BASIS ID

The banking and the financial sector need quick processing tools as in such sectors one has to deal with multiple customers in a day. Maintaining and tracking information of each customer in the systems is important to make sure that in the future there are no troubles in accessing their banking details. Most of you are aware that when you have to make a new account of a customer in your bank or financial institute, you need the customer KYC application form to complete the formalities and verify their information. This verification process is lengthy and can take up more time and keep your customers waiting. Therefore, you need a next-gen solution powered by artificial intelligence. BASIS ID offers you excellent id verification software that is completely based on AI. The processing time of the software is in seconds. You can see it yourself by requesting a free demo from the professional team at BASIS ID.  When most people look for artificial intelligence software for KYC verifi...

How are you verifying the identity of your customers since everything has become online and you cannot see them face-to-face? Or what’s your master plan on protecting your financial institute from thefts and money launderers? Have you got any idea? If not, don’t worry because we have found a robust and powerful tool that will help you. If you don’t want to spoil your user’s experience, you should start using an  identity verification service . This software is specially designed for financial sectors so the identity of customers can be verified easily and quickly. That’s why identity verification software is used by many banking and financial institutions. Since identity verification is so important, both legally and for the general security of your business, you cannot just choose any KYC vendor. If you want to get the most amazing experience that is worth your time and money, follow these steps and find the most trusted service provider in no time.  ●  Service coverage:...

The advent of the Internet and its advancement over time has drastically changed the way we interact with the world. Starting from procuring daily utility items to making online transactions, every activity involves the use of the Internet. Banks and fintech firms are the biggest users of Internet services for making monetary transactions easy through online operations.  But the major struggle facing such companies is complying with the legal requirements to ensure a secure transaction process. This usually involves a customer id verification step for efficient onboarding. Though customer id verification is an important step, it might affect the user experience. Most  AML id verification  software solutions complicate the process which makes the customers abandon the process in the middle. The customer id verification process provided by current tools is lengthy and time-consuming, thus, deteriorating the quality of user experience. Hence, most businesses lose potential c...