eKYC

eKYC, short for electronic Know Your Customer, is a digital process that allows businesses and organizations to verify the identity of their customers remotely. It utilizes modern technologies such as biometric authentication, digital signatures, and secure data transmission to authenticate and validate the personal information provided by individuals. eKYC enables organizations to efficiently and securely collect and verify customer information, eliminating the need for traditional manual processes which often involve paper-based documentation.

With eKYC, customers can submit their identification details electronically, such as scanned copies of their government-issued ID cards or passports. These documents are then automatically compared with existing databases to ensure their authenticity and validate the customer’s identity. Additionally, eKYC may involve biometric-based verification methods, such as fingerprint or facial recognition, to further enhance the accuracy and security of the process. eKYC reduces the time and costs associated with manual document verification, enabling organizations to onboard customers remotely and securely, fostering a seamless and frictionless customer experience.