The Benefits of Connecting to the eKYC Portal

 


There are many benefits that you can get as a result of getting connected to the eKYC portal. e-KYC utilities can be used solve the current KYC challenge that  is faced by financial institutions. The following are some of the benefits you can realize by accessing an e-KYC utility.

First of all, you are going to have a faster client onboarding and improved client experience when you connect to eKYC portal and get FIDO2 certification. With access to the right, up-to-date information, you can reduce the amount of times you need to ask a client for data or documents. You can enjoy faster client onboarding as well as quicker time to revenues by leveraging existing document and data assets more effectively, both internally and externally. eKYC utilities can drive quality at source and provide a more consistent experience to clients and get them ready to transact, save or trade faster, while offering more value-added services.

You will also experience significant operational efficiencies and cost savings when you connected to the e-KYC utilities. They will reduce costs by enabling you to standardize and automate technology, processes, data as well as organizational models. They can also rationalize systems, harmonize organizations, and reduce duplication as well as inefficient processes.

With the help of an e-KYC utility, financial institutions can expect to avoid repetitive onboarding processes and reviews, because the work has already been done by other service providers; that data is already stored centrally and securely. Because of this, much of the traditional effort involved is cut - including a large number of touchpoints that happen during the onboarding process, like client contact and sign-offs. Time to revenue is therefore much faster, overheads are quite lower, and clients are less likely to drop out during the process.

For more information on the benefits of connecting to the eKYC portal, visit our website at https://loginid.io/

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