The banking industry is the cornerstone of any economy—managing deposits, facilitating credit, and enabling capital flow. With increasing digitization, banks face rising customer expectations for instant services, while simultaneously being bound by strict regulatory frameworks (RBI, SEBI, FATF). As fraud grows more sophisticated, ensuring secure and compliant onboarding has never been more critical.
Industry Challenges
- Regulatory pressure for strict KYC/AML compliance
- High operational costs and manual verification delays
- Fraudulent account openings and identity theft
- Difficulty verifying business accounts and UBOs
- Complex onboarding for remote or rural customers
Solutions Tailored for Banks
Digital KYC for Individual Customers
Instant PAN, Aadhaar, and face match verification, Live video KYC support to meet RBI norms, Geo-tagging and liveliness checks for fraud detection
KYB for Business Accounts
Fetch and verify company details from MCA or GST databases, Validate directors and UBOs (Ultimate Beneficial Owners), Match bank details to registered entity information
AML Screening & Monitoring
Real-time checks against global watchlists, PEPs, and sanctions, Ongoing monitoring to detect suspicious activity, Risk scoring to flag high-risk entities during onboarding
Bank Account Verification
Instantly confirm account ownership before transactions or disbursements, Reduce return rates and failed transfers, Eliminate manual verification delays
Digital Signatures & e-Stamping
Legally compliant document execution for account opening, loans, and agreements, Secure audit trails and tamper-proof signatures, Reduce paperwork and onboarding time
Business Impact
- 80% faster onboarding with automated KYC workflows
- Reduced fraud through multi-layered verification
- Compliance-ready with RBI and FATF norms
- Seamless user experience integrated directly into your core banking systems
