Digital Know your customer (KYC) verifications are all set to be the next big vertical, as India progresses towards a digital future. With the rise of Aadhaar and digital methods of processing data, it has now become possible to develop industry-leading KYC systems for use in the subcontinent.
One of the well-known companies for identity verification and user onboarding in India, Accura Scan is making considerable strides in the space. Today we are proud to announce that with one of the fastest onboarding times of any digital KYC company, and full compliance with regulation, Accura Scan is building the foundation of the next generation of KYC.
Shift from Conventional methodologies
The company has been operating in the KYC space for a while now, focusing on a 100% digital and instant KYC solution. We also also have an emphasis on accurate data extraction and validation process, using technologies such as OCR to do so.
We are at the cutting edge of using emerging technologies for KYC processes. Overall, the company provides services such as ID using videos for KYC, eSignature options, Aadhaar based KYC and a vault service. Not only this, but in previous blogs we have informed that the solutions can be tailored to the needs of the customer, and highly increases the speed of onboarding while ensuring complete compliance with Aadhaar ordinances.
The solutions can not only extract data from most government issued ID cards such as Aadhaar, PAN, driving license and more, it can also perform ID classification and forgery checks. Moreover, Accura’s Services also provide database checks for the given ID.
This is used in conjunction with either a selfie photo or a selfie video for liveness check. This also creates a backup in the form of a video message for non-repudiation purposes. The platform makes heavy use of AI in many of the products.
As Accura’s CEO Yasin Patel comments –
“Our eKYC solution is completely driven using AI. We do simple and accurate things such as Document classification, ID card forgery checks, Liveness check, and a Live Selfie capture, and Face match to do authentication. This is needed the most by organizations”
Identity theft and fraud are issues that many organizations must combat. The challenge of today’s organizations is to create a Seamless User Authentication process while reducing transaction friction and deterring fraud. Accura Face Match allows businesses to establish the genuine identity of their users remotely in real time.
For businesses, we offer following:
- Easy customization of our Face Match solution to have a dynamic app that works offline
- Full control for branding the app user interface (UI) design to create a lasting impression on your targeted end users.
- Seamless integration of our Mobile Face Scanner SDK / API into your existing mobile app for private or public use.
They are not just a user of these technologies. In fact, Accura Scan boasts of having developed the world’s most accurate facial recognition algorithm. The move forward of Accura Scan represents the movement of KYC procedures in India. Just a few years ago, most of the KYC procedures were done using paper-based methods. This changed with the introduction of Aadhaar.
Lastly, Accura’s clients remain with Accura Scan because of our proactive approach towards making a flawless product and service. We strive to position ourselves as more than a KYC solution provider with our value-added services. We believe in our product and that is why we offer you to try our exclusive system absolutely free. Clients can do a PoC (Proof of Concept) by using the developer account at https://accurascan.com/developer/dashboard. Clients can register for free and generate SDK license and Web API keys for OCR and Face Recognition. Upon registration each user gets 100 KYC checks to evaluate the solution, this can be increased by sending us an email to connect@accurascan.com.