Role of Verification API Portal in Streamlining eKYC
Verification API portals centralize eKYC processes, enabling businesses to comply with regulations while saving time. These portals integrate multiple APIs for ID, biometric, and address verification, offering a single interface for seamless management. They reduce onboarding time by 60%, automating manual checks with OCR and AI-driven fraud detection. Portals ensure compliance with RBI and GDPR, minimizing legal risks. Scalable and secure, they handle high transaction volumes, ideal for fintech and e-commerce. With detailed analytics and robust support, verification portals enhance efficiency, ensuring faster, safer customer onboarding for digital platforms.
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