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Case Study eKYC Solution New PDF

The document describes an eKYC solution implemented by IDmission for a global money transfer client. The client processes over 2 million transactions per month through 120,000 agent locations but regulators require customers to prove their identity at each transaction. IDmission configured their INFORM solution to allow customers to furnish their Aadhaar number and fingerprint to an agent, who then sends it to the UIDAI server to authenticate the identity and return demographic details without needing physical documents. This provides real-time identity verification, digitizes all data, eliminates paper costs, and improves compliance and customer experience.

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941 views2 pages

Case Study eKYC Solution New PDF

The document describes an eKYC solution implemented by IDmission for a global money transfer client. The client processes over 2 million transactions per month through 120,000 agent locations but regulators require customers to prove their identity at each transaction. IDmission configured their INFORM solution to allow customers to furnish their Aadhaar number and fingerprint to an agent, who then sends it to the UIDAI server to authenticate the identity and return demographic details without needing physical documents. This provides real-time identity verification, digitizes all data, eliminates paper costs, and improves compliance and customer experience.

Uploaded by

ykbharti101
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Case Study eKYC Solution

Problem Statement
A global Money Transfer client processes more than 2 million transactions per month
across 120,000 agents locations.
The regulator requires that the customer proves their Identity at every transaction.
Currently a photocopy of the identity proof is taken and retained by the agent for
records.
Challenges encountered
ID Documents are not accessible remotely
KYC process and exceptional handling is done manually
Huge operating costs
Identity theft risk for documents submitted to the agent
Limitation of physical storage
No digitization of data; obviates analytics

Business Solution
IDmission congured and deployed INFORM as a solution.
Customer approaches an agent
Furnishes their Aadhaar Number1
Agent captures customers Finger Print using an STQC certied biometric device
This is sent to the UIDAI server to rst authenticate, and then return the citizens
demographic details (Name, Address, Date of Birth, Gender and Photograph) as
present in the UIDAI database as shown in the gure.
1.

Originating Channel captures Aadhaar number + biometric of resident and


creates the encrypted PID block. IDmission creates the XML request message
and send it to ASA system.

2.

ASA forms the KYC XML message and sends to UIDAI.

1.

Aadhaar KYC service authenticates the resident and if successful responds in


XML format.

2.

This information is then displayed on the application along with a transaction


conrmation number. A copy of the transaction is saved in the Ada platform and
is available in our web portal for viewing and audit purposes.

3.

A copy of the transaction can be submitted to the host in real-time or via a daily
batch.

Benefits
1.

Instant real-time eKYC linking transactions to Identity of beneciary full regulatory compliance.

2.

Complete digitization of data will allow future analytics, customer outreach


programs.

3.

No Paper: massive savings in logistics and operating costs to the tune of millions
of dollars to the client annually.

4.

Signicantly reduces the turnaround time & improves customer experience.

5.

Solution also provides a workow capability to enable review of ID documents


submitted at various user hierarchy levels in the organization

[email protected]
www.idmission.com
2014 IDmission LLC. All rights reserved.

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