Inc42 – How CPaaS Enables Video KYC For Financial Institutions


In January 2020, the Reserve Bank of India announced a major amendment in the know-your-customer (KYC) norms for banks and other lending institutions under its purview to permit the use of video-based customer identification process (V-CIP).

The move will help financial institutions onboard their prospective customers easily, without heavy KYC documentation, as they can use a consent-based alternate method for establishing their identity.

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