The customer is an insurance company that wants to build an eKYC system to simplify the procedure and improve the customer experience:

• Meeting Global Standards: Adhering to international regulatory standards like KYC and AML (Anti-Money Laundering) is crucial for insurance companies to operate legally and ethically. eKYC helps streamline compliance processes.
• Faster Onboarding: By automating identity verification, eKYC reduces the time it takes to onboard new customers.
• Seamless Digital Experience: Offering a convenient digital experience attracts tech-savvy customers and improves customer satisfaction.
• Remote Onboarding: eKYC enables remote customer onboarding, expanding the potential customer base.
• Real-time Verification: Real-time verification of customer identity helps prevent fraudulent activities like identity theft.
• Continuous Monitoring: Ongoing monitoring of customer information can identify potential risks and suspicious activities.
• Reduced Manual Work: Automating the verification process reduces the need for manual paperwork and human intervention, leading to cost savings.
• Improved Accuracy: Digital verification minimizes human effort and mistakes

The eKYC system includes:

• Extract information from the ID card