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What is Paradigm Online ID Validation?

Understanding your customers is crucial for effective business management in today's world. The impressive achievements of major online financial platforms like ING Direct and UBank, which have successfully drawn billions in deposits, can be attributed to their streamlined online registration and verification systems for new customers. These companies have successfully created a digital branch that allows them to onboard clients through smartphones, tablets, and computers across Australia, all while maintaining much lower operational costs than traditional banks. Any business that depends on direct consumer engagement, particularly in industries like banking or utilities, and seeks rapid expansion should capitalize on this shifting landscape. To facilitate this growth, organizations must prioritize establishing a strong online presence that allows customers to easily open accounts via user-friendly portals or mobile apps, ensuring a smooth and convenient experience across different devices. Furthermore, adopting these digital approaches is essential for maintaining a competitive edge in the swiftly changing market environment. As businesses continue to adapt to technological advancements, staying ahead of the curve will be crucial for long-term success.

What is GIBots KYC Suite?

In a significant advancement, the RBI has recently permitted the implementation of Video KYC for remote customer verification within the banking and financial services sector. GiBots KYC SUITE provides an AI-driven, all-encompassing KYC solution that can complete the Customer Identification Process in less than two minutes. Progressive BFSI and Fintech companies are likely to benefit from embracing this Video and Self KYC methodology. This innovative approach involves capturing live video images of the customer while verifying their documents and ensuring they possess the necessary identification materials to confirm their identity. The applicant's data along with facial recognition is processed in tandem, allowing for immediate identification of any inconsistencies. Customers are now able to perform their verification from virtually anywhere through our application, which subsequently transmits the collected information to officials for further evaluation. During the Online KYC process, customers are guided to display their PAN Card to the camera, enabling the retrieval of essential data for identity validation. This groundbreaking technique not only improves convenience but also optimizes the verification process, rendering it quicker and more effective. Ultimately, such advancements could reshape customer experiences in the financial sector for years to come.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Paradigm Designs Software

Company Location

Australia

Company Website

www.parasoft.com.au/software-products/online-id-validation/

Company Facts

Organization Name

GIBots

Date Founded

2015

Company Location

India

Company Website

www.gibots.com/main-productlist/myKyc.html

Categories and Features

Categories and Features

AML

Behavioral Analytics
Case Management
Compliance Reporting
Identity Verification
Investigation Management
PEP Screening
Risk Assessment
SARs
Transaction Monitoring
Watch List

KYC

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