Digital KYC – How remote customer verification can speed up your business

If you run a business in a specific industry, you know that customer verification is essential. KYC (Know Your Customer) software can help you verify your customers quickly and easily, so you can keep your business running smoothly. Here’s how digital KYC can help you speed up your business:

• KYC can help you verify customers in seconds, instead of days or weeks;
• KYC can automate the customer onboarding process, so you can focus on other aspects of your business;
• KYC can help you keep your customer data safe and secure.

So, if you’re looking for a way to speed up your business, digital KYC is a great solution. With KYC, you can verify your customers quickly and easily, so you can focus on other aspects of your business. Digital KYC can help you grow your business by making customer verification easier and faster.

The customer onboarding process is the process of getting new customers. This usually includes creating an account, verifying their identity, and collecting information about them. KYC can help to streamline this process by ensuring that businesses have the necessary information about their customers.

A digital KYC is important in different industries for a variety of reasons. KYC helps organizations verify the identity of their customers and ensure that they are who they say they are. This is especially important in industries where customer data is sensitive, such as banking and healthcare. KYC also helps organizations comply with anti-money laundering (AML) regulations.

Automated KYC solutions reduce onboarding process

Automated KYC software can reduce the onboarding process from days or weeks to minutes. Usually, customer data is manually collected and verified by the business, then KYC automates the process by generating a report that can be used to verify the customer’s identity.

The fully automated KYC solution developed by QOOBISS reduces the time necessary to verify users’ identity from 5 minutes to only 3 seconds, allowing an increase in the number of users by over 50% and a 70% increase in the approval rate, according to an analysis performed by the company to a fintech company.

Digital KYC also offers features such as fraud detection, which can help businesses avoid costly chargebacks. A custom KYC solution is a great tool for businesses of all sizes that want to streamline the customer verification process. KYC software can also be used to detect and investigate potential money laundering activities. By using KYC and AML solutions, businesses can protect themselves from costly chargebacks and fines.

Contact us to learn more about how the QOOBISS’ digital KYC can help your business grow.