Financial Industry Use Case

Banks, Assurance Companies, Consumer Finance, Cryptocurrencies, Financial Services

Operations Risk Level: High, according to new KYC/AML Customer Onboarding

PROBLEM

Customer Identification is currently done by person in branch offices, face to face

Inconvenient process for user

Time to Market is 2-3 weeks Average

Acquisition Rates is lower than 10% from marketing campaigns in media

SOLUTION

Video Identification

VideoID is the first solution that identifies people by video in real time with the same level of technical security and legal compliance as face-to-face identification

SOLUTION

Video Identification

VideoID is the first solution that identifies people by video in real time with the same level of technical security and legal compliance as face-to-face identification

Customer is self-identified by VideoID from any device (25 seconds)

A qualified team review the registration thanks to our Registration Authority Application in an asynchronous process.

Customer is self-identified by VideoID from any device (25 seconds)

A qualified team review the registration thanks to our Registration Authority Application in an asynchronous process.

Onboarding new customers in a matter of seconds, combining video in streaming technology within most advanced identification algorithm of Artificial Intelligence/Machine Learning for Identification. VideoID checks in real time authenticity of IDCards/Passports along 153 countries and identify person claims.

BENEFITS

According with a Business Case done by Business Case Institute in London (BCI) VideoID technology enables organizations to:

Increases Customer Conversion Rate from 70% to less than 10%

Improves Customer Satisfaction and business Growth and Profitability

Improves Customer Satisfaction and business Growth and Profitability

How to use it

1 clic on boarding service

Start now (a few seconds, including a “Identification Buttom” in your web)

API
Integration

(1-3 months to go live)

Some of our references

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