With an ever-changing world bringing to us an ever-mounting set of challenges, it often feels hard to keep up and keep evolving at the same pace. However, when we dig deeper, we realize that our development never really slowed down; it just required a pinch of innovation added to help us adapt to a new world order.
Challenging times (à la Covid-19) often serve as this much-needed impetus to get our innovative juices flowing. Over the last couple of weeks, we have noticed that the pandemic (as declared by the World Health Organization) we are facing as a civilization has in fact, opened a plethora of alternatives, especially for businesses.
The role of technology as a bridge between client and customer often goes unnoticed in our daily lives. But when daily life comes to a standstill, technology finally comes into its own. The Government of India is urging people to move towards digital banking services, despite India being a heavily cash-based society. Moreover, a lot of Banks, NBFCs and Fintech companies have come up with new emergency credit line schemes to help individuals and businesses affected due to COVID-19, meet their liquidity.
Reacting swiftly to current events, we at Think Analytics, in a very short span of time, have put in place the right infrastructure, technology and access to ready our employees as well as our clients for remote working and ace this period of social distancing.
For one, our Digital KYC product, Kwik.ID, provides an opportunity for banks and other financial lending institutions to continue their operations remotely, by using consent-based Video Customer Identification Process (V-CIP) for the customers’ on-boarding and verification. Amongst other capabilities, key features of our Digital KYC product, Kwik.ID, include:
- Fully compliant with Amendments to Master Direction – Know Your Customer (KYC) Direction, 2020
- Provides OVD verification, live photo capturing & geo-tagging of customers
- With the use of liveliness detector, fuzzy match of identification details on OVDs, etc. it helps prevent fraudulent practices
- Supports end to end encryption of customer data
We, at Think Analytics, are committed to providing viable and easily implementable VCIP Digital KYC solutions. Even as we unleash the power of data and build platform solutions, our goal remains to solve for an organization’s need of the hour.
Learn more and get down to business at https://getkwikid.com