The digital banking domain is growing to combine compliance and convenience.
Introducing BankFlex® e-KYC—Electronic Know Your Customer— an innovative, real-time, paperless process that redefines identity verification. BankFlex® KYC includes the bank capturing details of the corporate client, their directors, shareholders, and beneficiary owners. This helps the banks meet regulatory requirements while delivering a seamless user experience.
The solution provides dual modes of verification that the customers can choose from. Either the bank staff can conduct the process using BankFlex® MAC or customers themselves can complete e-KYC through digital channels.
To make international compliance easy, BankFlex® e-KYC for corporate customers provides full support for FATCA (Foreign Account Tax Compliance Act). The solution can also integrate with external credit check systems to verify the identity details of the customer.
BankFlex® e-KYC works alongside the banks' core banking and CRM systems to synchronize customer databases. It includes the facility to attach identity and other supporting documents in different formats. It has a comprehensive rules-driven facility for back-office review and authorization of e-KYC submissions.
Smart Authentication: Verifies customer identity against official government issued IDs like passports, national IDs, and business registration documents using cutting-edge technology.
Comprehensive Document Capture: BankFlex® e-KYC is an ideal solution for automatically opening new accounts for potential and existing customers. Also enables the banks to comply with the regulation requiring periodic KYC verification.
New Account Opening: Ideal for automatically opening new accounts for potential and existing customers.
Regulatory Compliance: BankFlex® e-KYC provides one of the most sophisticated, secure, and fully compliant e-KYC in the market today.
FATCA Support: Fully adheres to FATCA (Foreign Account Tax Compliance Act) regulations, making international compliance easy.
BankFlex® e-KYC can also integrate with external credit check systems to verify the identity details of the customer.
Document Attachments: It includes the facility to attach identity and other supporting documents in different formats.
Comprehensive Review: It has a comprehensive rules-driven facility for back-office review and authorization of e-KYC submissions.
User-Friendly: BankFlex® e-KYC is quick and intuitive to use.
Seamless Integration: It can be easily configured to integrate with BankFlex® Open Account and other banking operations to ensure compliance.
Omni-Channel Support: e-KYC fully integrated with Internet Banking, mobile apps, and other BankFlex digital banking channels-enabling consistent experience across touchpoints.
Banking doesn’t need to be slow or complicated.
With BankFlex e-KYC, you can onboard corporate clients faster, verify smarter, and operate more securely – without the paperwork.
