Financial Express – Video KYC: How technology makes life easier for investors


There are several ways video can help in providing a remote and paperless onboarding process that minimises the cost and eliminates traditional bureaucracy.

Investing in an instrument in India is easier than completing the formalities like Know Your Customer (KYC) to become eligible for investment despite having money to invest. For KYC purpose, prospective investors need to fill complex forms and need to visit bank branches and stand in queues to submit the form, along with supportive documents.

For long, many businesses have tried to make the process simpler and shorter for customers, although it still requires the customer to either walk to the bank or have an agent from the bank visit their home to complete the process.

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