We are introducing a new module of the KoenigFinance platform — Video Identification, an effective solution for the implementation of the Know Your Customer principle.
It is important for financial institutions to know exactly to whom they provide services. The KYC policy is aimed at minimizing risks linked to remote account opening. Online high-definition video chat allows for establishing an instant connection with a client that has to be identified and performing a real-time verification.
The entire conversation between the verification manager and the customer is recorded and stored on the company’s servers for further access. 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.
Customer verification takes only a few minutes. You will always be confident in the authenticity of the uploaded documents, and video of each identification procedure along with customer photos will be saved and accessible at any time.