Video KYC

IRDAI Gives Nod to Insurers for Video KYC! Here is What you Need to Know?

COVID-19 has impacted every aspect of our lives and has impacted the overall growth of the country. The face-to-face interactions have reduced and to combat the repercussions of that, businesses are undergoing a digital transformation. Organizations are working towards a new normal, the contactless world with lots of virtualization and digitization. Circumstances leading to Dwindling …

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Video KYC for Banks: Step Towards the New Way of Customer Onboarding

Banks have had a reputation for being one of the early adopters of change – especially when it’s about improving the customer experience and making their lives easier. So, when the RBI released its Amendment to Master Direction (MD) on KYC in January allowing an additional method of conducting the KYC process – Video-based Customer …

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Video KYC – The New Normal in the Contactless World

Until January 2020 the KYC process mandated IPVs (in-person visit) by the Reserve Bank of India (RBI) regulations. However, things changed for the better when RBI released its Amendment to Master Direction (MD) on KYC on 9th January which allowed another method of conducting the KYC process – Video-based Customer Identification Process (V-CIP) or more …

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Video KYC Solution for Muthoot

Muthoot Launches Loan@Home Service using Ameyo’s Video KYC Solution

Muthoot Group, the largest gold loan provider in India as well as around the globe, has launched its new product Loan@Home to provide customers with the comfort of applying for gold loans from their homes. Muthoot has selected Ameyo’s Video KYC Solution to quickly onboard customers and perform their Know Your Customer process online. The …

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How Video KYC is Revolutionizing the Digital Payments Sector

How Video KYC is Revolutionizing the Digital Payments Sector

Know your Customer or more commonly known as the KYC process is one of the pre-requisites when dealing with a financial sector organization. And the digital wallets (e-wallets) segment is no exception. With the recent advancements in technology and the world going digital, we have seen a significant jump in the number of people using …

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Video KYC for Mutual Fund

Why Video KYC has become a Game Changer for Mutual Fund Companies?

With the lockdown enforcing the contactless onboarding process as the new normal for most financial institutions, Video KYC is rising as the new digital solution to ensure a paperless and presence less customer onboarding experience. And as technology advances, the rise of Mutual Fund investors is imperative, leading to financial inclusion of a large part …

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kyc-insurance

How insurance companies are revamping Customer onboarding with Ameyo’s Video KYC Solution?

With the world going remote there has been a forced digital shift in consumer behavior and the Insurance sector in India has also responded with IRDAI relaxing KYC regulations. Insurance Regulatory and Development Authority of India (IRDAI), vide Gazette notification dated April 23, 2020, has published a list of Insurance companies that can undertake e-KYC …

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Why NBFCs Resort to Video KYC for Customer Onboarding and Authentication?

Offline KYC took a toll on NBFCs, involving customer onboarding costs, documentation costs, and making it difficult for startups to broaden their customer base. The financial inclusion of rural India has been a dream for many of these NBFCs for a long time. With the onset of Aadhar based e-KYC, NBFCs started gauging into the …

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Video KYC Vendor

How to Find the Right Video KYC Vendor?

Amid the COVID-19 crisis, the majority of businesses are working remotely, demanding the refined process to continue customer onboarding effortlessly. RBI’s recent decision to allow Video KYC for Banks, Financial Institutions, and NBFCs is a major relief. With Video KYC, banks and FIs can onboard customers in 3 minutes while eliminating the need for a …

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