The KYC video identification process helps the real estate sector streamline its business workflow and enhance its security against growing cybercrimes.
Real estate businesses require reliable
solutions for their security and streamlined work operations. Know Your
Customer (KYC) verification is uplifted, and video methods revolutionize real
estate. It is safe, secure, and easy for companies and users, enabling
stakeholders to verify their user identities in easy and simple steps with the
help of artificial intelligence(AI). It is a more accurate and practical way of
verifying individual identities and protecting real estate businesses from fake
investors, unauthorized buyers, and fraudsters.
KYC Video Identification System - A Quick Overview
Companies employ KYC video
identification in their user authentication process to assess their legitimacy.
It is the next evolution of the KYC compliance process, which provides firms
with more accurate identity verification results for multi-level security
protocols. Firms may conduct video identification methods by involving live KYC
agents during online interviews with clients. Some companies use automated
video capturing at some moments of KYC flow and detect fraud signals to secure
the onboarding process. On the basis of its leverage ways, KYC video
identification methods involve two strategies to protect firms from ever-growing
criminal attacks, which are discussed:
1. KYC Verification during Live Interview With User
It involves a direct interview of the
KYC agent with a user during the onboarding process on a video call. It
involves face-to-face conversations, which provide a way to ask questions from
individuals to identify their legitimacy. It also involves user liveness
detection, which helps detect spoofing and contributes to user risk assessment.
Video interviews serve as effective means to avoid fraud risks as they involve
live agents. Additionally, companies can employ video interviews for users with
high-risk profiles and in the enhanced due diligence process.
2. KYC Video Automatic Identification
Companies can also use techniques to
automate the capture of video and audio during the user onboarding process. It
varies according to the organization, and some companies choose to record whole
sessions while others only note key moments automatically. It may involve
selfies or document-uploading moments. It does not involve KYC agents, but the
entire process works through artificial intelligence. Companies use an
automatic KYC video identification process with computerized strategies to
enhance their user experience. Many individuals hesitate to disclose their
information before a KYC agent, which may create complexities.
KYC video Identification and Real Estate Business
In the real estate sector, the video
KYC process allows the direct capture of information, which is not a feature of
the traditional process. It provides a way to eliminate fraudsters and protect
the remote registration landscape. KYC video calls involve direct face liveness
detection of user ID and allow automated cross-match of facial data with public
and private databases. Additionally, the KYC video identification process
assists real estate sectors with the following major perks:
Global Business Scalability With Automic ID Verification Process
Businesses that adhere to modern
identity verification solutions can only protect their networks from criminal
attacks. Companies that do not utilize the KYC
verification process are vulnerable to fraud and
legal complications. Therefore, real estate businesses also use the KYC video
identification process to enhance security from cyber crimes. It assists real
estate businesses with a secure user online registration process. It does not
only protect the business landscape but also provides a way to enhance business
scalability globally with reliable security protocols. It assists real
estate sectors in utilizing automatic ID verification methods and growing their
business at the intercontinental level.
Worldwide Protection from Criminal Attacks and Fake IDs
KYC video identification for ID
verification is a more common practice nowadays. Organizations adopt modern
solutions to streamline their operations and eliminate cybercrimes. It provides
worldwide protection for its automatic and remote services.
Moreover, the KYC video verification
process serves real estate businesses to identify user risk potential and
overcome money laundering attacks. The KYC process provides a way to have legal
rules of obedience and enhances firms' reliability by overcoming every future
complexity.
Background Security Checks Via AI Technology
Real estate businesses use an automatic
KYC video identification process for a seamless background check application.
During the smooth KYC process, user video is captured and verified
automatically through various automatic algorithms of artificial intelligence.
This video serves real estate sectors to have a multi-layered security process
as it allows the review of the necessary information to detect fraud signals
for a user with a high-risk profile.
Concluding Remarks
The KYC video identification process is
revolutionizing the real estate sector with modern security measures. It helps
real estate businesses verify their users during the remote registration
process through background ID verification checks. Additionally, it assists
with automatic ID verification solutions and streamlines business operations
with a frictionless user onboarding process. The KYC video call process
involves instructions for users to move randomly and ensure their legitimacy
through the liveness detection process. This process involves real-time user
identification, document verification, and biometric security methods to serve real
estate businesses with a more accurate and modern user identification
process.
