AI Powered Automated Video KYC Process for Secure User Verification

Automated Video KYC (Know Your Customer) Process

1. User Registration

1.1 Initial User Input

The user initiates the KYC process by providing basic personal information through a secure online form.

1.2 Identity Verification Tools

Utilize AI-driven identity verification tools such as Onfido or Jumio to validate the user’s identity against government-issued documents.

2. Video Capture

2.1 Scheduling a Video Session

The user is prompted to schedule a video session via an AI scheduling tool like Calendly integrated with the KYC platform.

2.2 AI-Powered Video Recording

During the video session, employ AI video tools such as Veriff or IDnow to capture the user’s video while ensuring compliance with security protocols.

3. AI Analysis of Video Content

3.1 Facial Recognition

Implement facial recognition technology to match the user’s face with the identification documents submitted earlier.

3.2 Emotion and Behavior Analysis

Use AI algorithms to analyze the user’s demeanor and behavior during the video session, flagging any inconsistencies or suspicious behavior.

4. Data Verification and Risk Assessment

4.1 Cross-Referencing Databases

AI systems cross-reference the provided information with global databases for any red flags, including sanctions and watchlists.

4.2 Risk Scoring

Utilize AI-driven risk assessment tools to generate a risk score based on user data, video analysis, and historical patterns.

5. Decision Making

5.1 Automated Approval or Rejection

Based on the risk score and analysis, the system automatically approves or rejects the KYC application.

5.2 Manual Review (if necessary)

If flagged, the application is routed to a compliance officer for manual review using tools like ComplyAdvantage.

6. Notification and Record Keeping

6.1 User Notification

The user receives a notification regarding the outcome of their KYC application via email or SMS.

6.2 Data Storage and Compliance

All data is securely stored in compliance with regulations such as GDPR or CCPA, utilizing cloud storage solutions like AWS or Azure.

7. Continuous Monitoring

7.1 Ongoing Risk Assessment

Implement continuous monitoring of user accounts using AI tools to detect any changes in risk profiles or suspicious activities post-KYC.

7.2 Periodic Re-Evaluation

Schedule periodic re-evaluations of user KYC status using automated reminders and AI analytics to ensure ongoing compliance.