Clients are not only the most important asset of any company, but also a source of risks. You must be absolutely sure about the data received from clients when providing any financial services. That is why we have paid special attention to the development of a multilevel KYC (Know Your Customer) verification system.
Video verification of your clients’ identity is an effective way of mitigating fraud risks. A growing number of financial regulators consider the video identification procedure mandatory, and having the feature in-built in the KoenigFinance platform makes you compliant with this requirement by default.
- How does this work?
Real-time user identification via online video chat between a financial organization’s manager and a client is there to cut the risks linked to remote verification. A check in the form of video chat with the client may also dispel suspicions a manager might have over the authenticity of the client’s documents.
The Video verification tool is built into every KoenigFinance solution. It is a completely autonomous system that doesn’t require any installation of additional software on the client’s side — logging in to their personal profile on your website using a modern browser will suffice.
Customer verification takes only a few minutes. During the identification procedure, the manager verifies the authenticity of the uploaded documents and takes several photos on which the client of the organization and their documents are clearly visible. The video captured during the session along with customer photos are saved and accessible at any time.
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