Application of eKYC in the Finance - Banking Industry

Considered the gateway to implementing digital banking systems, eKYC is a comprehensive, continuous, and convenient electronic customer identification solution between users and financial institutions or banks.

Instead of waiting in line or filling out multiple paper forms, eKYC enables quick online identification and classification, meeting transaction needs, enhancing customer experience, and helping businesses save time and reduce operational costs.

SmartKYC - Intelligent Electronic Customer Identification Solution

SmartKYC, developed by GMO-Z.com RUNSYSTEM, is based on the combination of advanced technologies such as Artificial Intelligence (AI), Liveness Detection, Big Data, and Optical Character Recognition (OCR), to identify and authenticate biometric information, signatures, optical characters, genuine or fake legal documents, verify real users, and gesture states in real time… ensuring secure transactions and protecting customers’ legal rights.

An Indispensable Tool in the Finance - Banking Industry

Bac A Bank is one of GMO's partners that has successfully applied SmartKYC in banking operations to improve work efficiency and enhance customer experience:

• Implement electronic customer identification on both website and mobile platforms.
• Recognize and logically analyze personal identification documents, ID cards/Citizen ID cards.

• Detect forged documents and enhance system management capabilities.

  

It can be said that in the Finance - Banking sector, organizations and businesses always face the risk of fraud, scams, and asset appropriation through increasingly sophisticated methods. Especially in the era of modernization, the number of high-tech crimes is growing rapidly.

GMO-Z.com RUNSYSTEM has over 16 years of experience in implementing technology projects for major financial institutions and banks with strict requirements in processes, rigor, and high security, such as Bac A Bank, VIB, MB Bank, Techcombank, Toyota Finance, Cathay Life,… The transition towards digital banking is one of the crucial missions for banks to adapt to the booming 4.0 technology era. SmartKYC is an indispensable part of that journey.