KYC vs eKYC vs Video KYC Explained

 

 KYC (Know Your Customer), eKYC, and Video KYC are different approaches used by organizations to verify customer identity and comply with regulatory requirements.

Traditional KYC involves physical verification of documents such as ID proofs, address proofs, and in-person checks. This method is reliable but time-consuming and less scalable.

eKYC (electronic KYC) digitizes the process by verifying customer details through online da
tabases, such as Aadhaar-based authentication or document uploads. It is faster, reduces paperwork, and enables seamless onboarding, especially for digital platforms.

Video KYC is a more advanced form of digital verification that uses live video interaction to confirm identity. A customer connects with an agent or AI system, presents documents, and undergoes liveness checks. This method combines compliance with a remote, contactless experience.Each method has its own advantages. KYC ensures thorough verification, eKYC improves speed and efficiency, and Video KYC adds an extra layer of security through real-time validation.Organizations often use a combination of these methods based on regulatory requirements, risk levels, and customer experience goals to ensure secure and compliant onboarding processes.
https://gridlines.io/blogs/difference-between-kyc-ekyc-and-video-kyc/

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