A customer engagement technology provider, Ameyo has launched video KYC engagement platform for the banking and finance sector. The newly launched platform will eliminate the businesses’ requirement of physical KYC in accordance with latest RBI guidelines issued in January 2020. It is expected to decrease the customer onboarding process from the present 5-7 days to less than 3 minutes.
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This platform ensures the businesses to reduce video KYC completion drop offs by 20% along with reduction in operation costs by upto 90%. Enterprise grade security like AES-256 Encryption has been used in this platform that will enable banks, mobile wallets and NBFC to be 100% compliant with the RBI guidelines.
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