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Video KYC, or Video Know Your Customer, is a secure and convenient way for businesses to verify the identity of their customers remotely. This process involves a live video call between a customer and a company representative, where the customer presents their identification documents for scrutiny. Video KYC ensures compliance with regulatory requirements while offering a user-friendly experience.
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Video KYC Video Know Your customer
Video KYC or Video Know Your Customer is a identity verification process which is done on a video call. Financial institutions and businesses adopt this method to verify their clients identity remotely. It is one of the most secure method of verifying customers identity online. • Video KYC method involves KYC through video call and witness a live face-to-face interaction between a agent and the client. During the video call the customer is required to provide and verify some important id documents like passport, driver’s license, pan card etc. What is Video KYC?
Video KYC TRADITIONAL KYC 1. Physical presence is mandatory. 2. Does not save time, cost, and efforts altogether. 3. Traditional KYC is not 100% secure. • 1. Video KYC allows live interaction with an agent on a video call. • 2. Saves time and cost both at the same time. • 3. Minimizes the need to visit physical location. Video kyc vs. traditional kyc
Video KYC is a remote identity verification process where individuals interact with a live agent or automated system via video call. During the call, the individual must display their government-issued ID, confirm personal details, and answer security questions to confirm their identity. This method enhances security and convenience for KYC compliance. Process of Video KYC
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