Regulatory Excellence in Banking and Finance
Our expertise helps banks and financial firms maintain adherence to international standards while minimizing regulatory risk across diverse markets.
National KYC Platform
Challenge
In emerging economies onboarding citizens for any subscription , insurance and financial services is very challenging to ascertain the identity as per the KYC. Mountains of aper records of national id, passport, driving license , tax id , utility bills etc is created which is challenge to store and more importantly verify for authenticity which makes the KYC process unreliable.
Solution
In emerging economies onboarding citizens for any subscription , insurance and financial services is very challenging to ascertain the identity as per the KYC. Mountains of aper records of national id, passport, driving license , tax id , utility bills etc is created which is challenge to store and more importantly verify for authenticity which makes the KYC process unreliable.
Value
A national KYC platform with the above-mentioned capabilities has the potential of making the entire process of onboarding customers digital and instant ensuring an authentic and reliable KYC process that is critical for reducing frauds, impersonation etc. and enabling swift service provisioning by enterprises resulting in customer / citizen satisfaction.