Given the risk of fraud in this digital world, eKYC solution has become an essential component of any mobile banking app. Thanks to eKYC solutions, banks can verify customers online no matter where they are. And the process is done automatically without human intervention while staying complying with regulations.
But eKYC is not a stand-alone solution. It is a mix of features that together help banks onboard customers fast and conveniently. Below are the 8 eKYC technologies that are transforming the way banks verify their customers.