What Role Video KYC Verification is Playing for the Good of People?

2. Security has become one of the significant issues for almost every level of government. Crime, terror and other issues have become the main concern whether it be a national, state or any other government. To address all these kinds of problems, KYC video identification provides effective solutions. So many financial institutions and other service providers get benefits from the video KYC solution. No wonder that the identification was not even a major concern centuries ago. But, now it is no longer a case as the population has already begun to explode, and now the more crowded world calls for more security and safety precautions. What role is Video KYC Verification playing? According to the guidelines of RBI, following up with video KYC verification has become one of the mandatory and must to follow process. Be it any business, bank, or financial institute – every one of them has to stick to stick with it to ensure safe business workings at the present times. This method has increased the overall security around the globe. More so, the advent of updated KYC (Know Your Customer) systems has even provided more benefits and options to different financial institutions and buildings; then one can ever think would be possible. The best part about this method is that it assists all levels of governments and people in doing their respective jobs by protecting their citizens and limiting all money laundering related and wrongful activities. The best anti-terrorism solution – Well, terrorism remains to be one of the major issues for almost all governments, be it big or small. KYC Video Identification is one of the most important aspects of limiting all such activities. It works great when it happens to ensuring the safety of the people and person, in the high-risk areas. With the use of the latest and innovative technologies like Artificial Intelligence and different detection sensors in it, an official will be able to know all the potential threats. What makes the KYC Video Identification process best and most ideal? The best part of about this video KYC process is that it is really quick to follow, is very much convenient and secure, too, in order to verify the identity of the customer online. The integration of such an effective and secure process in place makes it really difficult for anyone to commit any sort of wrongful and identity fraud activity. More so, it is commonly known to be one of the major deterrents that will limit the criminals from doing any such illicit activity anymore and will definitely work great when it happens to provide you with the peace of mind. Following are the best parts about this KYC identification method – One of the best things which make this method so much appreciable is that it eliminates fraud. This is because it has a process that has the integration of technology and software in it, which helps in reducing the risk of online fraud. Another great advantage of KYC Video Identification is that it speeds up the complete onboarding process, which later on helps in cutting onboarding expenses and work great in improving the complete efficiency.

3. It has KYC / AML compliance that helps so many different businesses build trust and stay on the right side while making any transactions. Source: https://signzyonlineidverification.wordpress.com/2020/08/14/video-kyc-verification-for- the-good-of-people-and-government/