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Video KYC provides many benefits, which is why it is becoming popular as various sectors and industries are implementing this solution. More info: www.getkwikid.com/
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www.getkwikid.com/ Why is video KYC becoming so popular?
Implementation of video KYC KYC is an important step that helps institutions to verify the details of their customers. It has been made mandatory at banks where customers have to fill out a KYC form when they open a bank account. With the introduction of video KYC, the documents and identity verification process has become more rapid and accurate. Let us look at the various benefits of using video KYC.
Video KYC process is paper-free With video KYC, people only need to scan the document or capture it in a clear video from their home and send it to the relevant authorities for verification. If the document is not valid, people can resubmit the correct one through this process again. It only takes a few minutes to upload and verify multiple documents through video KYC.
Video KYC is a remote process Companies and businesses have started hiring remotely with the help of tools provided by video KYC solution providersthat offer real-time verification. It helps candidates to upload their documents and certificates from anywhere in the country to fulfill the job selection criteria. The same procedure is also happening with banks as customers can now open bank accounts remotely after doing verification through video KYC.
Video KYC is faster and more accurate Another advantage of using tools provided by video KYC solution providers is that documents are uploaded and verified quickly. This video KYC tool is encrypted so that the customer's data remains secure. Moreover, various artificial intelligence enabled features are also present in the video KYC tool. During video KYC, an official to oversee the process. The official also assists the user so that the video KYC process is completed smoothly.