5 Simple Things to Remember About KYC Verification

Your Sensitive Data is Safe

In digital IDV, the artificial intelligence system processes your information. If human intelligence is involved, they are highly trained professionals. They know better than to tamper with and illicitly use your information. Generally, sensitive information is stored on highly secure and encrypted databases. Backups in multiple locations make it next to impossible for hackers to break the system.

Verification is Portable!

KYC softwares (https://www.g2crowd.com/products/shufti-pro/reviews) allow easy verification using your laptop, tablet or mobile phone. All you need is a working webcam and a stable internet connection. Just fill out your personal information and upload identity documents. Get verified within seconds!

KYC Verification is Time Effective

Artificial intelligence and machine learning algorithms perform quick verifications. Get yourself verified within 30-60 seconds using effective services like Shufti Pro. No need to wait for days or weeks to get the result of your identity verification. Submitting hard copy documents is also a thing of the past. Proceed to open your bank account or completing an online transaction within seconds.

Cost Effectiveness

E-KYC solutions are cost-effective than paper-based KYC options. It takes only a couple of dollars for basic KYC with Shufti Pro. Costs are saved on additional resources, which include: -Paper -Storage spaces for hard-copy documentation -Processing costs for paper based-KYC -Labor costs for manually going through a large amount of documentation.

Reduced Customer Friction

KYC verification allows customer onboarding to become smooth. Streamlined verification process makes online payments easy and quick. This reduces customer drop off rates on the client’s website. *This also helps the profits grow with the security of state of the art KYC software.