Real Time KYC Using Face Recognization For Banking System

Real Time KYC Using Face Recognization For Banking System
Author(s):
Chaitali Sumbe, Janhavi Sakat, Swetali Vanjare, Rohini Chavan , R.S.Bhoyar
Keywords:
Know your customer, Realtime, government document, immediately, Face Recognization, framework.
Abstract
Know your customer (KYC) is a set of guidelines used by banks to verify a customer's identification. In the current scenario, an eKYC collects and stores an individual's information, as well as photocopies of valid government identity certificates, in a central database. We suggest a real-time KYC mechanism for the bank system in this paper. A web-based platform for the banking sector that uses real-time KYC with face recognition is available. With photocopies of all legal official documents, such as Aadhar cards, passports, and so on, this technology recognize live faces. When the KYC process is completed, the customer receives an email from the bank confirming that the KYC has been completed and that the KYC has been approved.
Article Details
Unique Paper ID: 153783 Publication Volume & Issue: Volume 8, Issue 9 Page(s): 40 - 44
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