Fintech APIs

Video KYC: Perform Identity Checks in Real-Time!

Accelerating Onboarding Process & time-to-market by an incredible 5x via AI-enabled Video KYC

Signzy’s V-KYC (V-CIP) is a proven, robust solution facilitating digital onboarding of thousands of customers monthly for SEBI-regulated entities. Our meticulously crafted Video KYC verification solution ensures a secure and dependable online KYC process, compliant with the strictest regulations and data security requirements.

Following RBI’s progressive 2020 introduction of Video KYC (V-CIP), we are eager to serve RBI-regulated institutions with our tested and trusted video KYC solution.

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Features

Real-time PAN verification

Matching face on ID with face in video

Unlimited video storage and instant retrieval

Geo-location capture and IP check

Seamless and interactive UI for live video interaction

End-to-end encryption for video, channel, and communication

Video forensics for pre-recorded risk and spoof detection

Digital Forgery check on the displayed ID proof

Customer identity verification through offline Aadhaar XML

Time stamp and audit trail for every application and video interaction

Compliance To Regulatory Mandate

Video KYC Regulations	Measures
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
RE shall capture a clear image of PAN card to be displayed by the customer during the process	Consent declaration Document upload option
Consent based audio-visual interaction with the customer to obtain identification information including the documents required for CDD purpose	Consent declaration Document upload option
Live location of the customer (Geotagging) shall be captured to ensure that customer is physically present in India	Image classification and Appropriate UX
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

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Solution Benefits

Detect high-risk clients to safeguard your enterprise from non-compliance penalties and guarantee a seamless onboarding process

Higher Application Accuracy

100% compliant with latest RBI Mandate

Reduced back office overheads (up to 70%)

Plug and Play solution, swift Go-To-Market

Competitive Advantage through customer delight

Exponentially increase Scale of Operations

Reduction in customer Drop-offs (up to 50%) due to efficient KYC check

Platform Agnostic, support multiple communication channels

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Signzy’s Video KYC Journey

In 2016, a company of 5 people presented a video onboarding solution at an RBI-sponsered 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.

Today, with RBI’s progressive move to make Video KYC (Video Customer Identification Process), also known as v KYC, a mandatory component for onboarding, we have customers across the sector using our solution to complete their bank KYC online. This solution streamlines the video KYC process, making it easier and more efficient for customers to verify their identity. It includes features for know your customer (KYC) and eKYC video, making it a comprehensive tool for customer identification. Customers can now understand how to do KYC online and complete their video KYC online with ease. This validates the vision and belief with which we kept building products for four years which did not seem relevant then, but is now at the forefront of digital identification and verification processes.