Video KYC

V-CIP

video KYC process Signzy KYC policy

Signzy systems have been designed for banking grade technology. This means that they meet the strictest infosec regulations and data security requirements. Signzy Video KYC is being used to onboard thousands of customers every month by SEBI regulated institutions. This solution has matured over dialects, browsers and low-internet scenarios.

With RBI’s progressive move to bring Video KYC (Video Customer Identification Process) 2020, we look forward to onboarding RBI regulated institutes on our battle-tested solution.

Features

PAN verification id verification
Real-time PAN verification 
facematch video liveliness check
Matching face on ID with face in video (with % confidence score)
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video based KYC secure video storage
Unlimited video storage and instant retrieval
Geolocation video KYC ip location lookup signzy
Geo-location capture and IP check
Live video interaction customer onboarding process
Seamless and interactive UI for live video interaction
Video verification client onboarding
End-to-end encryption for video, channel, and communication
video KYC forensics video verification Signzy
Video forensics for pre-recorded risk and spoof detection
ID proof forgery check id verification
Digital forgery check on the displayed ID proof
Aadhaar masking video KYC
Customer identity verification through offline Aadhaar XML
features time stamp audit trail
Time stamp and audit trail for every application and video interaction

Compliance to Regulatory Mandate

Video KYC Regulations

Measures

Video KYC Regulations and Measures

compliance regulation signzy

“Official of the RE performing the V-CIP shall record video as well as capture photograph of the customer present for identification”

• Auto image capturing
• Real-time Verification

compliance regulation signzy

“RE shall capture a clear image of PAN card to be displayed by the customer during the process”

• Consent declaration
• Document upload option

compliance regulation signzy

Consent based audio-visual interaction with the customer to obtain identification information including the documents required for CDD purpose”

• Consent declaration
• Document upload option

compliance regulation signzy

Live location of the customer (Geotagging) shall be captured to ensure that customer is physically present in India”

• Image classification and Appropriate UX

compliance regulation signzy

“Ensure that photograph of the customer in the Aadhaar/PAN details matchesg with the customer undertaking the V-CIP”

  • • Face Match of Video with ID card

Signzy Solution Benefits

Accuracy video extraction
Higher Application Accuracy
Plug and play regulatory compliance
Plug and Play solution, swift Go-To-Market
Training program benefits signzy
Comprehensive Training Program
Video KYC benefits Competive advantage Signzy
Competitive Advantage through customer delight
Regulatory Compliance RBI VCIP
100% compliant with latest RBI Mandate
Scale of operations video verification
Exponentially increase Scale of Operations
reduced back-office overheads
Reduced back office overheads (upto 70%)
reduction in customer dropoff signzy
Reduction in customer Drop-offs (upto 50%)
Platform agnostic communication channels video KYC
Platform Agnostic, support multiple communication channels

Signzy’s Video KYC Journey

In 2016, a company of 5 people presented a video onboarding solution at an RBI sponsored competition among large banks like SBI and HDFC. To everyone’s surprise, we won that competition for our seamless onboarding using Artificial Intelligence. All the bankers at the event told us this was too futuristic and not practical. We won the award, but no customers.

 

Now, in 2020 RBI has notified rules for V-CIP. This is a monumental step in our journey and validates the vision and belief with which we kept building products for 4 years which did not seem relevant in the present.