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What is Veri5 V-CIP?

An AI-driven Customer Identification system was launched in response to the RBI's approval of VCIP, significantly improving the customer onboarding process by automating document collection and facial recognition. This innovative system enables businesses throughout India to conduct KYC verifications quickly, completing the entire VCIP procedure in less than a minute by digitizing document collection and employing AI-driven facial authentication. By effectively linking with government-supported databases, the technology accurately extracts information from identification cards, making the verification process seamless. The identity verification is further strengthened by matching the photo on the ID with live video footage captured during the interaction with an agent, thereby confirming the individual's physical presence through a liveness check. In addition to this, the process also captures the acceptance of terms and conditions to maintain non-repudiation, ensuring that all parties are aware of the agreements made. We also offer the choice of in-person verification alongside algorithmic assessments, with the final KYC approval provided by your assigned agent. Furthermore, our APIs and SDKs allow for effortless integration with your existing customer applications, whether they are mobile or web-based, ensuring a hassle-free experience. This cutting-edge approach not only simplifies operational workflows but also bolsters security measures and compliance standards within customer verification processes, ultimately fostering greater trust in digital transactions.

What is Asti Video KYC?

Our comprehensive verification platform simplifies the onboarding process for users and supports significant growth for businesses. This cutting-edge solution reduces the onboarding duration from the typical 5-10 days to less than 5 minutes, even when users are accessing the service remotely, while simultaneously slashing operational costs by up to 92% by eliminating the need for field agents and related paperwork. Furthermore, it effectively tackles customer drop-off rates, lowering them by 25% as users are able to begin the KYC process through either web or mobile applications. The workflow incorporates live video interactions alongside AI-assisted support to guarantee that submitted documents meet the required standards, ensuring a high level of verification quality. Additionally, it employs real-time data extraction from PAN cards, which is cross-verified with official records, all conducted through secure video conferencing sessions that are documented. To adhere to compliance requirements, the system embeds custom geo-location data and timestamps within the video, verifying that the user is physically located within India. This all-encompassing solution not only boosts efficiency but also fosters customer trust through its stringent security protocols, strengthening the overall user experience. As a result, businesses can focus on growth while maintaining a reliable and swift verification process.

Media

Media

Integrations Supported

Quickwork

Integrations Supported

API Availability

Has API

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub

Training Options

Online Training

Company Facts

Organization Name

Veri5Digital

Date Founded

2012

Company Location

India

Company Website

veri5digital.com/vcip-video-identification/

Company Facts

Organization Name

Asti Infotech

Date Founded

2013

Company Location

India

Company Website

www.astiinfotech.com/Video_KYC

Categories and Features

Document Collection

Not specified

Identity Verification

Not specified

KYC

Not specified

Categories and Features

Identity Verification

Not specified

KYC

Not specified

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