SBI announces video-based KYC: How it works and more

SBI has announced the launch of Video Know Your Customer (VKYC) feature. According to the country’s largest bank, the launch is in line with SBI Card’s aim to establish an end-to-end paperless, digital sourcing and onboarding process. The VKYC will use several tech techniques like geotagging, facial recognition and more to ensure authenticity of the applicant’s identity. Here’s all you need to know how SBI’s VKYC works …

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