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WHY IS EKYC SOLUTION ESSENTIAL IN THE BANKING INDUSTRY?

The emergence of the electronic Know Your Customer (eKYC) identification solution has proven its indispensability in the banking sector.

No need to visit a branch for registration or verify personal documents, which is both time-consuming and labor-intensive. Customers can perform these tasks via internet-connected smartphones anytime, anywhere, without the need for direct face-to-face interactions.

This helps banks save on human resources, time, and operational costs. Especially with eKYC technology, customers will have a better banking service experience.

Customer information is quickly stored and digitized on the bank’s CRM, facilitating easy lookup, customer data management, and enhancing information security.

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Source: Admin compilation