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1. Overview of eKYC

eKYC stands for Electronic Know Your Customer, a form of electronic customer identity authentication. This process was built to replace the traditional KYC method which is time-consuming and laborious. With the application of technology, eKYC has greatly simplified the authentication process, thereby creating convenience for customers.

eKYC is currently widely applied in many different fields such as banking, insurance, e-commerce and public services. For example, in banking, customers can open accounts and credit cards in just a few minutes without having to go directly to the bank.

2. eKYC authentication process

Learning the eKYC authentication process from A to Z will help you have a more general and clearer view of how it works.

Step 1: Provide personal information

To start the eKYC process, users need to provide some basic personal information such as full name, date of birth, phone number, residential address... This is the first but extremely important step, because accurate information will help the system authenticate your identity.

Step 2: Verify identity documents

After providing personal information, users will be asked to verify their identity documents by taking a photo of their ID card, CCCD or passport. OCR (Optical Character Recognition) technology will be used to extract information from these documents, ensuring high accuracy.

Step 3: Face authentication

Next, the system will ask users to take a photo or record a video to authenticate their face. Liveness Detection technology will check whether the face is real or not, helping to detect fake images. This is an important step to ensure the security of the process.

Step 4: Receive verification results

Finally, after completing all the steps, the user will receive the verification results from the system. This result can be "success" or "fail", depending on the authenticity of the information provided. If successful, the user can continue using the service without taking any further steps.

The quick and easy eKYC authentication process not only helps users save time but also improves the accuracy and security of information. Thanks to the development of modern technology, eKYC is gradually becoming an inevitable trend in the banking and finance industry. Hopefully this article has given you an insight into the eKYC authentication process and the benefits it brings to users and businesses.

Author: FTECH AI