Video KYC Solutions and Services in India to an Amendment to Master Direction on KYC

A new challenge for the RBI-regulated bank is that along with the normal procedure of on-boarding a customer, an additional method has come into the picture the video-based know your customer identification. The banks require to make use of the latest technologies and ensure the availability of high-security features in the software which they are using.

They need to ensure that the person’s face in the identity proofs like pan card and Aadhaar card actually matches with the person who is present in the bank for verification and is part of the process. Next, it needs to use geo-tagging in order to register the exact time and location where the picture and the video were taken. This would be mainly done to ensure that the person who is opening the account with the bank is actually physically present there in real-time. The bank will have to ensure that the entire process is end-to-end encrypted, happening live in order to prove that the interaction is pre-recorded. Pixl Video KYC Solutions and services in India is the exact answer to this.