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AccelV-KYC
Secure, Fast, and Scalable Video KYC for Effortless Customer Onboarding. Accelerate customer verification with AI-driven KYC and consent capture – all designed to reduce costs, encourage compliance and prevent disputes.

The Impact on Insurers

   0% Reduction in Costs Shown to reduce onboarding costs by up to 70% due to the automation of traditional manual processes and the elimination of physical infrastructure.
   0% Savings in Time Time savings of up to 90% are achievable, as the digital process significantly accelerates the turnaround time for customer verification, allowing for faster onboarding.
   0% Compliance Complete compliance KYC regulations, mitigating fraud risks, eliminating policy-related disputes, and maintaining secure audit trails to avoid legal conflicts.
AccelV-KYC
AccelV-KYC offers secure, video-based customer verification through real-time document validation. By eliminating the need for in-person meetings, it accelerates KYC processes, reduces costs, and enhances fraud prevention, while delivering a smooth and compliant policy issuance experience for customers and insurers alike.

Multi-layered User Authentication

Remote Identity Verification Customers complete the KYC process with an agent or an automated system via a secure video call, eliminating the need for physical meetings.
Real-Time Document Verification Customers show identification documents, which are instantly verified using AI and OCR technology to ensure authenticity and accuracy.
Liveness Detection The system ensures the person is real, not a pre-recorded video, by requesting simple actions like nodding or smiling.
Facial Recognition AI and machine learning are used to match customer faces with ID documents, identify fraud patterns, and ensure compliance.
Regulatory Compliance Adheres to local and international KYC and AML regulations, ensuring anti-fraud and data protection standards.
Agent-Assisted or Automated Depending on the insurer’s setup, the process can be conducted with a live agent or fully automated using automated systems.
Customizable Data Collection Tailor the verification process to seamlessly integrate with your existing onboarding process, simplifying the upload of national identity documents.
Secure Interactions Secure audio and video communication during interactions with end-to-end encryption, protecting customer data and maintaining confidentiality.
Multi-Channel Access Initiate the video KYC process through SMS, email, or WhatsApp, offering customers flexibility and convenience.

Why AccelV-KYC is right for you
Cost Efficiency Reduces operational costs by eliminating in-person meetings and paperwork, resulting in significant savings across the verification process.
Enhanced Compliance Ensures adherence to AML and KYC regulations, mitigating risks and maintaining secure audit trails to avoid legal disputes.
Faster Policy Issuance Accelerates the policy issuance process, allowing insurers to capture more business opportunities and improve overall revenue.
Fraud Prevention Leverages advanced technologies like AI and liveness detection to minimize fraud risks and ensure the authenticity of customer identities.

Next-level Convenience for Agents and Customers
Improved Customer Experience Provides a convenient and user-friendly verification process, allowing customers to complete KYC from the comfort of their homes.
Real-Time Verification Enables instant identity verification, reducing delays and enhancing trust in the insurance purchasing process.
Authentication Traceability Secure audit trails and time-stamped records offer complete traceability of authentication steps, ensuring accountability and preventing potential disputes.
Seamless Integration Easily integrates with existing onboarding processes, making it straightforward for sales teams to adopt and for customers to navigate.

Building Enhanced Customer Journeys with AccelV-KYC

Step 1: Initiate A video call is set up by an agent for customer identity verification.
Step 2: Connect Link to connect shared with customer over email or SMS, call starts upon clicking the link.
Step 3: Submit Customer provides ID documents during the call, which are verified in real-time.
Step 4: Verify System performs facial matching, document verification and liveness check to confirm identity.
Step 5: Complete After verification, identity is confirmed, and the customer proceeds with their application.

Use cases

Policy Issuance Swiftly verify the identity of customers purchasing life or health insurance policies, ensuring quick and compliant policy issuance.
Renewals Facilitate quick policy renewals with remote identity verification, eliminating the need for in-person visits and expediting the process.
Health Claims Processing Verify policyholders’ identity during health claim processing to prevent fraud and maintain secure transactions.
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