CKYC is a central repository of all the KYC records and documents of the investors in the finance sector.

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The CKYC records have to comply with stringent formats to maintain uniformity of data.

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The records are managed by CERSAI. It feeds sensitive data to a variety of government repositories under the PMLA initiative.

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Central

Current Challenges v/s Our Solutions

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Process Flow

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Scan the Application form along with POA & POI

Filter out existing CKYC Records: the tool searches through the CERSAI DB & removes existing records 

Auto Crop / Identify while processing records the tool auto crops scanned docs

Data Entry: import data  from the institution master or enter data manually

Review:  QC scanned & cropped images vis-à-vis data entry for each record created.

Approve the records

System will generate files as per CERSAI requirements

Apply Digital Signature on the day’s batch

Push to CERSAI’s SFTP

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Features

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CERSAI Complaint Solution

Cost Effective

Automated & Integrated

Web-based Solution

CERSAI - Compliant Solution

Application has been built as per CERSAI’s guidelines, following the file type & dimensions for customer Photo, POI, POA and format for flat file

Automation & Integration

Application has semi-automated segments that require minimal manual efforts, thus reducing the TAT. Capable of integrating Financial Institution’s database with CERSAI database to maintain customer information & digital copies of POI & POA documents

De-Duplication

Application is capable of automatically screening records in Financial Institution’s database as well as CERSAI’s portal to identify duplicate/already existing customer records.

Web-Based Solution

Web-based application that can be accessed anytime anywhere; thus bringing all stakeholders on a common platform and promoting real-time monitoring

Scalable & Affordable Model

Application is a scalable model that can suit the growing needs of diverse financial entities. It is a cost effective solution that brings all parts of the CKYC process on a single platform

Register today for
Free Demo