Digitization & Cognitive Process Automation of RBI approved KYC docs
Banks, financial institutions and lenders are required by law to perform ‘Know Your Customer’ (KYC) processes before opening accounts. Across millions of customers, and multiples of millions of accounts, BFSI companies spend a good part of their operational time and resources in KYC-related tasks.
What if you could automate this, reliably? Using proprietary computer vision, computational geometry and machine learning algorithms, EazyKYC automates ‘know your customer’ (KYC) processes mandatory for banks and financial institutions.
EazyKYC automatically extracts data — such as document ID, name, and date of birth — from RBI-approved KYC documents, and verifies them with government databases instantly. EazyKYC is available as a mobile application for agents/users to capture images of KYC documents and extract data from the same.
How EazyKYC works
EazyKYC is a mobile app which integrates with the bank’s workflow using a simple plug-and-play API.
The app’s in-built camera has edge detection and alignment correction capabilities that guide the agent to capture the document entirely and in good quality.
It then identifies the document type and classifies into one of the following:
Permanent account number (PAN)
It extracts the necessary information from the document:
Name of the document holder
Date of birth of the document holder
All the extracted information is available on the agent’s app screen for validation. If the information is unavailable, the agent is nudged to reshoot the picture. If it is inaccurate, the agent can edit it.
It authenticates extracted data with respective government databases.
EazyKYC also allows the agent to edit the extracted data.
EazyForm Brochure download
For a more detailed look into the product, features and processes, download our brochure here.
How we achieve near-100% accuracy with EazyKYC
Multiple algorithms for region-of-interest detection
In EazyKYC, there are multiple algorithms working simultaneously on region-of-interest identification, ensuring 100% detection.
De-noising systems from simple Otsu methods to deep learning-based segmentation algorithms improve EazyKYC’s extraction quality.
EazyKYC’s mobile app ensures the information to be captured is within the field-of-view while taking the picture.
Dual algorithmic journeys for building quorum
It builds quorum using two algorithms for every field. Each algorithm has different deep learning bases and maths for feature extraction methods, number of layers, loss functions etc.
Claim your POC
Take EazyKYC for a spin with our free customised proof-of-concept for banks and financial institutions in India. Fill the form below to claim yours now.
Claim your POC
Take EasyKYC for a spin with our free customised proof-of-concept for banks and financial institutions in India. Fill the form below to claim yours now.