VCIP: RBI Approved
Customer Identification Process
An AI-driven Customer Identification process that was incepted after RBI approved VCIP. You can now speed-up customer on-boarding by automating document collection and face match. Enterprises can now do KYC verification across India.
How VCIP Works?
VCIP RBI approved process works in 3 simple steps:
- Customers get on a live video call with an agent
- Our system extracts data from the Government-issued ID card.
- Then authenticates photo on the ID with AI face match.
VCIP Features
100% Digital & Instant VCIP Solution
Complete VCIP process in less than one minute by digitizing document collection and AI face authentication
VCIP Liveness Check
Ensure person is present through liveness check. Record declaration and terms & conditions (T&C) acceptance for non repudiation check
Automated Document Extraction & Validation
Accurately extract details from ID cards using smart integration with supported government databases
In Person Verification Through Portal
We offer in person verification over and above the AI algorithmic verification where final KYC approval is done by your agent
Live Video Authentication
Authenticate identity details by matching photo on ID document with live video with the agent
Platform Agnostic Deployment
Integrate your existing customer applications, be it mobile or web, using APIs and SDKs
Veri5 VCIP vs Competitors
Our face match algorithm was built on a data set of millions of images and photos to arrive at a 99.84% accuracy.
Company
Veri5 VCIP
Microsoft
Amazon
IBM Watson
*Accuracy
99.84%
98.67%
97.49%
71.53%
**AUC
0.999
0.993
0.991
0.781
* Accuracy: probability that two given faces are correctly identified as the same person
** Area Under Curve (AUC): probability that the model will rank a randomly chosen positive instance higher than a randomly chosen negative one
Meet the building blocks of VCIP
API Data Extract
Upload an image and Data Extract API would extract the customer information present in the OVD and share the same with you via an API call.
Automatically fill out the form and speed up the customer onboarding process from within your app
API Face Extract
Extract and store, user photos from within the documents shared by the customer. The API works on any document or OVD with a photograph in it.
Combined with our Data Extract API, Face extract helps speed up the onboarding process and helps verify the customer identity.
API Verification
APIs to verify the authenticity of the data in OVDs provided by the customer. API supports verification of PAN, Voter ID, and Aadhaar cards.
API Face Compare
An API to match the live image of the customer taken using Liveness SDK with that of the image provided in OVDs.
Combine with our Liveness SDK, Face match API helps verify customer identity in realtime.
Salient Features
Aadhaar Offline included
No App Dependency
App flow also supported
Built as an API workflow with endpoints exposed
Supports Maker-Checker flow
Supports capture of other documents (DL, Utility bills etc) during live video session
Supports capture of signature and compares to PAN signature
Customizable Up-selling Module
Text Chat option included
SMS Vendor integration is plug-n-play. One can use their own SMS Vendor
