Global governments are requiring businesses, including financial and Telecom institutions, to verify the identities and affiliations of their clients. The identification processes, also referred to as customer due diligence (CDD) or Know Your Customer (KYC), are meant to identify and stop financial crimes, including money laundering.

Safe online transactions are now the foundation of any company trust as a result of the constant digitization of our daily life, and verification procedures should naturally evolve along their offerings. A trustworthy online identity verification procedure is necessary, given the rise in the frequency of digital interactions. Finding reliable, effective, and user-friendly identification techniques has always been difficult. In the telecom industry, eKYC, or Electronic Know Your Customer, is an overlooked yet important part of creating a fully digital customer on-boarding process.

THE IMPORTANCE OF EKYC

Bridging the gap between technological prowess and user security, eKYC is the modern answer to identity verification challenges. In essence, eKYC is a method that digitally optimizes how businesses confirm the identity of their clients, ensure digital KYC compliance, and prevent money laundering and financial crime. The solution offers more benefits to Telcos and Institutions rather than just an ease of use and process.

Digitalization of customer onboarding – eKYC makes it possible for customer onboarding to be fully digitalized, which is a critical first step towards digitizing the entire customer journey.

• A friction-less user experience - End users can present the necessary documentation and prove their identity without having to visit a physical store. They can finish the entire process from the comfort of their own home because it is entirely digital.
• Prevents SIM fraud: eKYC offers a more secure identity verification procedure that uses biometric technology for immediate results in an increasingly digital world.
• A more environmentally friendly KYC: Going digital reduces the use of plastic, paper, and CO2 emissions, which helps you cut down on waste and your carbon footprint.
•  Reducing Security Risks: Although digital spaces are convenient, they are also full of dangers, like identity theft and cyber fraud. The first line of defense against these online threats is eKYC.
• Optimizing Business Dynamics: In the age of on-demand services, companies need to respond quickly. Quick customer on-boarding is made possible by a digital KYC procedure without compromising security in the slightest.

THE ANATOMY OF INMOBILES RELIABLE EKYC PROCESS

A scalable growth strategy and staying on top of your company's eKYC requirements all depend on your partnership with the right provider. Therefore, while harnessing the power of its in-house AI and advanced ML, inMobiles has developed the latest in eKYC technology.

Our solution is compliant with European and international regulations. It aligns with the General Data Protection Regulation (GDPR) and Anti-Money Laundering and Anti-Terrorist Financing (AML/ATF) to accurately verify the identities of customers using the latest in face detection and recognition technologies, and this also ensures that customer data is safeguarded and secure.

Additionally, it provides simple API integration, allowing for a "plug-and-play" solution that can cut down on integration time from months to days.

• 85% of Business administration processes trimmed
• 66% Reduced risk of losing your business documents
• 80% Increased business operational efficiency

STREAMLINE AND SPEED UP YOUR BUSINESS GROWTH WITH INMOBILES EKYC

Safeguard your business with a verification flow that syncs with your regulator’s requirements. Verify documents, get proof of address, and perform ongoing user screening to ensure full compliance.

Say goodbye to other services that can’t meet your needs.

• Identify and remove scammers: Remove dishonest users while maintaining access for authorized ones. Verify identification documents, run liveness checks, and look for any indications of fraud.
• Check once, apply right away: If a user has previously been verified, allow them to bypass the queue. It only requires a pin, which typically takes less than 4 seconds; the entire KYC flow doesn't need to be repeated.
• Accessible via any gadget: Verify your identity using any device—a tablet, laptop, computer, or smartphone. Authorize documents from any location; no distance restriction
• Seal and sign the document: Utilize the same platform for electronic stamps and signatures. Verify the signer's identity to ensure they are who they say they are.

A COMPLETE SOLUTION WITH MANY SATISFYING FEATURES

Governments and law enforcement agencies are under constant pressure to tighten laws about money laundering to eradicate financial crimes. InMobiles helps companies onboard new customers by analyzing customer behavior, creating risk profiles, and keeping an eye on continuous eKYC. With support for more than 150 languages, InMobiles offers electronic KYC solutions in more than 240 countries and regions. InMobiles is helping companies stay out of trouble and adhere to strict rules.

inMobiles’ eKYC isn’t just another digital trend; it’s a foundational element in the blueprint of future digital interactions from SIM Activation(S) to Mobile service subscriptions. As businesses navigate the digital age, inMobiles’ eKYC stands out as a valuable tool for businesses navigating the digital age. It provides the speed, security, and flexibility needed for a seamless digital experience.

Looking for a global compliance platform for eKYC? Get in touch with us today!