IDcentral bags the Best eKYC Partner of the Year award 2022 – BFSI Tech Leadership Summit
IDcentral – wins—
It was announced at the prestigious BFSI TECH LEADERSHIP SUMMIT 2022 that the award for the Best eKYC Partner of the Year 2022 was awarded to IDcentral, a Digital Onboarding and Identity Verification company. It is a well-earned accolade among the competition to be recognized for IDcentral’s efforts to push digital inclusion to user-friendly, secure, and cost-efficient Digital Onboarding and Identity Verification.
BFSI Tech Summit helps businesses find solutions to make business processes more customer-centric, accurate and fast, by investing in technology. The event itself, hosts over 800+ senior professionals from leading banks, insurance & other financial sectors across the globe.
IDcentral provides the most comprehensive AI-based eKYC solution suitable for multiple sectors. IDcentrals suit of eKYC solutions consists of 100+ APIs that can digitise all verity of onboarding processes and includes solutions such as document verification, ID verification like Aadhaar and Pan card, real-time biometric face authentication and AML compliance screening to provide a complete package for digital identity proofing. The AI-layer transforms many conventional solutions like Aadhar verification or OCR resulting in drastic reduction in user drop-offs. IDcentral has also accelerated the adoption of digitisation across sector with considerable reduction in onboarding costs.
As more and more companies pour into digital platforms in India, we see a huge discrepancy in the number of people signing up to the number of people that spend on the platform. Digital Trust needs to be established with robust installations of online screening checkpoints to ensure compliance with regulations as well as secure customer onboarding.
According to recent studies, clients want end-to-end solutions that can ensure the security of their data in almost real-time using voice or face recognition techniques powered by artificial intelligence, while also streamlining the process into a few simple steps.
With the customers paying more and more attention to the value of their time as the competition heats up.
Therefore, “a balance between customer convenience and checks that create an assurance of security must be struck between [identity verification] checks that create an assurance of security and checks that can have a big impact on abandonment and on decision time,” which is “a big part of the onboarding process.”
With more than 63% of drop-offs are being caused by slow or complex onboarding procedures, it is easy to comprehend the cost savings of over 80% when it comes to using digital onboarding vs traditional onboarding. The scalability is also tripled once Digital Onboarding is employed.
At IDcentral we provide AI based solutions that can:
- Automate end-to-end customer onboarding
- Enable self-serve verification processes
- Enhance customer satisfaction
Total
IDcentral prioritizes a customer-centric approach in its solutions to reduce customer drop-off using a quick and easy identity verification process online. Features like Liveness Detection, Face Match, AI based OCR Document Verification, Face Trace, and Video KYC ensures AI does all the work for the users. With significant shift towards online verification and Digital onboarding it’s important to ensure that the onboarding solution provides a fraud proof user-base while drastically reducing the overall onboarding costs. The AI-based biometric authentication will help verify and enhance customer experience for all its users. Visit IDcentral for a demo on the solution or further breakdown of the solutions that can help your company.