Why is Digital KYC a Game Changer for Financial Institutions
15/01/2025 Technology
Price: 500000.00 ₹
Description
Digital Know Your Customer has revolutionized the way financial institutions (FIs) onboard and verify customers. By leveraging technology such as Optical Character Recognition (OCR), Artificial Intelligence (AI), and facial recognition, FIs can now conduct customer due diligence remotely and efficiently. Digital KYC eliminates the need for physical documentation and manual verification processes. So that businesses can significantly reduce their operational costs and save on their time. Customers can complete the entire KYC process online, anytime, anywhere, reducing friction and improving customer satisfaction.
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