In the wake of Covid-19, the world has experienced an unprecedented shift to digital methods of working, learning, and even banking. What started out as fun became a real challenge over time. To keep up with these changes, financial institutions have to adapt quickly to continue to provide their services efficiently.
Faced with this challenge, we at Landmark have revolutionized our digital KYC solution, dKYC, adding AI/ML, vKYC, and liveness detection capabilities.
KYC stands for Know Your Customer and is a mandatory process for doing business with financial institutions in India. As an investor or a potential bank account holder, you may have encountered this term before. dKYC is a product of Landmark that simplifies the KYC process by enabling it to be done online. The main objective of dKYC is to reduce paperwork and shorten the processing time for KYC/Demat account opening online, which can now be done in real-time with just a few simple steps.
dKYC comes with a host of features that ensure compliance with the latest SEBI regulations. From IPV using 2-way video recording and KYC with geo-tagging to ensure the customer's location, to OCR technology for data extraction from various identification documents, dKYC has you covered. It also offers a wide range of integration options, from KYC portals such as CVL, CERSAI, and NDML, to depository participants like CDSL and NSDL for demat account opening. Not to mention, it includes advanced features like Aadhaar number validation with UIDAI, CIBIL Score and Watchout checks, and native integration with our other products.
With so many features, you might be wondering about the installation process. Well, dKYC can be easily installed on-site or hosted in the cloud, according to your preference!!!
We have successfully implemented the dKYC solution in fintech apps and leading private, cooperative banks, and NBFCs. If you're interested in learning more about how dKYC can streamline your KYC process, reach out to our team through our contact page.