Gadgets Now Bureau03 Nov, 2020, 11:33AM IST
SBI Card has announced the launch of Video Know Your Customer (VKYC) feature. According to the country's largest bank, the launch is in line with SBI Card's aim to establish an end-to-end paperless, digital sourcing and onboarding process. The VKYC will use several tech techniques like geotagging, facial recognition and more to ensure authenticity of the applicant's identity. Here's all you need to know how SBI's VKYC works ...
Customer fills application form on SBI card website or through a tele-calling channel
Through this link, customer fills his/her details
The photo taken during call is matched using facial recognition software, with the one on Aadhaar and PAN card.
Once everything matches, VKYC is complete.
As per SBI, e-sign process helps in obtaining digital signature from the applicant on a digital application form. The applicant receives his application form in PDF format for validating the details he has provided. Once applicant digitally e-signs are verified, the application form and card processing can start.