(There are five steps involved in video KYC verification process.
Step 1: Capture - Customer ID & real-time image snapshot capture.
Step 2: Extract - Data extraction from the customer ID using ICR/OCR functionality.
Step 3: Verify - Customer KYC data verification with regulatory database integration.
Step 4: Locate - Identification of the customer location using Geo-tagging functionality.
Step 5: Onboard - Instant digital account opening with automated customer alert notifications.)