KYC - Know Your Client
Businesses start to ask, what is KYC? KYC is an abbreviation of Know Your Client or Know Your Customer. KYC is a widely used terminology, especially in the banking, finance, and insurance realm. It is an action on knowing who the clients are while joining to be your business's customer. With the Know Your Client process, any type of business can check clients' identities and verify if they are who they claim to be.
By doing this, businesses of all sizes can be protected by any possible threats. During this era where the internet is a big part of everyday activities in many people's daily life, it is extra important to make the business safe and secure. Making revenues are important, but doing so in a safe environment is also a crucial factor.
Governments are requesting businesses in banking and finance to comply with the regulations on KYC. Cooperation from the businesses can help to make a clean and safe financial environment. This can also meet the international standards regarding money laundering and related illegal actions.
From Traditional KYC to Online identity verification service
Once considered time-consuming traditional ways of KYC, a Know Your Customer process is showing a shift in speed and accuracy. The transition in the movement has become possible due to the internet. Going online has led to not only the convenience in the solution process but also the accuracy and preciseness in the solution results. AI-powered online identity verification service is becoming more precise than ever.
Are you one of the businesses that want to know the detailed process of KYC? Let us help you with what steps are needed on Know Your Customer process, on the business side and the user side.
Knowing who you are doing business with is important. It provides a trustworthy environment for both the business and the user. The revenue increase is crucial, but doing so in a reliable and safe environment is also important.
KYC Process Steps - Business Side
Once decided to verify future customers' identities, then this is what you need to do. When your customers onboard, you let them go through a seamless KYC process provided by ARGOS KYC.
The KYC process itself usually takes less than 5 minutes.
As ARGOS KYC can support verifying more than 4,000 ID documents from 193 countries around the world, global coverage is possible. So from where in the world your potential customers are, ARGOS KYC can support your business in verifying clients' identities.
KYC Process Steps - User Side
KYC process steps are simple and fast, but reliable with ARGOS KYC. These are what your future customers need to do.
1) Take a photo of the ID
(e.g. passport, driver's license, government-issued ID)
2) Take a selfie
That's it.
Once submitted, a hybrid of AI technology and human experts will go on and verify identities based on the provided documents.
Reliable KYC solution - ARGOS eKYC solutions
The traditional way of checking is time-consuming and causes extra cost as it may require additional hiring. Also, there is no guarantee regarding the accuracy. ARGOS KYC can support your business to focus on what you can do while our team can verify identities.
Making your customers check their identities is not difficult with ARGOS KYC as we provide a hassle-free experience. ARGOS KYC has global coverage, able to verify over 1,400 ID types from more than 193 countries. So businesses can build a relationship with identified ones from around the world. No losing customers or revenues.
Please contact our team to help you to be in a trusted environment. AROGS KYC solutions provide a hassle-free onboarding experience to customers - simple, fast, and reliable.
Simple, Fast, and Reliable
If you are one of the companies that need to check your potential customers' identities, then a simple and hassle-free KYC experience is crucial. You do not want to lose any customers because of the complicated KYC process!
ARGOS KYC has a simple KYC onboarding solution. Simple but with reliable identity verification technology. We operate with a hybrid of machine learning and human experts where trustworthy results can be submitted with a short period of time.
eKYC Solutions with Global Coverage
Please contact the ARGOS KYC team to receive more information regarding the detailed handling time, volumes, and price. We are here to enable you to identify anyone at any time anywhere as ARGOS KYC provides global coverage. Supported with AI technology, ARGOS KYC can support your business to verify your potential customers and resume a safe and reliable business transaction.
You can identify anyone at any time anywhere with ARGOS KYC AI technology. This means businesses can have a global onboarding coverage, decrease in cost, and meet gov't compliance. Build a relationship with trusted ones.