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

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

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

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

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