• IDfy Press Office

Winds of change as Banks push for Video KYC

This article on highlights how the RBI's new guidelines followed by the Coronavirus-related lockdown has hastened Banks' digitisation drive, especially around KYC and customer onboarding.

In the article, an RBL spokesperson mentions that the cost of acquiring a customer digitally is 1/10th compared to convention methods. With fewer customers going to the branch to open savings bank accounts, most of these transactions are now going digital. As a result, branch spaces are likely to shrink as time goes on.

Wriju Ray, co-founder and CBO at IDfy, says “Video KYC is half the cost compared to any other journey and now with technology, the entire process can be made into a seamless flow for the customer.”

Read the full article here.

For business enquiries, please write to

For press enquiries, please write to

142 views0 comments

Recent Posts

See All

KreditOne Selects IDfy as KYC Partner

KreditOne India and IDfy are working together to facilitate instant disbursal to loan applicants using IDfy's digital KYC solutions.

1800 123 4339
4-F, Rushabh Chambers, Plot No.609,
Off Makwana Road, Marol Naka,
Andheri (East), Mumbai - 400059 - India 

Towards a world

without fraud.

Menu logo_all.png