C-KYC

Digittal has developed a Centralized KYC Database (C-KYC) using digital KYC technologies to streamline identity verification processes for financial institutions, communication sectors, and government agencies, addressing issues of low compliance, high costs, and customer inconvenience.

What are the Key Benefits

• The data is securely stored on the bank-graded Digittal Platform, ensuring top-tier data security and privacy.
• The centralised nature of the database allows for close monitoring of persons of interest or those on sanction lists, improving transparency and inter-usability of KYC records across institutions.
• The C-KYC platform simplifies the customer onboarding process, reducing processing time and costs.
• Institutions can focus on their core business, and customers benefit from an improved experience, no longer needing to provide the same KYC documentation multiple times across different institutions.

C-KYC Use Cases

The use case of Digittal's Centralized KYC Database (C-KYC) lies in providing a unified, standardized KYC process across various industries, including financial institutions, communication sectors, and government agencies. By utilizing a centralized database and digital KYC technologies, C-KYC streamlines the identity verification process, improving compliance and reducing costs for institutions, while simultaneously minimizing inconvenience for customers. This centralized approach ensures that the KYC information obtained by institutions is consistently accurate, up-to-date, and relevant, benefiting all stakeholders involved.