Improving Customer Onboarding Solution�amount of efficiency of OTP-Based eKYC Solutions
Abhishek Singh05 Jun, 2024Technology
The implementation of eKYC has considerably improved customer onboarding options. Traditional KYC processes, such as sending physical copies of documents and manually verifying them, are time-consuming and inefficient. In comparison, the OTP-based eKYC approach is a dependable and speedier option. This method verifies a customer's identification by cross-referencing their Aadhaar information with the information they gave while opening an account. The entire process takes only a few minutes, saving time and money.
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