Video KYC for online accounts

[neku]

Increasingly banks and other financial services companies want their users or customers to do video KYC. What are the advantages of doing video KYC compared to conventional KYC where only documents or information has to be provided?

 

[Trush Jodie]

I know that online banks always ask for a video of your rotating face to match with what they have in the national database to verify new accounts.

 

[Augusta]

Video KYC allows a customer to complete a KYC from the convenience of their homes. They can submit and complete the KYC check simply over a scheduled video.