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Know Your Customer (KYC) is a process of verifying the identity and credentials of customers, especially in the financial sector. KYC is essential for preventing fraud, money laundering, and other illegal activities. However, traditional KYC methods are often slow, costly, and inconvenient for both customers and service providers.
AI on Mobile is a new technology that enables fast, accurate, and convenient KYC verification using smartphones. AI on Mobile uses advanced algorithms to analyze biometric data (such as face, voice, or fingerprint) and document data (such as ID cards, passports, or bank statements) captured by the smartphone camera or microphone. AI on Mobile can also perform liveness detection, anti-spoofing, and geolocation verification to ensure the authenticity and validity of the customer’s identity.
AI on Mobile has several advantages over traditional KYC methods. Some of these advantages are:
– It reduces the time and cost of verification by eliminating the need for manual checks, physical visits, or third-party intermediaries.
– It improves the customer experience by allowing them to complete the verification process anytime and anywhere using their own devices.
– It enhances the security and compliance of the verification process by using encryption, blockchain, and cloud technologies to protect the customer’s data and privacy.
– It enables faster and cheaper verification of customers’ identities and documents, without relying on expensive GPU cards or cloud-based systems. AI on mobile runs on the edge of the network, which reduces the latency and bandwidth issues that often affect cloud-based solutions.
AI on Mobile is a disruptive force in the automated digital KYC world because it offers a superior solution for identity verification that meets the needs and expectations of both customers and service providers. AI on Mobile can help service providers increase their customer base, reduce their operational costs, and comply with regulatory requirements. AI on Mobile can also help customers access various services faster, easier, and safer. AI on Mobile is not only a technology but also a paradigm shift in the way we verify our identities in the digital age.
EnQualify is a game changer automated e-kyc product that use AI on mobile. EnQualify offers more privacy and security for customers, as their data is processed locally on their devices. EnQualify is the future of automated digital KYC, as it provides a seamless and convenient user experience that meets the regulatory and business requirements.
