Fin e-KYC
Fin e-KYC is a real time solution that resides in Core Banking System and helps conduct instant, electronic and non-repudiable Know Your Customer (KYC) process using Aadhaar-based Authentication. It can be used as an alternate to current KYC process which is done on the basis of physical photocopies of the original documents for Proof of Identity (POI) & Proof of Address (POA).
Benefits
- Paperless
The service is fully electronic and document management becomes digitalized which prevents document forgery - Instantaneous
Instant on-boarding of customers in real time as per their convenience - Low cost
Drastic savings in logistics and operating costs of huge customer base - Financial Inclusion
Provision of approved KYC by a single digital ID makes access to financial services easy for masses - Compliance
The solution is compliant with all necessary regulatory norms - Workflow capability
The solution enables to review ID documents at various hierarchy levels in the organisation
