eKYC accounts are a breakthrough solution to help businesses optimize financial and banking transaction processes, thereby bringing many benefits to businesses in the process of business development. So, what is an eKYC account? Let's find out with [website name] in the article below.
What is an eKYC account?
eKYC stands for Electronic Know Your Customer, which is a method of verifying customer identity online using modern technologies such as facial recognition, artificial intelligence (AI), and digital signatures.
Accordingly, an eKYC account is an account created based on the customer's electronic identification information. When you open an eKYC account, you do not need to go to a bank branch but can do it completely online, anytime, anywhere.
Features of eKYC electronic identification
To better understand what an eKYC account is, businesses can also refer to some of the characteristics of this type of electronic identification as follows:
- Automated and online: eKYC allows customer authentication without face-to-face meetings. The process is fully automated and performed online.
- Using modern technologies: Face Matching, Optical Character Recognition OCR, Video Call, Liveness Detection, Fraud Detection, E-Signature,...
- Save time and cost: Customers do not need to go to the bank to complete the verification process, saving time and reducing costs for both the bank and the customer.
- Connected to identity database: eKYC compares customer personal information with a centralized customer identity database.
eKYC accounts often use modern identification technologies
Advantages of using eKYC electronic identification?
Using eKYC electronic identification accounts brings many benefits to businesses such as enhancing security, saving time and costs,... Specifically, below are the advantages of eKYC that businesses and banks can receive when using:
General advantages:
- Do it anytime, anywhere: Customers can do eKYC anytime, anywhere, on any device with internet connection.
- Simple procedure: Just a few simple steps on your smartphone or computer.
- Save time and money: No need to go to a branch, save time traveling and waiting.
- Applying advanced technology: Using facial recognition technology, AI and digital signature to secure customers' personal information.
- Risk Reduction: Reduce the risk of counterfeiting and fraud, increase the security of online transactions.
For business customers:
- Process Automation: Helps businesses automate identity verification processes, saving operating costs.
- Improve operational efficiency: Increase transaction processing speed, increase conversion rate.
- Improve customer experience: Deliver a smooth, convenient experience for customers.
For banks:
- Automate identity verification processes, saving operating costs.
- Improve operational efficiency, increase conversion rates.
- Assist in improving customer experience.
- Expand market size, reach more potential customers.
Using eKYC can help banks improve customer experience
Application ofeKYCin banking and finance
Currently, eKYC is applied in many different fields, especially in the banking and finance sector. In this field, eKYC is applied in activities such as:
Open a bank account
The application of eKYC in opening a bank account is as follows:
- Customers can open a bank account online without going to the counter. bank transactions
- Simple and quick procedure, saving time and costs for both parties.
- Increase account opening success rate.
Verify customer identity
Examples of eKYC applications in customer identity verification are as follows:
- eKYC helps verify customer identity when making online transactions such as money transfers, bill payments, loans, etc.
- Enhance the safety and security of business transactions.
- Minimize the risk of fraud and cheating during business transactions.
Providing banking services
The application of eKYC in providing banking services is as follows:
- Banks can use eKYC to verify customer identity when providing online customer care and consulting services.
- Improve service quality to help increase customer satisfaction.
Application in administrative procedures
The application of eKYC in performing administrative procedures is as follows:
- Customers can use eKYC to perform administrative procedures such as changing account information, locking/unlocking accounts,...
- Convenient, fast, minimize paperwork.
eKYC application will help simplify unnecessary administrative procedures
Instructions on how to open an account online (eKYC)
With the development of technology, many banks and financial institutions have applied the method of opening an online account, helping to simplify the process and increase convenience for customers. Standing out among the prestigious banks today is SeABank. Let's refer to the process of opening an online business account at SeABank to better understand this issue right after this.
Conditions and required documents
Documents to be kept in the registration device:
- Certificate of Business Registration or Business Registration.
- Authorization document of the legal representative of the organization (in case the Representative is not the legal representative on the Business Registration Certificate).
- Decision to appoint Chief Accountant/personnel areIn charge of accounting of the business.
- Identification documents of the Legal Representative as required by the Bank.
- Identity documents of the Chief Accountant or the person in charge of accounting.
Device registration requirements:
- Device with digital signature plugin installed.
- Use Google Chrome browser version 89.0 or higher or Firefox version 88.0 or higher.
Requirements on document quality:
- File must be less than 10 MB.
- The digitally signed file is clear and in PDF format.
Online Business Account Opening Process at SeABank
SeABank provides online payment account opening service for corporate customers who do not have a payment account at SeABank completely online with many outstanding utilities. Customers can register to open a corporate account online anytime, anywhere following the following steps:
- Step 1: Businesses access the Business menu > Open a business account online on SeABank's website.
- Step 2: Enterprises declare information and upload scanned copies of necessary documents to the system.
- Step 3: Enterprises use digital signatures to sign confirmation on uploaded documents and Service Registration Form (eKYC).
- Step 4: SeABank checks the Enterprise's profile and notifies the Enterprise of the online account opening result via SMS/Email.
Mat online payment account right at SeABank
Conclude
Hopefully with today's article, you will understand more about what an eKYC account is. eKYC is gradually becoming an inevitable trend in the digital age, bringing great benefits to both customers and businesses.
Grasping this trend, SeABank is currently one of the leading banks implementing online account services using eKYC, helping businesses to be safer and more secure in the process of making payment transactions.
To learn more about SeABank's eKYC online account opening service, please visit the website or contact Hotline 1900.599.952 (KHDN).
