Corporate News     31-Jul-23
CAMS launches AI-backed seamless KYC solution

CAMSKRA, a CAMS subsidiary and a leading KRA (KYC Registration Agency) serving capital market players has simplified the KYC registration process leveraging Artificial intelligence (AI) to verify and confirm KYC status of new customers, swiftly and securely.

With the new CAMS KRA solution, businesses can verify the identity of their new customers in a seamless, frictionless process without breaking the onboarding journey and completing the KYC registration in under ten minutes.

Leveraging custom image classification & extraction models using AI, CAMSKRA KYC provides comprehensive verification of identity, including Aadhaar OTP, PAN card, and Bank account. With this near instant KYC solution, businesses can enjoy the twin benefits of providing smooth customer experience and improve conversion rate with KYC completion and transaction in one continuous journey.

In addition to bringing speed and ease, CAMSKRA is also highly secure. The platform uses industry-leading security measures to protect customer data. This includes encryption, data backups, and access control.

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