Trained on diverse facial variations and ID formats, our robust AI solutions have onboarded over 750 million users.
$300M+
Saved in fraud losses
~10Sec
Document Collection TAT
50%
Reduced Drop-off Rates

KYC is required by NBFCs and banks to prevent fraud, money laundering, and comply with regulatory guidelines.
Non-compliance with KYC regulations can lead to penalties, reputational damage, suspension of operations, or license revocation for NBFCs and banks.
Common challenges in the KYC process for NBFCs and banks include managing a large volume of applications, verifying complex business structures, and staying up to date with changing regulations.