Blogs

You can find all the

blogs here.

How Video KYC is disrupting age-old methods of KYC?

The recent amendment in The Prevention of Money Laundering (PMLA) Act 2002 by the Ministry of Finance allows several modes of capturing details of customers electronically.

Legal entities under centralized KYC now-CKYC Services in India

The central bank said considering CKYCR is now fully-operational for individual customers, it has been decided to extend CKYCR to LEs. The boom in technology hasn’t touched some areas of Fin-tech organizations.

PiXL Video KYC- An Automated Compliance Solution

KYC is the process or step in which there is an assessment of the customer's profile. It evaluates the risk of the customers of a bank or financial institutions to ensure that they comply with the AML Laws.

Customer Onboarding, Make it Better at its Best

India is well and truly on its way to the future of digital banking and cashless payments with the huge increase in fintech adoption over the past few years. The friction in the acquisition of users is one of the obstacles that have slowed down progress.

Explore the Significance of Video KYC for Fin-tech Industry

The Reserve Bank of India (RBI) has introduced the Aadhaar-based Video Customer Identification Process (V-CIP), which allows banks and other lenders to complete the KYC process of customers on video remotely.

How can PiXL'S Video-based KYC approach revive KYC ...

IRDAI allows insurance companies to use Video KYC. The move comes at a time when regulators across the board are easing compliance processes during the ongoing coronavirus pandemic to minimize the physical contact.

Pixl video KYC Solution for complete contactless KYC.

Did you know Video KYC is now officially accepted method of KYC validation as per RBI guidelines dated 8 January 2020. Manual KYC can be time-consuming and expensive for banks. Manually done, the KYC process takes up enormous amounts of time and effort.

Enhance your customer experience with Digital KYC.

Video KYC or video identification is an online method of face-to-face identity verification in which organizations carry out their customer verification process through a video call assisted by a KYC agent.

Problems Banks Currently Face in Onboarding.

According to a KPMG survey, a tier-one bank could easily spend $100 million per year on client onboarding. Despite the significant investment, this manual method is error-prone, sluggish, and dangerous and does not improve the client experience.

Aadhaar Masking — Solution to the latest RBI directive.

On May 29, the Reserve Bank of India updated the master direction on KYC guidelines for regulated entities. The updates in the KYC process were mainly targeted at adhering to the Aadhaar and Other Laws Ordinance that was passed by the Cabinet in March 2019.

The right online identification verification solution ...

The first half of a KYC document must be an official government-issued ID. This document must include a photo of them. There are a variety of IDs that are allowed to be used for POI purposes. Which are acceptable and where is determined on a jurisdictional basis.

Creating a more secure onboarding experience ...

Facial recognition is key to enhancing various in-person and online use cases for eKYC. When a customer first entrusts a financial institution with their money or information, they expect the highest level of security to keep it safe.

Pixl Video KYC- A complete On-premise Solution

The Reserve Bank of India (RBI) has taken a great initiative to retire the traditional paper-based KYC method for customer identification and digitalize the KYC process for the lending and non-lending ecosystem.

ID Verification Solutions by Pixl.ai

The digital world of today is rapidly increasing. Every year, more and more commerce is conducted online. This can open up new business prospects for you, but it can also expose you to new hazards.

Pixl's KYC Identity Proofing and Face Recognition Solution

Like no other authentication method, biometrics explicitly binds individuals to their digital representatives. In the online world, this is the key to preventing identity theft and fraud issues.

Digital Transformation of Financial Industry

The FinTech revolution is rapidly transforming the financial industry. The use of digital technologies is the norm, and together with regulatory and market changes, it is creating a revolution.

Financial services technology 2021 and beyond

The financial services industry has evolved at an incredible rate in recent years, underpinned by rapid advances in technology.