- The Future of KYC
-
The Future of KYC
Today, in many organisations, know your customer (KYC) is still a manual and time-consuming process.
Things are expected to change over the next few years, as more and more organisations started to implement automatic tools to streamline the KYC process.
A good example of how organisations can utilize technology to enhance their KYC process is outlined below:
1. Client is prompted to take a picture of a government-issued identification on their mobile device and submit it through the internet to the organisation.
• The organisation can then automatically authenticate that identification.
2. Client is prompted to take a selfie on their mobile device and submit it through the internet to the organisation.
• The organisation can then automatically validate that the selfie matches the picture on the government-issued identification initially provided.
• Furthermore, when a client takes a picture from their mobile device, the organisation will also receive the client’s location, device identification number and type of device operating system.
Read more at: https://www.kycbench.com/the-future-of-kyc/
KYCbench, your reliable KYC partner
www.kycbench.com
GDPR & ISO/IEC 27001:2013 compliant
Please contact KYCbench today, the most reliable ID verification processor at: contact@kycbench.com
Join our Telegram Groups:
KYCBench Announcement
KYCBench Community
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules