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Automated Insurance Onboarding with VBIP -enabled Video KYC

Instantly verify KYC documents & identities with a solution that’s
Quick & Cost-effective
AI-powered & Aadhaar eSign-enabled
Smart & Streamlined
Fraud-free & Paper-free
IRDAI-compliant
ISO

ISO 27001:2013 and 9001:2015 certified

VBIP-award

Global Banking & Finance Review’s Best Digital Onboarding Product of 2020

VBIP-regulations

Compliant with IRDAI-VBIP regulations

What is VBIP ?

Video-based Identification Procedure or VBIP is a real-time, seamless, and end-to-end encrypted process for identification & paperless KYC verification. This alternative video-based KYC procedure is carried out by the insurer or an official authorized by the insurer & trained for face-to-face VBIP. The process involves

Aadhaar authentication or eSigning OVDs for identity verification
Questionnaire-based audio-visual interaction
Image capture & data extraction
Facial matching & KYC validation
VBIP

Seamless & Contact-less Insurance Onboarding Using Video KYC

Insurance-Onboarding Aadhaar is authenticated or customer uploads & authenticates OVDs using Aadhaar eSign Insurance official begins an audio-visual interaction with the customer & records the video Customer’s live picture and document images are captured ML techniques are used to match the picture with the photo in the customer’s IDs AI & OCR technology extract image data & validate them with standard databases Customer’s location is determined by geo-tagging Customer is successfully onboarded using video KYC Customer is invited for video KYC & consents 01 . Invite 02 . Authenticate 03 . Interact 04 . Capture 05 . Match 06 . Validate 07 . Locate 08 . Onboard

Seamless & Contact-less Insurance Onboarding Using Video KYC

01 . Invite

Customer is invited for video KYC & consents

02 . Authenticate

Aadhaar is authenticated or customer uploads & authenticates OVDs using Aadhaar eSign

03 . Interact

Insurance official begins an audio-visual interaction with the customer & records the video

04 . Capture

Customer’s live picture and document images are captured

05 . Match

ML techniques are used to match the picture with the photo in the customer’s IDs

06 . Validate

AI & OCR technology extract image data & validate them with standard databases

07 . Locate

Customer’s location is determined by geo-tagging

08 . Onboard

Customer is successfully onboarded using video KYC

IRDAI-compliant VBIP Solution

Our video KYC solution allows insurers to verify and onboard customers using VBIP-enabled workflows that adhere completely to IRDAI regulations and Aadhaar e-signatures that comply with the IT Act (2000).

VBIP-Solution
VBIP-Benefits

Onboard Digitally, Verify Instantly & KYC The Benefits!

Streamlined & cost-effective KYC verification

AI & ML-enabled video KYC that reduces onboarding costs by 90% by automating KYC workflows & digitizing insurance documentation

Instant & remote insurance onboarding

A video-based upgrade to manual KYC and document verification resulting in a TAT reduction of 99%

Customizable with configurable documents

Flexible & enterprise-ready document verification solution supporting all OVDs

Contact-less & paperless video KYC

Completely digital video-based KYC clears away the paperwork and removes the need for physical presence, increasing efficiency by 20% and ensuring zero physical contact

IRDAI-compliant identity verification

VBIP-enabled video-based KYC verification that’s completely compliant with IRDAI regulations

End-to-end & anti-fraud solution

Online & offline Aadhaar authentication, Aadhaar eSign & seamless video KYC integration with ML-powered fraud filters make for a complete & secure solution

Customer-centric onboarding

AI-powered validation & intuitive dashboard help customers sail smoothly through the onboarding process with 20% fewer KYC drop-offs Are you ready to watch your TAT go from days to minutes?

Are you ready to watch your TAT go from days to minutes?

Highlights of SignDesk’s VBIP Solution

AI-powered data validation

Data from document images is validated instantly using standard databases

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Image data extraction

OCR technology reads and extracts relevant data from document images for instant authentication

Face match

Live image of the customer is matched with photo on IDs

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Geo-tagging

Customer location during video KYC is ensured to be within India using geo-tagging technology

Aadhaar authentication

Smooth KYC verification enabled with Aadhaar authentication supporting XML files & QR codes

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Aadhaar e-signatures

Customers electronically sign OVDs on our smart dashboard using valid Aadhaar eSign

Omnichannel & document support

Supports all officially valid documents, client configurations, & implementations using mobile SDK (iOS & Android), mobile and desktop web, and APIs

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ML-based fraud filters

Trained anti-fraud filters mitigate the threat of identity fraud & fraudulent documentation

Smart & intuitive interface

Insurance onboarding that puts your customer at the center by offering them a seamless & easy-to-use KYC verification interface

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Video KYC for the Insurance Sector

Insurers need to verify several documents, confirm identities, and complete long KYC procedures to onboard customers. This results in long waiting times, excessive paperwork & several customers leaving the onboarding process unfinished.

SignDesk provides an intuitive and customer-friendly onboarding experience by leveraging the latest ML techniques and secure Aadhaar e-signatures, so your insurance company can use VBIP-enabled Video KYC to onboard quickly & cost-effectively. Your customers can now complete KYC verification within minutes & with zero physical interactions.

Video-KYC-Insurance