Wibmo unveils Video-based Customer Identification Process for Banks

Wibmo Inc, payer authentication services provider of card payment security solutions has launched Wibmo Video-KYC, its video-based KYC solution in a bid to enable banks to digitally onboard their customers.  With Indian regulators opening up digital channels for KYC compliance, lenders are looking at faster and more cost-effective ways to onboard customers especially during the current Covid-19 pandemic.  This solution will not just assist banks and financial service providers in bringing on new customers, but also opens up more ways for reaching their customers online.

 

Wibmo Video-KYC serves as a one-on-one digital interaction platform between banks and their customers.  “Wibmo’s Video-KYC platform has been designed keeping in mind the emerging need of financial service providers and their customers world-wide to establish a trust relationship in a digital world.  Built to ensure secure methods of identity verification, it is another important addition to ACCOSA-IVS, the company’s comprehensive enterprise-class suite of digital identity verification services launched last year.  Built with end-to-end data encryption, and AI-based user verification technologies, it complies with RBI guidelines in India and the requirements of banks in all countries that we serve today.” said Govind Setlur, CEO of Wibmo.  “Our customers today trust us with their payment security and digital payments, and this builds on that trust and extends it”, he added.

Wibmo Inc. headquartered in Cupertino, CA, is a member of Nasper’s PayU group of fintech companies is a leading provider of digital payments and payment security solutions, annually processing billions of transactions for financial institutions in over 20 countries.

The Banking & Finance Post is an initiative of Elets Technomedia Pvt Ltd, existing since 2003.
Now, Elets' YouTube channel, a treasure of premier innovation-oriented knowledge-conferences and awards, is also active. To Subscribe Free, Click Here.

Get a chance to meet the Who's who of the NBFCs and Insurance industry. Join Us for Elets FSI Virtual Conclave and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.