Statfin | Solutions | Digital KYC Verification

DIGITAL KYC

Digital KYC eliminates many Regulatory Violations by members who are Impostors, Deceivers, Scammers and Perpetrators who continuously commit crimes to gain access to the services of a business.

About D-KYC

What is D-KYC?

D-KYC is the process of finding document tampering and impersonation and helps businesses further

avoid such serious crimes or grave violations that can harm their internal and external operations, brand reputation and revenue flow.

Why is D-KYC important?

Paperless Verification: Digital KYC eliminates the need for physical documents, reducing the risk of forgery.
Fraud Prevention: Attempts to fabricate IDs or alter documents fail due to automated verification.
Enhanced Accuracy: Unlike manual paper verification, Digital KYC minimizes discrepancies and misguidance.
Reduced Manual Intervention: Automation streamlines the process, ensuring faster and more reliable identity verification.

Key Features

Detects Fabrication of Documents

Digital KYC eliminates the need for paper documents and, hence, attempting to fabricate IDs or documents fails here.

Real-time Image Verification

Real-time Image Verification is essential to detect fake IDs and Documents, eliminating impersonification.

Accuracy in DKYC

The Digital KYC Process has been introduced to reflect accuracy in each of the verifications.

Remote and Contactless

Digital KYC, there is no need to employ officials to do the manual verification, which is highly complex and results in many endless reports.

Scalability

Digital KYC greatly helps businesses to further scale their operations and services by keeping the onboarding process simple and short.

Our Process

ID Proof Submission

Secure Data Validation

Biometric Verification

Comprehensive Screening

Detailed Reporting

ID Proof Submission

Individuals upload government-issued ID proofs for identity verification.

Secure Data Validation

Information is cross-checked against e-vaults and government databases.

Biometric Verification

Face checks are conducted via real-time selfie uploads or Video KYC.

Comprehensive Screening

Address, document verification, and customized checks are performed using authorized databases.

Detailed Reporting

Final reports are generated with precise findings and analysis.

F.A.Qs

What is Digital KYC or e-KYC?

Which industries prefer D-KYC?

Is Digital KYC secure and safe?

Can Digital KYC be done remotely or completely online?

What is the TAT of Digital KYC?

What is Digital KYC or e-KYC?

Digital KYC or e-KYC (electronic - Know Your Customer) is a sub-process undertaken under Background Verification or can be done as a standalone process to perform quick checks to avoid onboarding long-time scammers from exploiting certain services. E-KYC Verification is free from the submission of paper documents that require meticulous handling and storage.

What is Digital KYC or e-KYC?

Which industries prefer D-KYC?

Almost every industry has prioritized D-KYC to retrieve trustable information on individuals and to do quick approvals which helps businesses to onboard new users instantly. D-KYC has proved to be most helpful for Banking, Financial Services and Insurance (BFSI) and Fintech companies to gain access to their financial services with proper validation/verification.

Is Digital KYC secure and safe?

Yes. Digital KYC is safe and secure because of its robust security measures and verification methods, which ensure data protection and compliance.

Can Digital KYC be done remotely or completely online?

Yes. Digital KYC can be done remotely or completely online without the need for manual intervention or manual work. The uploaded IDs and documents are digitally verified by accessing e-vaults and government databases and other trusted sources. Biometric verification is a crucial part of D-KYC and the same is verified online or digitally through feature and movement recognition.

What is the TAT of Digital KYC?

The Digital KYC process is always automated, where APIs do most of the screening work and it is done in less than 5 minutes. In some cases, it depends on the number of checks to be done.