Bajaj Finserv inks Kwik.ID as their Exclusive Video KYC Partner

Bajaj Finserv

Kwik.ID, Video KYC solution has inked a strategic partnership with Bajaj Finserv and Shinhan Bank to provide them services pertaining to Video KYC and help them achieve growth trajectory in Q2.

According to the firm Kwik.ID’s KYC offers a completion rate of 85 percent and will enable these financial services providers with convenient customer acquisitions, quicker customer onboarding and other financial operations. Kwik.ID’s AI-powered face-match and OCR tech-backed document verification strengthens the V-KYC process as it identify fraud in real-time.

Bajaj FinservMonish Salot, Co-founder and Chief Product Officer of Think Analytics said, “It was a long and competitive evaluation processes, at the end of which Bajaj Finserv has chosen Kwik.ID as their exclusive V-KYC partner. This is a great vindication of our focus on product excellence, and flexible user-journey design. Bajaj and Shinhan as client partners further highlights the domain expertise we bring to the table, in addition to 250-300% monthly growth in volumes we have witnessed during COVID. We understand regulated entities and we build for enterprise scale and with startup agility”.

Cho Sung Bok – Director of IT India, Shinhan Bank, “We are glad to join hands with Kwik.ID as the product offers all relevant features and modules necessary to carry out successful Video and Digital KYC sessions, such as security, infrastructure and bandwidth support. We are confident that this association will drive significant operational efficiency and customer convenience improvements; we look forward to our fruitful association.”

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