Sunday, 17 March 2019

Government regulations on KYC

The following are some of the KYC procedure.
•    Identity verification: Acknowledge data from the identity document (using Artificial Intelligence, Optical Character Recognition, Natural Language Processing, Computer Vision) and check if it is original and belongs to the user.
•    Live photo: The user is required to do the real-time selfie in a definite way following the prerequisites, specified for this process (i.e. Writing out a handwritten current date and an identity card) in order to check that this person really exists.  Only real-time photos are accepted, the user cannot upload or take pictures from the camera roll. Also, there are other perquisites for the quality of the picture: just a person, good lighting and clarity.
•    Liveness verification: The user is required to take a live video and to do some actions by saying some words, move eyes move his/her head from side to side, etc. Quit atmosphere, bright light, just a person in the video are the required conditions.
•    Proof of residence: User needs to send original bills (telephone/gas bill/electricity etc.) to confirm that the place exists and the user stays there. The providers have a unique list of commercial addresses that can't be used for registration or internet verification. Click here to know more about #www.internetverification.com.

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