Automated Frictionless Digital Onboarding
Digital Customer Onboarding enables banks to conduct complete KYC verification and authentication in a way that minimizes costs and TAT significantly. Also, AML/CFT checks help to ensure there are no false positives.
Our solution achieves this:
- AI-enabled facial recognition, data extraction and other advanced technology ensuring secured Digital KYC process.
- Proprietary ID verification system screens the transactions for identifying and eliminating fraud threats.
- AML compliance checks ensure seamless integration and compliance with the legal systems. It also updates the banks about changing regulations.
- This solution assists banks with digital onboarding of SMEs reducing the onboarding time from several weeks to a few hours.
- Speedier completion of this process saves a significant amount of cost and resources of banks.