- Identity &
- Document Verification: Inspect and cross-reference official government IDs (such as PAN, Aadhaar, passports, or driving licenses) against application data.
- Video/Digital &
- Field KYC: Conduct real-time video calls (VKYC) or local address/document checks to authenticate customers remotely or in person.
- Customer Due Diligence (CDD / EDD): Perform risk-based evaluations to categorize clients (low, medium, or high risk) and conduct enhanced due diligence when necessary.
- Fraud &
- Tampering Detection: Identify forged documents, data discrepancies, or suspicious behavioral red flags during onboarding.
- Regulatory Compliance: Adhere to local and international banking, privacy, and financial crime frameworks (e.g., FATF, CERSAI, or regional central bank guidelines).
- Record Keeping &
- Reporting: Maintain accurate audit trails, update CRM/back-office databases, and log verification statuses or escalate suspicious activity reports (SARs).