Know How EKYC Solution can be a value addition for your banks

By: Blue bricks Pvt
PERTH, Australia - Aug. 9, 2021 - PRLog -- From KYC to EKYC: Digital Transformation

All companies and business agents, particularly financial organizations and banks, are undergoing a radical digitization process. Digital transformation has continued to be a part of the most appropriate transformation in businesses in the last decade, making those who skip this step lose opportunities in their division or even disappear from the industry.
Multiple giant organizations and foundations struggle to transform and digitize on-boarding processes that seemed challenging to automate and get remote. Nevertheless, techno-scientific companies have emerged to accomplish this task, applying cutting-edge technologies such as artificial intelligence and machine learning to reconstruct and optimize the KYC methods.

What is Electronic KYC?

The EKYC process, often termed paperless KYC, electronically validates a customer's credentials. It is a paperless method that reduces the costs and common officialism needed in KYC processes.
The verification and validation of the identity of the customers happen instantly, encouraging businesses to raise their conversion rate up to 95% and provide a steady, relaxed and secure experience to their customers. EKYC methods improve customer satisfaction and guarantee that customers can handle the service from the beginning moment the business contacts them.

Features of our Digital KYC System

Experience secure and smooth client onboarding with Valydate4u – the digital onboarding platform for customers in real-time using AI-based electronic KYC. Our technology supports all KYC documents like PAN, Aadhaar, Driver's License, Voter ID, etc. Here are some of the features valydate4u has to offer:
  • Real-Time: Validate your clients status in real-time applying Optical Character Recognition (OCR)
  • Facial Recognition: You get the face match percentage of the face picture on the ID card and the live selfie taken.
  • Flexible: It is supported for all types of KYC documents, such as PAN, Aadhaar, Driver's License (DL), Voter ID and Passport.
  • Authentication: Inspects ID cards and documents to ensure real and not copied or tampered with.
  • Efficient: Onboard clients without any problem within a minute using AI-based technology.
  • Efficient: Onboard clients without any problem within a minute using AI-based technology.
  • Secure: End-to-end data encrypted with the direct client to server, eliminating any/all theft.
  • Security: We provide first-in-world Sign biometric and 2FA OTP, making it impossible for a data breach.

Our Solution - Valydate4u

Blue Bricks Valydate4u EKYC solution provides remote identity validation and control tailored to online customer acquisition banks and other fin-tech institutions. Our team offers banks a comprehensive onboarding experience by bringing together smart technologies, such as OCR, computer vision, ASR, and machine learning models, along with ecosystem API integration for hassle-free customer registration, uploading documents, and verification of identity.

Request free demo at

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Tags:Banking Technology
Location:Perth - Western Australia - Australia
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Page Updated Last on: Aug 09, 2021
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