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Have you ever felt tired of waiting in long lines to complete administrative procedures? Or worried about your personal information being leaked? With the development of technology, eKYC (Electronic Know Your Customer) has emerged as a completely new solution, making our lives more convenient and secure.

1. What is eKYC?

eKYC is an electronic customer identity verification process that allows users to verify their identity quickly and conveniently using only a smartphone or computer with an internet connection. Instead of having to go directly to agencies and organizations to provide personal documents, users can perform these procedures at home or anywhere with an internet connection.

2. Positive impacts of eKYC on life

a) Saving time and effort

Reducing administrative procedures: eKYC helps eliminate cumbersome paperwork, shortening the time to complete transactions.

Saving travel time: Users do not need to go directly to agencies and organizations to perform procedures.

b) Enhanced security

Accurate identity verification: Biometric technology (such as facial recognition, fingerprints) helps identify identity accurately, preventing fraud.

Protecting personal information: Personal data is secured with modern encryption technologies, minimizing the risk of data theft.

c) Expanding access to services

Serving customers everywhere: eKYC helps organizations provide services to customers everywhere, even in remote areas.

Increasing inclusivity: eKYC helps everyone, even those with limited technological knowledge, easily access services.

d) Improving operational efficiency

Automating processes: eKYC helps automate identity verification processes, reducing errors and increasing productivity.

Reducing costs: Organizations can save operating costs by minimizing personnel and paperwork.

Author: FTECH AI