherein the identifying details of a customer desirous of obtaining services from a regulated business are verified electronically. The only prerequisite for eKYC is the possession of the 12-digit Aadhaar number. This, along with a registered mobile number (in most cases), is all customers need to complete KYC procedures. eKYC & the eKYC has emerged as a digital alternative to form-based manual KYC processes, in no small part thanks to the introduction of Aadhaar . The Despite being non-compulsory, the Aadhaar initiative already has several billion accounts of citizens, making it the largest digital identity initiative in the world. Demographic information of people signing up for Both demographic and biometric information is collected for Aadhaar enrollment, and these are used for de-duplication to ensure the uniqueness and generate a unique Aadhaar number. Here’s the information collected for Aadhaar. • Demographic information – Name, Date of Birth (verified) or Age (declared), Gender, Address, Mobile Number (Optional), and Email ID (Optional) • Biometric information – Ten fingerprints, Iris scan, Facial live picture Note that this set of demographic information is collected only for self-enrollment in Aadhaar. With this compendium of identifying information already present with KYC verification process. eKYC involves exactly this procedure of information extraction from the UIDAI database and...

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• • • Global Trust Platform • Conduct comprehensive KYC verification • • • • • • • • Verify the authenticity of a business entity • Verify authenticity of your investor • Evaluate individual customer risk scores • • • • • • Screen customers against sanctions lists • • • • Extract data from documents in any language • Identity Verification for Customised Experience • Verifying ID Documents with NFC Verification • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • As the world shifts to digital applications, financial operations are being automated for added convenience. Customers are starting to demand quickness and ease of access to every type of product and service. eKYC is a way to automate the KYC process for improved customer experience. This has the potential to not only speed up the processes but also make them secure. For this reason, regulatory bodies are allowing the use of eKYC methods that ensure the protection of customers’ sensitive data. The standard Know Your Customer (KYC) process implemented by banks and other financial institutions involves steps to verify the identity of customers. eKYC – An Overview KYC verification is a measure that allows businesses to not only mitigate the risks of financial crime but also comply with international standards. It also helps establish trust among businesses and their customers by eliminating the instances of fraud and money laundering. The process of verifying the identities o...

Technology has evolved so rapidly over the past few decades, it can be hard sometimes for businesses to keep up. KYC is an essential part of many industries, but the slow nature of manual or in-person KYC doesn’t mesh with the demands of the modern customer. Efficiency and speed are the norm, and everyone is used to nearly instantaneous results. With eKYC, or electronic know your customer processes, this instant gratification is closer to reality. Thanks to eKYC solutions, the process of customer authentication has gone digital. With the help of eKYC, finance, retail and other industries are able to keep up with the demands of their customers. In order to keep up with this new era, you may be wondering where you should start. The choice of a KYC solution is one that shouldn’t be taken lightly. In this blog, we’ll define what exactly eKYC is and how it’s different from the traditional process, describe the different security and authentication methods and help you decide on the best verification solution for your needs. The Meaning of eKYC eKYC, as we mentioned, is electronic know your customer. If you’re already familiar with the legacy KYC process, you know that it involves verification of certain customer information that proves their identity. This process is typically slow and painful for both the company and the customer. With eKYC, you can create a digital identity profile and verify remotely and online. The impact of eKYC is that companies no longer are tied to the ...

Technology has evolved so rapidly over the past few decades, it can be hard sometimes for businesses to keep up. KYC is an essential part of many industries, but the slow nature of manual or in-person KYC doesn’t mesh with the demands of the modern customer. Efficiency and speed are the norm, and everyone is used to nearly instantaneous results. With eKYC, or electronic know your customer processes, this instant gratification is closer to reality. Thanks to eKYC solutions, the process of customer authentication has gone digital. With the help of eKYC, finance, retail and other industries are able to keep up with the demands of their customers. In order to keep up with this new era, you may be wondering where you should start. The choice of a KYC solution is one that shouldn’t be taken lightly. In this blog, we’ll define what exactly eKYC is and how it’s different from the traditional process, describe the different security and authentication methods and help you decide on the best verification solution for your needs. The Meaning of eKYC eKYC, as we mentioned, is electronic know your customer. If you’re already familiar with the legacy KYC process, you know that it involves verification of certain customer information that proves their identity. This process is typically slow and painful for both the company and the customer. With eKYC, you can create a digital identity profile and verify remotely and online. The impact of eKYC is that companies no longer are tied to the ...

» OpenID Connect Identity Assurance / eKYCexplained The digital economy, despite its recent successes in online marketplaces and finance, cannot meaningfully evolve into new fields without easy, standard access to verified identities. This fundamental need inspired the eKYC / Identity Assurance extension to OpenID Connect. Applications and services can now use it to obtain verified person data andmetadata. 1. Knowing yourcustomer For a transaction or contract to be valid and enforceable under the law one crucial criteria must always be fulfilled - the parties involved must be who they claim to be. This applies to all contracts, on paper as well as those made online. One crude method to verify a customer's identity online has been to request a credit card or other payment method for validation. But this approach has assurance issues and limitations - in terms of reliably identifying the person, to which the reported annual global credit card fraud exceeding U$ 20 billion testifies, and in terms of what details can be checked, typically limited to the cardholder'sname. Depending on the type of transaction, perceived risk and government regulations to be met, such as anti-money laundering laws, a business may require a stronger and more adequate assurance of identity to conduct its transactions digitally andonline. 2. Legal and contractual concerns in onlinetransactions Three concerns come up when businesses consider a shift to onlinetransactions: • That the identity of the o...

• • Aadhaar Plus Automated Aadhaar Card Verification • Document Verification Automate Manual Data Entry • Liveness Detection Active/Passive Liveness Check • Face Trace Enhancing Customer Experience • Face Match AI-Baced Face Authentication • Government DB Check Safeguard your Business Interests • Video KYC Onboard Customer in Seconds • • Identity Verification Accurate Customer Verification • AML Screening & Monitoring Meet your Regulatory Requirements • Digital Onboarding Instant Customer Onboarding • KYX Solution Customize your Onboarding Flow • • Banking and Financial Services Increase Account Opening • Telecommunication Meet Compliance Requirements • Insurance Enhance Customer Experience • Gaming Improve Sign-up Rates • Retail Services Reduce Checkout Abandonment • Shared Economy Build Trust Between User & Partner • Travel Increase Booking Conversions • • Blog • Webinars • Whitepapers • Infographics • Identity Dictionary • Frequently Asked Questions • • With the rising fraud in the financial industry, it is critical to preserve adequate client records in order to track any questionable behaviour. CKYC standards were implemented to reduce illicit activities in the financial sector. This aids in getting to know the consumer better. This contributes to the investment’s security. KYC has been replaced by Central Know Your Customer – CKYC. Previously, KYC rules included a separate KYC format for each organisation. However, with the introduction of CKYC, the consumer will no ...