KYC - A significant solution for your Bank transactions
There are thousands of financial scams, and fraud cases were reported every year worldwide, especially in banking. USD 1,6-4 trillion were lost among financial crimes and money launching; therefore, besides reminding customers to set their guard up, it is also necessary for banks or financial firms to invest in AI technology to analyze and verify customers to increase the protection of customer information. With imperative demand and highly applied, KYC is the best optimal solution to fight against the crime of fraudulently appropriating property.
So what is KYC?
It's not strange if someone does not know what KYC is because we have already been familied with doing everything in handiwork. However, in a bank transaction such as creating an account or applying for a credit card, how do you determine a stranger is actually who he or she claims to be? More and more identities are stolen, a stiff paper can be degraded.
KYC stands for "Know Your Customer", this is the tool that helps finance firms identify and verify their clients before or during the time they do bank transactions. This system is created to ensure your clients are authentic and minor in personal information theft, which can automatically detect information in ID cards and face recognition.
And why we need KYC?
KYC makes it's easier!
Identifying customers by meeting face to face to check documents is too complicated and takes a lot of time. Some clients are unwilling to wait for a long time and may not be satisfied with your service. By using KYC, customers do not need to fill in too many forms. We need less than three seconds to detect and store customers' information data in the systems, and everything is all automatic.
I want to create an account. Banking working time from 8 AM to 5 PM, it's also mine. So how I go to the bank and do that? With KYC, there is no problem! Some transactions you can make at any time, anywhere.
KYC can save your time, money, and more!
If you're running a business, saving costs is the first thing you want. You have thousands of identity verification per day, which require lots of staff to check and confirm step by step. This operation takes plenty of time and money. Moreover, we also can not guarantee that the entry data process one hundred percent correct.
By using KYC, you can:
- Save human resources
- Cut off your operating expenses
- Minimize data entry mistakes
- Prevent scam and information theft
- Detect document with high accuracy
Let's see what the KYC solution is at AIOZ.
We - AIOZ created One KYC with the desire to give you a perfect KYC solution for fraud prevention and online identity theft. Our technology detects and reads ID in less than three seconds, including real-time face recognition and detection of an actual human by using the camera.
One shot, one skill
One chance
Want us!
Only in some simple steps, your customer's information is identified and verified successfully.
Let's look at a demo that how OneKYC works. Demo
Do you think it is straightforward to use? Not only ID cards, but we could also supply KYC solutions for Passport, Driving License, etc. Quick, convenient, accuracy. We believe that OneKYC will take the banking industry to a new edge. A chance for you. So what are you waiting for?