Verified Rentals and House Product sales: Real-estate agents and residence professionals can leverage video KYC to confirm the identities of tenants and landlords during the rental or sale process. This assists avert fraud and makes sure leases and purchase agreements are signed through the approved get-togethers.
Online KYC sort: The customer ought to fill out an online KYC variety and post it on the respective Business, attaching their signature using possibly a printout or digital signature.
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Criminals often use spoof assaults to pose as legitimate customers, getting unauthorized usage of accounts and sensitive facts. By utilizing video verification, banks can ensure that only the real customer interacts check here with the establishment, protecting against fraud and identity theft.
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Footprint's onboarding controls empower companies to require attestable consumer encounters and collect additional forms of identification.
The platform employs AI and ML to confirm customer data and has decreased time to complete the KYC process from several days to just a few minutes.
Once the phone is complete, the officer helps make a advice for approval or rejection of the applying. If verification is effective, the application kind will likely be digitally signed via the licensed officer.
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