In the current scenario, everyone knows the KYC term, 'Know Your Customer'. Whether trying to get any utility connections or opening a Demat account, eKYC is a regulatory policy developed and applied worldwide to prevent unnecessary activities like theft, fraud, and money laundering. The customers must submit essential documents and photocopies of valid government identity proofs during a KYC process that are collected and stored in a database.
Aadhaar-based eKYC is an electronic Know Your Customer (KYC) process that uses the Aadhaar card as proof of identity and address. The Aadhaar card contains biometric and demographic information of the cardholder, which can be used to verify their identity. eKYC eliminates the need for physical documents and in-person verification, making it a fast, secure, and convenient way to verify identity.
Meon Aadhaar eKYC Solution is a comprehensive and efficient digital identity verification solution designed to streamline the customer onboarding process. It uses Aadhaar-based eKYC, a secure and reliable method of verifying an individual's identity. This solution enables businesses to quickly and easily verify the identity of their customers, thereby improving customer experience, reducing costs, and increasing operational efficiency.
Meon Aadhaar eKYC Solution offers several benefits to businesses, including:
Streamlined Customer Onboarding Process
Meon account opening software simplifies customer onboarding by eliminating the need for physical documents and in-person verification. It makes the process faster and more convenient for the business and the customer.
Increased Operational Efficiency
Meon Aadhaar KYC Software automates the identity verification process, reducing the time and effort required for manual verification. It plays a vital role in improving operational efficiency and reduces costs.
Improved Customer Experience
Meon Aadhaar eKYC service offers customers a seamless and hassle-free onboarding experience. This improves customer satisfaction and reduces the likelihood of customers abandoning the onboarding process due to lengthy and cumbersome verification procedures.
Meon eKYC account opening software solution uses Aadhaar-based eKYC, a secure and reliable method of identity verification. It ensures that only authorised individuals can access services or perform transactions.
01 Sign Up
Users can sign up using their mobile number or email address. OTP validation is used for both methods.
The user's contact number is collected along with their relationship status.
02 Pan Validation
The user's PAN number is validated from both the Income Tax and KRA databases. The system also has an OCR facility for PAN.
03 Plan and Segment
Users are asked to select a plan and segment. Payment can be processed within the system.
The tool fetches the user's address details and PAN from Digilocker. This is successful in all cases where Aadhar and mobile are linked.
05 Additional Details
The tool collects the user's contact number and bank IFSC code. The bank account number is automatically fetched. A penny drop check if the name matches the account holder's name.
06 PAN and Signature Upload
Users can upload their signature manually, take a photo, or draw it on the screen. The tool automatically fetches the PAN from Digilocker, but the user can provide it again if needed.
07 Client Selfie
Users take a selfie. The tool fetches their geolocation and applies it to the PDF. A liveliness check is done to ensure the user is present.
The tool supports E-sign through various vendors. The name is cross-checked with Aadhar.
09 Admin Verification
Admins can verify all user details. A dropoff mechanism is available for users who still need to finish the KYC process.
10 Data Push
All data is pushed automatically to the relevant agencies without any file format. Dashboard and MIS: The tool has status-based buttons and filter-based MIS to track progress and generate reports.
Meon Aadhaar eKYC Solution is a reliable, efficient, and cost-effective solution for businesses of all sizes. It offers several advantages over traditional KYC methods,including:
Meon Aadhar KYC Solution eliminates the need for physical documents and in-person verification, making the onboarding process faster and more convenient.
Aadhaar-based eKYC uses biometric and demographic information, which makes it more accurate than traditional KYC methods.
Meon Aadhaar eKYC Software uses a secure and encrypted channel to authenticate Aadhaar details, ensuring that only authorised individuals can access services or perform transactions.
Meon Aadhaar KYC Software eliminates manual verification, reducing the time and effort required for KYC. This improves operational efficiency and reduces costs.
Frequently Asked Questions