KYC Processing

Simplify Compliance, Enhance Security: Streamline KYC with Silicon Computech

Bizamica’s KYC (Know Your Customer) processing solution offers a comprehensive and automated approach to customer verification, enabling financial institutions and businesses to efficiently comply with regulatory requirements. By streamlining data collection through online forms and document uploads, Bizamica minimizes manual effort while ensuring accuracy through advanced document verification and risk assessment tools. The platform supports multi-channel access, allowing customers to complete the KYC process via mobile or web, enhancing user experience. Additionally, it features customizable workflows that adapt to specific organizational needs, real-time monitoring for ongoing compliance, and integration capabilities with existing systems. With its user-friendly interface and robust analytics, Bizamica empowers organizations to optimize their KYC processes, improve operational efficiency, and mitigate risks effectively.

 

Features

  • Data Extraction : Auto-extraction of data from invoices including Bar Code and QR Code

  • Data Matching: Matching of the information across KYC documents with confidence score

  • Photo and Sign: Auto-identification of photos and signature, if available

  • API Integration: Integration using API with 3rd party systems, if required

  • Fast Processing: High speed job processing engine to manage high volume and complex documents

USPs

  • Scalability: Business growth & Vendor Experience

  • Accuracy: 80 to 99.9% Key Value Extraction Accuracy

  • TAT: Faster Turn-Around-Time due to higher STP %

  • Productivity: 4x-10x Productivity through Time Saving

Case Study

How a Dubai-Based Conglomerate Transformed Accounts Payable with Newgen’s Automation Suite

Introduction: The client is a privately held Dubai-based conglomerate and has its operations and assets spread across the UAE. It operates across different lines of business, including real estate...

Revolutionizing Insurance Claims: How a Leading U.S. Insurer Transformed Document Management with Newgen

Introduction: Our client is the largest publicly traded property and casualty insurance company in the United States and a constituent of the Dow Jones Industrial Average. They offer a wide range of...

Transforming Financial Operations: How a Multinational Bank Overcame Legacy Challenges with Newgen’s Low Code Automation

Introduction: The client is a multinational banking and financial services group with 150+ years of experience in some of the world’s most dynamic markets. Day-to-Day Challenges Faced by the Bank:...

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